Regions
Arabtec Construction LLC Signs Contract to Build Europe’s Tallest Office Tower for Gazprom
In the Primorsky district of Saint Petersburg, Russia, the tallest office tower in Europe is set to be built as part of the Lakhta Center, a gigantic 3.5 million-square-foot mixed-use master-planned development.
DoubleTree by Hilton Opens Second Location in Romania
International hotel brand DoubleTree by Hilton has announced the opening of DoubleTree by Hilton Oradea, the second location of the brand in the Eastern-European country of Romania.
TODAY’S DEALS: Bozzuto Begins a Mixed-Use Project in D.C.
The Bozzuto Group breaks ground in D.C.; The Bascom Group completes its fourth Denver acquisition in 2012; and Pearlmark Real Estate closes a $7.9M mezzanine loan for new construction in Atlanta.
NorCal Seniors Housing Property Sells
Oakmont Gardens, a 163-unit independent living and assisted living property in Santa Rosa, north of San Francisco Bay, has traded hands for an undisclosed price.
MARKET SNAPSHOT: Vacancy Hits Lowest Level in Over a Decade in Kansas City
Submarkets across the Kansas City metro area posted substantially improved vacancies in the second quarter of 2012, some as low as 3.5 percent.
Boston Capital Invests in 70-unit Affordable Multifamily Development
Boston Capital is investing in the construction of Cheriton Heights Apartments, a 70-unit multifamily development for seniors in Boston’s West Roxbury neighborhood.
MBA Analysis Pegs 2011 Multifamily Lending at $110 Billion, Up 60 Percent From 2010
In 2011, 2,653 different multifamily lenders provided a total of $110.1 billion in new mortgages for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association.
Economy Watch: Apartment Vacancies, Absorption Both Edge Down
Reis Inc. reported on Wednesday that the national apartment vacancy rate was 4.6 percent during the third quarter, down a notch from 4.7 percent during the previous quarter.
New Apartments Underway in Suburban Philly
Madison Apartment Group has broken ground on Madison New Britain, a 232-unit apartment community in the Philadelphia suburb of Chalfont in Bucks County.
Salmanson Capital Acquires Student Housing Portfolio
Salmanson Capital has acquired a portfolio of off-campus student housing adjacent to Bethlehem’s Lehigh University for $15.23 million.