News
Luxury Active-Adult Apartment Property Reels in Renters in Suburban Baltimore
Ellicott City, Md.–Seniors are already lining up at Wood Partners’ Alta at Regency Center, a new active-adult apartment property in Ellicott City that opened a month ago.
TODAY’S DEALS: Cushman & Wakefield Negotiates $100M Sale
Cushman & Wakefield negotiates the sale of a luxury L.A. apartment for $100 million; Tikijian sells a 226-unit property in Indiana; and Grand Heritage Resort in Colorado closes 31 condo sales.
Prometheus Clears Site for TOD Development
Mountain View, Calif.–Prometheus Real Estate Group Inc. has cleared a site in downtown Mountain View for a new 203-unit apartment complex.
Economy Watch: FHFA Sees Housing Price Decline
The FHFA House Price Index dropped more than expected; Conference Board indicators point to better U.S. business conditions; and the Obama administration goes after fraud in oil markets.
Suburban D.C. Apartment Project Wins Senior and Mezz Financing
Merrifield, Va.–DSF Group has obtained financing for the second phase of Halstead Square, which will consist of 436 apartments in two mid-rise buildings.
TODAY’S DEALS: Cushman & Wakefield Closes Sale of New Hampshire Community
Cushman & Wakefiled closes the transaction of a 290-unit community in N.H.; Green Bear arranges $87 million in construction financing for a Chicago project; and Colliers arranges the bulk purchase of lender-owned condo units.
Economy Watch: Existing Home Sales See Uptick in March
Existing home sales were up unexpectedly; the Fed proposes new mortgage underwriting rules to make lending more stable and sane; and a couple of dysfunctional millionaires see their baseball team taken away.
New Laticrete Adhesive Simplifies Glass and Mosaic Tile Installation
Approved for glass tile on floors or walls, both interior and exterior, this one-step adhesive mortar does not require additives of any kind.
Nevada Multifamily and Other CRE Assets Head for Auction Block
Irvine, Calif.–A real estate auction of Nevada property and notes with a nominal value of $1 billion has been slated for next month by Auction.com and Archetype Advisors.
TODAY’S DEALS: Newcastle Buys 48-unit Property in Chicago
Newcastle Limited acquires a 48-unit building in Chicago’s Lincoln Park; SilverLeaf purchases non-performing loans secured by a golf course, raw land, lots and multi-housing; and Behringer Harvard invests in The Domain at Eldridge in Houston.