Regions
Emporis Skyscraper Award 2012 Goes to Canada’s Absolute World Condominium Complex
The Absolute World residential towers in the Toronto suburb of Mississauga have garnered the prestigious Emporis Skyscraper Award, one of the most highly regarded prizes for high-rise architecture.
Korea Land & Housing Corp. to Develop South Korean Skyscraper
Infinity Tower, a new skyscraper in Seoul, South Korea, will be developed with the backing of state-owned developer, Korea Land & Housing Corporation, according to World Property Channel.
Greystar to Acquire Portfolio of Student Housing Assets in the United Kingdom
Greystar Real Estate Partners announced that the company, in partnership with Goldman Sachs, has entered into an agreement to purchase a portfolio of UK student housing assets out of the bankruptcy administration proceedings for the Opal Property Group.
Bascom Group Acquires Northwest Las Vegas Property
The Bascom Group has acquired Broadstone Montecito, a 336-unit, Class-A, garden style community in Las Vegas.
Bosa Development to Sell 350 Residences at Insignia Development in Seattle
Residences in the Northwest’s largest condo development, Insignia, are now on the market after Bosa Development kicked off the sales for its first 350 units to potential buyers from its Sales Center in Seattle last weekend.
Economy Watch: Pending Home Sales Edge Down
According to the National Association of Realtors, the Pending Home Sales Index, a forward-looking indicator based on contract signings (but not closings), dropped to 107.7 in August from a downwardly revised 109.4 in July.
CAF Capital Partners Buys Suburban Fort Worth Apartments
Dallas-based CAF Capital Partners has purchased Cross Creek at Grapevine Ranch in the Fort Worth suburb of Grapevine for an undisclosed sum from Irvine, Calif.-based Granite Investment Group. The 392-unit property is 95 percent leased.
TODAY’S DEALS: RADCO Acquires 982-Unit Apartment in Atlanta
The RADCO Companies completes a $39.6 million distressed acquisition; Trade Street Residential acquires a 208-unit apartment community in Charlotte; and Johnson Capital arranges a $2.86 million acquisition loan.
NWP Introduces New Resident Web Services Portal
NWP Services Corporation (NWP), a provider of utility cost recovery and energy management solutions for the multifamily industry, has released a new portal experience for residents designed for ease of use and convenience when viewing bill information and remitting payments on www.nwpresident.com.
Centerline Facilitates a $44M, Nine-Property Multifamily Portfolio Sale in Houston & Dallas
Centerline Capital Group has provided nine conventional Freddie Mac loans, totaling approximately $44 million, to enable the acquisition of nine multifamily properties, totaling 2,150 units, located in Houston and Dallas.