Regions
ARA Marks 10-Year Milestone With Launch of Branding Enhancement
Atlanta-headquartered ARA, a privately held, full-service investment advisory brokerage firm, is marking the company’s 10-year anniversary with its recently unveiled new website.
New Boston Fund Sells 266-Unit Multifamily in Connecticut
New Boston Fund Inc. has sold Windshire Terrace, a 266-unit Class A apartment community in Middletown, Conn., to Fairfield Residential for a reported $27 million.
Economy Watch: Home Prices Up in Most MSAs
The National Association of Realtors reported on Monday that existing single-family home prices rose in 133 out of 152 U.S. metropolitan statistical areas, based on closings in the fourth quarter compared with same quarter in 2011, while 19 areas had price declines.
Altis at Kendall Square Wins Additional Financing
The multifamily development Altis at Kendall Square by the Altman Cos. took another step toward realization recently by obtaining mezz financing for construction of the property.
TODAY’S DEALS: Brookfield Acquires 19-Property Portfolio
Brookfield completes a $414 million portfolio buy; MG Properties Group acquires a 736-unit asset in Ontario, Calif.; and NorthMarq Capital arranges $20.2 million in combined acquisition mortgages from a bank.
NorSouth Development to Develop $16.25M Seniors Community
NorSouth Development announced it is starting construction on a $16.25 million seniors community called HearthSide Sugarloaf in Gwinnett County, Ga., the fifth HearthSide community in the metro Atlanta area since 2010.
IREM Kicks Off Year-Long 80th Anniversary Observance
The Institute of Real Estate Management recently launched a year-long observance of its 80th anniversary.
Greystar Doubles Down in the Northeast with Two Key Marketing Hires To Support Continued Growth
Greystar announced the hiring of Corinne Bolno and Christina Hershey, as marketing managers for its apartment portfolio in the Northeast.
SPECIAL REPORT: Fannie Mae Stresses Loan Quality, Risk-Sharing and Profitability for U.S. Taxpayers
Fannie Mae’s priority in 2013 will be to continue focusing on loan quality, said Jeffrey Hayward, senior vice president, head of the Multifamily Mortgage Business, Fannie Mae.
Phase I of Shippensburg University Housing Complete
The first phase of a development project to upgrade all on-campus residences at Shippensburg University in Shippensburg, Pa., is complete.