Regions
TF Cornerstone Finding Great Interest in New Long Island City Community
In just five weeks on the market, Manhattan-based TF Cornerstone’s newest residential tower located at 4540 Center Boulevard is already close to 60 percent leased.
MARKET SNAPSHOT: Vacancy Falls to Lowest Level in Six Years in Houston
As employment surged by levels not seen in four years, the overall vacancy rate for the Houston metro area dipped to 11.3 percent—the lowest level since 2006.
Jazz-Age LA Office Building Becomes Digital-Age LA Apartments
Construction has been completed on the redevelopment of the Roosevelt, a vintage 1920s office building in downtown Los Angeles. The property is now the Roosevelt Lofts, a 222-unit apartment complex.
TODAY’S DEALS: Post Properties Acquires Charlotte Asset for $74M
Post Properties buys a 360-unit asset; MAA completes the acquisition of a community in Atlanta; and NorthMarq arranges a $29 million three-year interest-only construction loan through a regional bank.
TODAY’S DEALS: George Smith Partners Arranges $105M in Construction Financing
George Smith Partners arranged $105 million in construction financing for two new multifamily developments in the Inland Empire region of California; Panther Properties completes a $30.8 million purchase; and Essex buys a 276-unit asset.
UDR Closes $297.7M Multi-State Apartment Portfolio Sale
The UDR Multi-State Portfolio sale, which was inked earlier this year, has been finalized.
Picerne Military Housing Expands into the Student Housing Market
Picerne Military Housing, announced today that it is expanding to the student housing market with the launch of a new parent company called Corvias Group, and a new student housing division called Corvias Campus Living.
University of Texas Study Uncovers Significant Projected Gap between Actual Water Costs and Subsidies Provided to Low-Income Housing Residents
NWP Services Corporation (NWP), in collaboration with the McCombs School of Business at The University of Texas at Austin, recently released the results of an MBA-student study exploring a wide range of water management, cost and conservation issues.
Unithree Completes $12M Rehab of Staten Island Affordable Housing Development
Unithree Investment Corp. has completed a $12 million improvement program on the Parkhill Affordable Housing Complex in Staten Island.
New Affordable Housing Opens in Bed-Stuy
Madison Putnam, a new 48-unit affordable housing development in the Bedford-Stuyvesant section of Brooklyn, N.Y., has opened.