Regions
TODAY’S DEALS: Aragon Closes 850 Unit Purchase in Denver and Orlando
Aragon Holdings buys two communities in Denver and Orlando; Walker & Dunlop structures $72 million in bridge conduit and mezzanine financing for acquisitions; and Crown Realty completes its 10th Phoenix area apartment acquisition since 2010.
JV to Construct First LEED-Certified Community in Park Ridge, Ill.
Trammell Crow Company residential subsidiary High Street Residential and its joint venture partner The Carlyle Group have announced they will construct Park 205, a Class A apartment community in Park Ridge, Ill., an inner-ring northwest suburb of Chicago.
Economy Watch: Home Prices Continue Their Deceleration
The latest S&P/Case-Shiller Home Price Indices, which were released on Tuesday by S&P Dow Jones Indices, show a sustained slowdown in U.S. home price increases.
Work Begins on Affordable Housing Near Albany
Ground has broken on Lion Heart Residences, a 72-unit affordable housing project in Cohoes, a town in Albany County, N.Y.
Perkins Coie Closes $125M US Treasury Guaranteed Bond for CRF, CDT
Perkins Coie has announced that it has closed a $125 million U.S. Treasury guaranteed bond issue for Minneapolis-based Community Reinvestment Fund and Community Development Trust. The bond, one of three issued, will help provide low-cost capital to invest in affordable housing loans.
Yardi Joins Forces with The Home Depot to Offer Clients More Purchasing Options and Full Purchasing Control
Yardi® clients can now easily access thousands of The Home Depot® products either in store or online with a click of a button via the online procurement system offered with Yardi Procure to Pay™, a fully automated end-to-end procurement and invoice processing platform.
TODAY’S DEALS: Cityscape Residential Secures $82M for Three Midwest Developments
Cityscape Residential to build 670 units after securing financing; and Huntington Bank provides $90 million for two Pittsburgh mixed-use projects.
Auction.com Adds Mindy Heppberger as Chief Legal Officer
Auction.com LLC, an online real estate marketplace, announced the appointment of Mindy Heppberger as executive vice president and chief legal officer.
Kaweah Management Company and The Pacific Companies Develop 47-Unit Affordable Housing Community in Central California
Kaweah Management Company and The Pacific Companies has developed The Aspens, a 47-unit affordable housing community in the Central California town of Tulare, made possible thanks to a $6.4 million low-income housing tax credit equity by WNC.
Economy Watch: New Home Sales Drop in July
Sales of new single-family houses in July 2014 were at an annualized rate of 412,000 units, according to the Census Bureau and HUD.