Regions
LYND Buys Houston Value-Add Apartments
Lynd Residential Properties, the multifamily investment vehicle of LYND, has acquired the Limestone apartment complex in the Briar Forest-Ashwood submarket of Houston. The buyer paid an unspecified price in an off-market transaction.
Southeast Apartment Parners Rebrands as Multi Housing Advisors, Announces New Hires
After a decade of operation and the brokerage of more than 60,000 apartment units, the newly renamed Multi Housing Advisors LLC (MHA) is expanding into new markets and making significant hires. The firm was previously known as Southeast Apartment Partners.
TODAY’S DEALS: Insight Breaks Ground on 310-Unit Maryland Asset
Insight Property Group begins its Silver Spring development; Beech Street closes $32.5 million for a four-property acquisition; and CBRE HMF originates its first two loans under HUD’s LIHC pilot program.
SPECIAL REPORT: Liquidity Returns to Commercial Real Estate
The commercial real estate financing industry cautiously greeted the rapid return of liquidity into the sector during the Mortgage Bankers Association’s (MBA) 2013 Commercial Real Estate Finance/Multifamily Housing Convention & Expo.
Construction Slated to Begin on $148M Joint Venture
Construction will begin later this year on a $148 million luxury community in Evanston, Ill. The project, which was recently approved by the Evanston City Council, was proposed by a joint venture between developers Fifield Cos. and Carroll Properties.
Multi Corporation Investing Big in Turkish Retail Market
In preparation for the upcoming MIPIM, Multi Corporation has arranged a presentation including its ramped up investments in the Turkish retail market.
Builder Confidence in the 55+ Housing Market Ends Year on a Positive Note
Builder confidence in the 55+ housing market for single-family homes showed continued improvement in the fourth quarter of 2012 compared to the same period a year ago, according to the National Association of Home Builders’ latest 55+ Housing Market Index.
Affirmed Housing Developing 40-Unit Affordable Housing Community
Affirmed Housing is developing Arbor Green Apartments, a planned three-story, 40-unit affordable housing community in Carson, Calif.
RioCan to Acquire Regional Malls in Oakville and Burlington by April
RioCan Real Estate Investment Trust has entered into a conditional agreement with Primaris Retail REIT to acquire two regional shopping malls in the Greater Toronto Area for a combined gross purchase price of approximately $362 million.
MARKET SNAPSHOT: Economy in Colorado Springs Contracts due to 2012 Wildfire
After the historic wildfire that destroyed 347 homes and burned around 18,000 acres of land, the Colorado Springs MSA is still reeling from the impact.