Regions
Sunny Forecast for Housing Market
Housing figures released by Florida Realtors reveal a nice climate for Sunshine State housing.
Economy Watch: Case-Shiller Sees Another Monthly Uptick
The S&P/Case-Shiller monthly Home Price Indices for May (three-month averages of March, April and May), which were released on Tuesday, showed month-over-month increases for both the 10- and 20-city composites. In fact, both were up 2.2 percent.
Success of New Community Attributed to Appealing to Families
Resmark Apartment Living, a division of The Resmark Companies, announced it is 52 percent leased on the first 80 units at Union Place since opening in mid-March.
TODAY’S DEALS: Security Properties Buys Portland Asset
Security Properties makes a value-add play; HFF lands construction financing and joint venture equity for a Virginia mixed-use development; and Advenir acquires an apartment property in an upscale submarket of Orlando, Fla. for $27.1 million.
AFL-CIO Housing Investment Trust Gives $41 Million for New St. Paul Mixed-Use Development
The AFL-CIO Housing Investment Trust has committed $41 million of union pension capital to help finance the Penfield, a $62 million mixed-use development in downtown St. Paul.
Florida Multifamily Markets Hotter Than Most
Most multifamily rental markets are tight these days, but the metro markets of Florida have been doing especially well, according to the most recent report on the state by Apartment Realty Advisors Florida.
D.C. Affordable Seniors Housing Completes Renovation
The redevelopment of the Paul Laurence Dunbar Apartments has been completed. The 171-unit seniors housing property, formerly called the Campbell Heights Apartments, is a 40-year-old building on 15th Street NW in the District of Columbia.
$3M Renovation of Las Vegas Building Proves Lucky for Investor
iStar Residential recently invested $3 million in a redesign of The Martin in Las Vegas, and in the four months since the building’s relaunch, sales have risen by 300 percent.
TODAY’S DEALS: Archon Group Executes 1,164-unit Purchase
Archon Group closes on a large portfolio; Charles Dunn Co. brokers the sale of an entitled land parcel in Huntington Beach, Calif.; and Meridian Capital Group negotiates $72.8 million in financings in New York and boroughs.
Luxury Rental Community Breaks Ground in Chicago Suburb
The leafy Chicago commuter suburb of Wheaton is not one of the first places folks would associate with rental housing. Not by a long shot.