Regions
Chicago Real Estate Forum Gauges Vision of Industry Leaders
A major topic at the Chicago Real Estate Forum was the Millennial generation, what members of that cohort are seeking and how soon they will convert from renters to home buyers.
Economy Watch: Strong Jobs Growth in Various Industries
The gains in U.S. employment in October, which totaled a net of 214,000 jobs, were fairly widespread across various industries, the Bureau of Labor Statistics reported.
Grass River Property Begins TOD Apartments in Miami
Work is under way on the 184-unit Grove Station Tower in Miami, near the Miami neighborhood of Coconut Grove. The project, set to deliver in early 2016, is being developed by Grass River Property, a real estate investment and development firm based in Coconut Grove.
TODAY’S DEALS: Berkadia Arranges $73.7M for a Georgia Apartment Acquisition
Berkadia arranges acquisition financing for a Steadfast subsidiary; Bascom and Oaktree complete another purchase; and Community Development Trust and Peak Capital Partners acquire and preserve two affordable housing properties.
KTGY, SummerHill Housing Announce Completion of Redwood City Luxury Community
Architecture and planning firm KTGY Group and SummerHill Apartment Communities have announced the completion of a new 141-unit luxury apartment community in Redwood City, Calif.
Economy Watch: Seniors Housing Builders More Optimistic
Builder confidence in the seniors housing market was up again in the third quarter, according to the latest survey by the National Association of Home Builders.
Foxford Communities Acquires Suburban Chicago Property
Foxford Communities has acquired Century Station, a mixed-use property in the near west Chicago suburb of Berwyn, Ill. Hindsale, Ill.-based Foxford will undertake exterior improvements and update the common areas of the 52-unit Central Station over the coming months.
Tobacco Plant Redeveloped into Apartments in Winston-Salem
Pennrose Properties and C.A. Harrison Cos. are on the verge of completing the redevelopment of Plant 64 in downtown Winston-Salem, a former RJ Reynolds tobacco plant, into apartments.
TODAY’S DEALS: Northland Acquires the Largest Apartment Community in Austin
Northland Investment Corp. buys 1,072 units in Austin; Charles Dunn Co. completes a $15.1 million sale in Los Angeles; and RED Capital provides a $16.5 million equity bridge loan that enables later Low Income Housing Tax Credit equity pay-in to reduce costs.
William’s Court Kanata Lakes Apartments in Ottawa Sells for $47.6M
Killam Properties has recently acquired the 152-unit Kanata Lakes Apartments II, a newly constructed luxury rental building in Kanata, Ontario, in the outskirts of Ottawa.