News
Solar Installation Completed at San Diego Affordable Housing Property
The largest Multi-family Affordable Solar Housing project in San Diego (so far) has been completed at Mayberry Townhomes, a 70-unit affordable rental property.
Coast to Offer Chicago Renters a Place on the Lake
Magellan Development Group’s 499-unit high-rise apartment tower will rise at the northwest corner of Lakeshore East.
Economy Watch: Case-Shiller Index Sees Surprise Uptick, but Is It Meaningful?
The Case-Shiller 20-city index went up in April; consumer confidence went down in May; and the number of mortgage loan fraud reports went up in the first quarter.
TODAY’S DEALS: 300-Unit Community Commands $14.2M
Marcus & Millichap brokers the sale of a 300-unit community in Florida; HFF secures $220M for eight Olen properties located in Nevada and Florida; and NorthMarq arranges an $8.5 million loan with a two-year prepayment window.
Behringer Harvard Launches BH Capital, Targeting Debt Investments
Dallas–Behringer Harvard has announced the formation of BH Capital, LLC, a Behringer Harvard-related company that will focus on the acquisition of small-balance debt instruments sold on the secondary market via individual transactions or portfolio sales.
Management Resource Center Names Liedel President and CEO
Carlsbad, Calif.–Management Resource Center has named Sabine Liedel, CMCA, as the company’s president and chief executive officer.
Willis North America Offers Bed Bug Insurance
Willis has introduced Bed Bug Infestation Recovery Insurance, designed to protect property owners in a number of ways from bed bug problems.
Luxury Apartments near Texas Medical Center Get Underway
Houston–Archstone has begun construction on a 474-residence project near the Texas Medical Center in Houston, where more than 93,000 employees work.
New Developer Re-Starts Residential Project in West Suburban Chicago
Hinsdale, Ill.–Inland Opportunity Fund L.L.C. recently bought the partially developed Hamptons of Hinsdale with the goal of repositioning it for today’s market.