Regions
Construction Begins on KTGY-Designed The Lakes at West Covina
Construction of The Lakes at West Covina, a 450-unit luxury rental community, is now under way in West Covina, Calif.
Economy Watch: SoCal Home Sales Surge in September
Southern California home sales hit a five-year high for September, rising above a year earlier for the first time in 12 months amid gains for mid- to high-end deals, CoreLogic DataQuick reported.
TODAY’S DEALS: Prudential Provides $115.8M for Mixed-Income D.C. Development
A 520-unit development in Northeast Washington, D.C., lands financing; HFF arranges refinancing for two communities in Minnesota and South Dakota; and Capital One Bank closes on a $24 million private placement revenue bond.
Perkins Coie Closes on $200M U.S. Treasury Guaranteed Bond Issue
Following on the heels of its closing of a $125 million U.S. Treasury guaranteed bond in August, Perkins Coie has announced that it has closed on another $200 million of the same type of bond issue on Sept. 25, 2014 for Minneapolis-based Community Reinvestment Fund and four Certified Development Financial Institutions.
City of Miami Taps Panorama Development for EB-5 Program
The City of Miami has chosen Panorama Tower, a mixed-use project with a major residential component that is currently under construction at 1011 Brickell Ave. in the Brickell district, as its first EB5-designated development.
New TransUnion Study Finds Big Changes in Last Decade for Consumer Loan Wallet
A new TransUnion study revealed that over the last 10 years, the consumer loan wallet, defined as the composition of loans that people typically carry, has materially changed for both the youngest and oldest segments of the population.
Economy Watch: Stocks in Freefall
Wall Street still has those is-this-a-simple-correction-or-is-it-worse October sliding index blues, with the Dow Jones Industrial Average down 223.03 points, or 1.35 percent for the day.
TODAY’S DEALS: Ginkgo Residential Buys Apartment Communities in Virginia
Ginkgo Residential grabs three assets from Berkshire Property Advisors; Bell Partners buys a 316-unit community in Fort Worth; and Mission Capital arranges $31.4 million in debt and equity financing for a new downtown construction.
Detroit Honors Local Multifamily Developer Village Green
The City of Detroit has honored multifamily specialist Village Green for its efforts in revitalizing the apartment market in the city’s urban core.
Northern New Jersey Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and Jack Kern discuss Northern New Jersey apartment market fundamentals in this edition of MHN’s apartment market podcast.