Regions
Ground Broken on Southern L.A. County Affordable Housing
Work has started on Terracina Apartments, a new 72-unit apartment development in southern Los Angeles County.
Housing Partnership Equity Trust Launches with $100M in Funding for Affordable Communities
The Housing Partnership Equity Trust announced that it has raised $100 million. It will begin investing in multifamily communities in partnership with 12 high-performing nonprofit housing providers.
TODAY’S DEALS: Aragon Holdings Acquires Two Texas Assets
Aragon Holdings acquires two properties for $50 million; Centerline Capital facilitates an acquisition in Delaware; and GFI Realty sells an East Harlem apartment building.
The Community Preservation Corporation Announces New Members of the NYC Originations Team
The Community Preservation Corporation (CPC), a non-profit lender for affordable housing throughout New York State, announced today two new members of the New York City Originations team.
Apartment Community Breaks Ground in Ft. Lauderdale’s Flagler Village
Ground has been broken on a 331-unit mid-rise apartment development in downtown Ft. Lauderdale’s Flagler Village, according to the developer The Morgan Group.
Economy Watch: Modest Growth in 1Q, But at Least Its Growth
U.S. GDP starting expanding again during the first quarter of 2013 for a number of reasons, according to the Bureau of Economic Analysis.
New Annapolis Apartment Property Begins Leasing Effort
Leasing has started at Crosswinds, a midrise apartment development in Annapolis Towne Centre. A Bozzuto Group development near downtown Annapolis, the property will offer 215 units when completed this summer, with studio, and one- and two-bedroom apartment options.
Johnson Capital Expands as Colin Barnard Joins as VP in new Walnut Creek, Calif. Office
Johnson Capital, a national real estate capital advisory firm, announces that Colin Barnard has joined the firm as vice president in the company’s recently opened Walnut Creek office.
TODAY’S DEALS: The Morgan Group Breaks Ground in Fort Lauderdale
The Morgan Group begins a 331-unit asset; Beech Street Capital closes $17 million for a student housing portfolio in Alabama; and HFF closes on the sale of a 207-unit Upper West Side multi-housing property.
Eastern Union Funding Names Shai Romirowsky VP of Bethesda Office
Eastern Union Funding, a privately owned commercial mortgage company, has added Shai Romirowsky as vice president. He will be based in the company’s Bethesda, Md. office.