Regions
TODAY’S DEALS: IPA Brokers $19M California Property Sale at $204 Per Square Foot
IPA arranged the sale of Il Pompeii Apartments, a 111-unit luxury apartment community; and Jason Cohen Pittsburgh sells a property at a 350 percent premium.
Beal Derkenne Construction to Build Arizona Student Housing Community
Beal Derkenne Construction has started construction on Park Avenue, in Tucson, Ariz.
Economy Watch: Existing Home Sale Dip
Total U.S. existing home sales dropped 0.6 percent to an annualized rate of 4.92 million units in March from 4.95 million units in February, according to the National Association of Realtors.
Enterprise Community Partners, Inc. Announces New Co-Chair of the Enterprise New York Advisory Board
Enterprise Community Partners, Inc. announced today the election of Todd A. Gomez, Community Development Banking (CDB) Northeast Region Executive at Bank of America Merrill Lynch, to join David Cavalier as co-chair of the Enterprise New York Advisory Board.
JV Buys Student Housing Property in South Georgia
Innovative Student Housing and Harrison Street Real Estate Capital have formed a joint venture to acquire College Station at Valdosta, a student housing property.
Construction Begins on $7.2M Connecticut Affordable Housing Community
Construction has started on Gini’s House, a $7.2 million affordable supportive housing development in Norwalk, Conn., that will include 18 one- and two-bedroom apartments.
TODAY’S DEALS: Guardian Sells Seattle-Area Asset for $24.3M
A 174-unit in a Seattle suburb trades hands; ARA brokers the sale of two communities in Boulder, Colo.; and Colliers arranges a $2.35 million sale of a property at $106,818 per unit.
Yardi Europe Confirms INREV Membership
Yardi Systems Inc., a developer of software solutions for the real estate investment, asset and property management industry announced its membership in INREV, the Netherlands-based organisation for Investors in Non-listed Real Estate Vehicles.
Economy Watch: Most States See Unemployment Dip in March
The Bureau of Labor Statistics reported on Friday that in March 26 states and D.C. enjoyed unemployment rate decreases, seven states suffered increases and 17 states had no change.
Joint Venture to Construct 336-Unit Luxury Houston Community
In a joint venture, Simpson Housing, Novare Group, Batson-Cook Development Company and Peter W. Dienna broke ground on a 336-unit community in Houston.