News
Crawford Promoted to Apartment Finder VP of National Partnerships
Lawrenceville, Ga.—Multifamily integrated media platform Apartment Finder has promoted Patty Crawford to vice president of national partnerships.
Restarted Sterling at Silverleaf to Include Upscale Condos
Scottsdale, Ariz.–When Sterling at Silverleaf returns to the market, it will feature 16 villas, 12 “custom estates” and 180 upscale condos.
TODAY’S DEALS: HomeStreet Arranges $35M for Seattle Mixed-Use Project
HomeStreet Capital arranges $35 million for a mixed-used building in Seattle; Beech Street Capital provides a $10.4 million loan for a 274-unit community in Baltimore; and Eastern Consolidated oversees a $17 million sale of bank-owned properties.
MHN Interview: Watt Companies’ Nadine Watt
Nadine Watt talks to MHN about her new appointment as president of Watt Companies, and the firm’s shift toward acquisitions, development and joint ventures.
Design Study Proposes Ingenious Solution to Denver Water-Storage Issue
Denver–Architectural firm Meridian 105 Architecture’s proposed design for a 426,000 square-foot mixed-use residential high-rise introduces creative ideas for water conservation.
Economy Watch: Consumer Prices Edge Up, Investors Gnash Their Teeth
The Consumer Price Index posts its smallest increase since November; homebuilding sentiment is gloomy; and overseas visits to the U.S. increased in the first quarter.
Multifamily Construction, Vacancies Both Inch Upward
NAHB’s Mulitfamily Production Index finds that construction of multifamily low-rent units, market-rate-rent units and for-sale units all inched up in the first quarter, as did vacancies.
TODAY’S DEALS: Partnership Picks Up Mixed-Use TOD in Chicago
Canyon-Johnson Urban Funds and McCaffery Interest acquire a mixed-use TOD; Cassidy Turley sells a community in Phoenix for $5.3 million; and Phillips Development sells an apartment asset to its equity partner for more than $34 million.
ACC Starts Work on 3,200-Plus Student Housing Units
Austin–American Campus Communities has broken ground on four different student housing projects in different states, representing a total development cost of $156.6 million.
NAHB: Homebuilder Confidence Declines
Washington, D.C.–Homebuilder confidence in June reached its lowest point since September 2010, according to the NAHB/Wells Fargo Housing Market Index.