News
Work Begins on Affordable Property in Riverside County, Calif.
Lake Elsinore, Calif.–Ground has been broken on Pottery Court Apartment Homes, 113 dwellings for families earning between 30 and 50 percent of area median income.
Baldonado Joins RealFacts/Meyers
Rick Baldonado has joined RealFacts/Meyers in the role of vice president.
Economy Watch: MBA Reports Fewer Homes in Foreclosure
MBA reports that mortgage foreclosures dropped in 1Q11; NAR reports that existing home sales dropped in April; and the Conference Board’s index shows leading indicators down in April.
Donaldson Group Hires Majeski as VP of Acquisitions
Rockville, Md.–John Majeski has joined The Donaldson Group of Rockville, Md. as vice president and director of acquisitions.
SPECIAL REPORT: Webinar Speakers Present Strategies for Resident Automated Payments Systems
Businesses can effectively leverage electronic payment systems to drive revenue growth and cash flow, said speakers at an MHN webinar sponsored by NWP Services Corp.
TODAY’S DEALS: IPA Brokers $38M Sale near San Francisco
IPA arranges the sale of a 250-unit community in Union City, Calif. for $38 million; PCCP partners with Signature Development Group to acquire a 130-unit luxury project in Dublin, Calif.; and HFF arranges financing for manufactured home communities.
MARKET SNAPSHOT: Investor Interest Increases in Louisville, Ky. Apartments
Louisville, Ky.–Increasing investor interest has been noted lately in Louisville, with many out-of-state buyers seeking assets in the metro area.
Upscale Brooklyn Apartments Come to Market
New York–163 Washington Avenue, a 16-story glass tower in the Brooklyn neighborhood of Clinton Hill, has changed hands and is ready for occupants.
New Owner Plans New Life for $300M Miami Condo Development
Miami–New owners iStar Residential and ST Residential have stepped in with plans to reposition and relaunch the upscale, 340-residence Paramount Bay in downtown Miami.
ULI Coverage: Panelists Debate ‘Destinies’ in Opening Keynote
Phoenix–With the economy beginning to see a thaw in the recession, there was a palpable if tenuous sense of hope at the Urban Land Institute’s spring meeting.