News
CityView and Access Capital Advisers Invest in Urban Infrastructure
Los Angeles–CityView and Access Capital Advisers have formed CVAE, a joint venture to invest in urban infrastructure in the United States.
Arley Wholesale Donates Tile for Haiti Rebuild
Arley Wholesale, Inc. recently made a major contribution of porcelain tile material to aid the crisis in Haiti.
Economy Watch: Construction Spending Slumps in January
Construction spending took a dive in January; Geithner outlines a strategy for “winding down” Fannie and Freddie; and the House passes a temporary spending measure to keep the federal government breathing for now.
RealPage Launches Involuntary Unemployment Insurance for Renters
Carrollton, Texas–RealPage, Inc., a provider of on-demand software and software-enabled services to the rental housing industry, has introduced involuntary unemployment insurance (IUI), giving residents of apartments and property owners rent protection in the event of an unexpected job loss.
Enterprise Community Investment Wins More New Markets Tax Credits
Columbia, Md.–The U.S. Department of the Treasury’s Community Development Financial Institutions Fund has awarded Enterprise Community Investment Inc. an additional $62 million in New Markets Tax Credits.
Ground Breaks on Low-Income and Veterans Affordable Housing in N.J.
Newark, N.J.–Work has gotten underway on the Newark Clinton Avenue Homes, a project that will bring 56 affordable housing apartments for low-income and veteran families in Newark, N.J.’s South Ward.
TODAY’S DEALS: Insight Purchases 200 Apartments in Fredericksburg for $18.3M
Insight has purchased a 200-unit apartment community in Fredericksburg, Va.; HFF has arranged $39.3 million financing for N.J. portfolio; and Berkadia Commercial Mortgage originates adjustable-rate Freddie Mac loan for institutinoal borrower.
Caroma’s Latest in Water-Saving Bathroom Fixtures
Caroma’s innovative line of high efficiency bathroom fixtures is making waves in the green build circle. One of the most interesting products is the ‘Profile Smart’ fixture that combines a dual-flush toilet with a hand-wash basin and faucet.
Economy Watch: Consumer Spending Up, but Not as Much as Incomes
Incomes were up in January, with help from the cut in Social Security taxes; pending home sales dipped; and the NABE predicts better GDP growth a previous projection.
Pension Fund Manager to Help Create 635 Union Jobs Via $50M Investment
Minneapolis–The AFL-CIO Housing Investment Trust continues to aid the creation of construction jobs and support affordable housing with a recent $50 million investment in a Minneapolis multifamily rehabilitation project.