News
NAR Predicts Better Times Yet for Multifamily
Chicago–The National Association of Realtors is predicting better times ahead for commercial real estate, including the apartment rental market, which has already experienced a strong recovery from the recession.
Tornados Continue to Tear Apart the Midwest
Violent tornados ripped up parts of the central United States last night, killing at least 15 people in Oklahoma, Arkansas and Kansas.
WEB FEATURE: Global Market Report – South America
In the third and final piece of MHN’s global market report, a look at South America shows that potential for large-scale apartment communities exists in the region’s big cities.
$2B Master-Planned Community on Tap for Suburban Dallas
Arlington, Texas–Huffines Communities just broke ground on Viridian, a massive master-planned community that is estimated to cost $2 billion.
Economy Watch: New Home Sales Edge Upward in April
New home sales ticked upward by 7.3 percent last month; Chrysler pays off its debt to the U.S. and Canadian governments; and banks just had their best quarter in four years.
Phillips Development & Realty and Picerne Real Estate Group Join Forces
Tampa, Fla.-based Phillips Development & Realty and Warwick, R.I.-based Picerne Real Estate Group have launched a joint venture under the name Phillips-Picerne Properties, LLC.
Zero Net Energy Development Near Completion at UC Davis
Davis, Calif.–The University of California-Davis is near completion of the first phase of a mixed-use project it is calling the “largest planned zero net energy community” in the United States.
WEB FEATURE: Global Market Report – Europe
Part two of MHN’s global market report focuses on Europe, a market that is surprisingly untapped and undeveloped compared to the U.S. model.
Neglected Property in Oakland Reemerges as Polished Affordable Housing Community
Oakland, Calif.–Affordable Housing Associates has completed a comprehensive rehabilitation of 401 Fairmount Ave., now serving overlooked segments of the population in more ways than one.
TODAY’S DEALS: The Praedium Group and Price Realty Acquire a 362-Unit Property
The Praedium Group and Price Realty Corporation acquire a 362-unit community in Lewisville, Texas for $20 million; Bell Partners purchases a 232-unit apartment property in Greensboro, N.C.; and Walker & Dunlop closes $18.1M Freddie Mac ARM.