National
Long Beach Senior Affordable Community Finally Holds Groundbreaking
By Alex Girda, Associate Editor A major step was taken to ensure that an important residential development in Long Beach will have new life following a number of funding delays due to redevelopment legislation. However, the Ramona Park senior affordable housing development has managed to pull through and recently held a groundbreaking ceremony, confirming the […]
Economy Watch: Cypriot Bailout Done (Probably)
Over the weekend, the Cypriot parliament worked on a plan to confiscate a percentage of deposits over 100,000 euros in the most troubled of the country’s banks to raise the money demanded by lenders, so that the 10 billion-euro bailout may proceed.
TODAY’S DEALS: AvalonBay Sells Two D.C. Area Assets for $332M
AvalonBay sells 1,392 units; Decron breaks ground in Los Angeles; and NorthMarq Capital arranges $20.62 million in FHA financing.
Growing Labor Shortages Impeding Housing and Economic Recovery
Growing labor shortages in all facets of the residential construction sector are impeding the housing and economic recovery, according to a new survey conducted by the National Association of Home Builders.
Cities that Promise to be the Healthiest Real Estate Markets
An infographic showing cities that promise to be the healthiest real estate markets for 2013.
TODAY’S DEALS: Mack-Cali Enters D.C. with $262.5M Buy
Mack-Cali enters the Metro D.C. multifamily market in a big way; Walker & Dunlop closes $90 million for a Pennsylvania asset; and Keller Williams Commercial arranged the $3.31 million sale of a San Diego multifamily property.
Economy Watch: Homebuilding Sees Healthy Uptick in February
The Federal Open Market Committee offered its thoughts about the U.S. economy once again on Wednesday, and came out more optimistic than it’s been in a few months.
TODAY’S DEALS: Behringer Harvard, Legacy Partners Break Ground in Denver
Work begins on a luxury Denver asset; Transwestern brokers the sale of 1,476 units in two weeks; and Essex Realty brokers the sale of a new construction for $5.7 million.
TODAY’S DEALS: PRG Sells 292-Unit Asset in Raleigh
PRG Real Estate Management sells a 292-unit asset for $20 million; Berkadia arranges an $8.8 million bridge loan for a condo acquisition in San Jose; and ARA represents REIT in the sale of a fully stabilized asset in Florida.
Two Texas Metros Top List of ZipRealty’s Most Affordable Housing List
ZipRealty, Inc., an online technology-enabled residential real estate brokerage company, released its list of the top 10 most affordable housing markets in 2013 based on a two-year analysis by the company of MLS data and U.S. Census Bureau information.