Regions
$36M Loan for Waterfront Community Gut Renovation
Far West Management has received a $36 million bridge-to-perm loan to renovate Villa Del Mar Apartment Homes, a 196-unit, four-building multifamily community with 209 boat slips, located on the Marina Del Rey-waterfront.
Economy Watch: Will Interest Rates Rise Sooner Rather Than Later?
Predicting what the Federal Reserve’s going to do about interest rates is something of a mug’s game, since the central bank goes out of its way to be opaque about policy matters.
TOD Boasts Proximity to Disney
Texas-based JPI/TDI Cos. has closed on its acquisition of 7.64 acres in Anaheim, Calif. The company plans to build a 400-unit apartment at the site.
TODAY’S DEALS: Berkshire Group Cashes in with Portland Sale
ARA brokers a 123-unit Portland sale; GoldOller nabs 843 units in Houston; and GFI Realty arranges the sale of a walk-up building for $250,000 per unit in Queens, N.Y.
Inland American Communities Announces New EVP of Investments
Troy Manson is the new executive vice president, investments at Inland American Communities.
‘Lifeless Industrial Warehouse Complex’ to be Revitalized With Apartments
A joint agreement has been announced between HSA Commercial Real Estate and Fiduciary Real Estate Development to develop more than 1,000 luxury residences in Wauwatosa, Wis.
Efficiency Top Priority to Attract Millennials to These New Apartments
Grubb Properties plans to begin construction early this year on Link Apartments West End, a 215-unit apartment community in the dynamic West End of Greenville, S.C. Leasing is expected to begin in spring, 2016.
Seniors Housing Wins Cincinnati’s Greenest Building for ’15
The Reserve on South Martin, a seniors housing property, has been named Cincinnati’s Greenest Building for 2015 by the Cincinnati Business Courier.
TODAY’S DEALS: Forest City Completes Three Investments with Arizona State Retirement System
Forest City closes investment allocations in D.C., Philadelphia; and Oakland, Calif.; a joint venture led by The Preiss Co. completes a Florida student housing acquisition; and CareTrust REIT closes a $7.5 million preferred equity investment.
Stewards of Affordable Housing for the Future Names New Senior Vice President
Stewards of Affordable Housing for the Future announced the promotion of Rebecca Schaaf to senior vice president and will be leading SAHF’s energy and water conservation work.