News
Starwood, Bainbridge JV Bags Apartment Portfolio in Hot Metro D.C. Market
Washington, D.C.–Starwood Capital Group Global and Bainbridge Companies have acquired seven apartment communities in metro Washington, D.C.
TODAY’S DEALS: Cohen Financial Obtains Lower Interest for $8.7M Loan
Cohen Financial arranges an $8.7M loan for the acquisition of Marcus Pointe apartments, and CT Realty and WLCM’s joint venture acquires a cluster of value-added opportunities for $10M.
Where Property Prices Stand in Today’s Apartment Market
By one measure, prices are still 30 percent below the previous peak. Other measures indicate they are within 10 percent.
Integrated Strategies for Eliminating Pests
New approaches to pest control, or “integrated pest management strategies,” are healthier, greener and more economical.
Southern California on Its Way Back to Health
SoCal may not return to true health until 2013-2014, but institutional buyers are bidding for quality properties.
Cascades at World Golf Village Enters Penultimate Phase
St. Augustine, Fla.–Dock Street Communities kicks off the sixth of the seven-phase development of The Cascades at World Golf Village, an active-adult master-planned community.
Economy Watch: U.S. Construction Sees Uptick, but Still Hurts
U.S. construction spending rose more than expected during March; the federal government has a few months left before defaulting on its debt; and bin Laden’s death has a brief effect on oil markets.
Ground Broken for Yonkers Workforce Housing
Yonkers, N.Y.–The Yonkers Industrial Development Agency, L+M Development Partners Inc. and the Greyston Foundation have broken ground on 49 North Broadway, an affordable multifamily housing development.
American Campus Communities and ISU Partner on $59.6M Student Apartment Project
Normal, Ill.–American Campus Communities Inc. and Illinois State University will break ground on Cardinal Court, an 896-bed student-housing community.