Regions
Affordable Housing for People with Special Needs Coming to Wallkill, N.Y.
The Community Preservation Corporation, a not-for-profit mortgage lender financing multifamily development throughout New York, has closed on a $7.95 million construction loan to develop Sunrise Apartments in the town of Wallkill, N.Y.
Economy Watch: U.S. Sees July Rise in Job Creation
The U.S. economy created 163,000 jobs in July, according to the Bureau of Labor Statistics on Friday.
TODAY'S DEALS: BPG Completes $20M Disposition
BPG sells a 424-unit asset; BH Properties buys a community in Phoenix for $7.3 million; and Boston Capital invests in multifamily developments in New York.
New Affordable Housing Community for Seniors Opens in D.C.
Banc of America Community Development Corp. and Victory Housing Inc. recently celebrated the opening of Victory Square, an affordable housing development for seniors in Washington, D.C.
Advenir Enters Orlando Market With $27.1 Million Apartment Community Purchase
Advenir, a provider of multifamily real estate investment and management services, purchased a 308-unit community located in the upscale Waterford Lakes submarket of Orlando for $27.1 million and rebranded it as Advenir at Polos East.
MARKET SNAPSHOT: Rents at Record Highs Prior to New Wave of Construction in Minneapolis
As many continue to have reservations about entering the single-family market, apartment demand has boomed in the Minneapolis/St. Paul metro area, with the overall Q3 2012 vacancy rate coming in at 2.4 percent.
Russian Residential Developer Has a Full Plate
An experienced Moscow-based residential development firm, PIK Group, has recently launched sales for a new centrally located project.
Economy Watch: Fed Holds Off on Stimulus for Now
Will the Fed try to stimulate the economy more or not? Is QE3 in the immediate future? The answer to those questions at the end of the latest meeting of the Federal Open Market Committee on Wednesday was “not yet.”
Dallas Investor Buys Suburban Fort Worth Apartments
Hayman Woods LLC has completed, though a subsidiary, its acquisition of Bellagio at Beach Street, a 398-unit multifamily property in Haltom City, Texas.
TODAY'S DEALS: Morgan Properties Grabs 558-Unit Asset
Morgan Properties buys a property for $27.4 million; Beech Street Closes a $10.5 million Fannie Mae conventional loan; and NorthMarq arranges $21.3 million in interest-only, six-year loans through a life insurance company.