Regions
New Affordable Seniors Property Opens in LA County
Affordable Living for the Aging has opened its latest seniors housing development, the Janet L. Witkin Center, which has 17 units at 937 N. Fairfax Ave. in West Hollywood. The project will serve low-income and formerly homeless seniors.
TODAY’S DEALS: Weinstein Buys 260-Unit Property from Wood Partners
ARA brokers Wood Partners’ sale of a newly built asset; Graysteel arranges a 30-unit sale in Northwest Washington, D.C.; and ARA participates in the sale of a Class A apartment community located in a 200-acre mixed-use community.
TIAA-CREF-Owned Seattle Properties Earn Energy Star Certification
Of the first 17 existing multifamily properties recognized by the U.S. EPA’s ENERGY STAR program, three are properties owned by TIAA-CREF. The U.S. financial services organization and leading real estate investor owns Aspira, Circa Green Lake and the Prescott Wallingford apartments, all located in Seattle.
Economy Watch: Retail Sales Edge Up in October
Americans increased their retail and food services spending by 0.3 percent in October compared with September, according to the Census Bureau.
SPECIAL REPORT: The Case for Queens
Everyone is trying to get a piece of Queens these days. A panel at Massey Knakal’s Multifamily Summit explains why.
TODAY’S DEALS: Kennedy Wilson Acquires 324-Units in Boise
Kennedy Wilson breaks the 20,000-unit mark with a Boise buy; Bascom and Oaktree continue their buying spree; and Northmarq Capital arranges a $22.2 million takeout bridge loan.
Boston Apartments Win Superior Energy Performance Designation
The U.S. Environmental Protection Agency has recognized Castle Square Apartments as one of the first multifamily housing properties in the country to earn Energy Star certification for superior energy performance.
Construction Begins on Omniyat Group’s $680M Luxury Residential Tower in Dubai
Omniyat Group, one of the most prolific high-end property developers in the Gulf region, has celebrated the groundbreaking of its new residential megaproject in Dubai.
W.P. Carey Completes First Australian Investment with Sale-Leaseback Agreement for Industrial and Agricultural Portfolio
Global net-lease real estate investment trust W.P. Carey has completed yet another international acquisition. The company recently announced that it closed a 20-year sale-leaseback deal with Inghams Enterprises Pty. Limited, for a portfolio of 31 properties in the Australian market.
Campus Evolution Villages Acquires UA Property
Campus Evolution Villages has acquired University Village, a housing property serving University of Alabama students in Tuscaloosa, Ala. The acquisition delivers an increase of more than 1,160 beds to the company portfolio.