Regions
Austin Property Wins NAA Community of the Year Designation
The National Apartment Association tapped Gables Park Plaza in Austin as its Paragon Community of the Year at the NAA Education Conference & Exposition in Boston.
CDT Teams with LINC Housing Corporation on Purchase Affordable Housing Development in Fresno
The Community Development Trust has partnered with LINC Housing Corporation, a Long Beach-based nonprofit builder of affordable housing for low-income families, seniors, and people with special needs, to purchase a 60-unit affordable housing development in Fresno, Calif.
Oracle Signs 200,000 SF Lease at Under-Construction Office Park in Romanian Capital
With CEO Larry Ellison putting the finishing touches on his Hawaiian island acquisition, Oracle has not put its international expansion on the back burner.
SPECIAL REPORT: Colorado Wildfire Evacuees Find Opportunities for Temporary Housing
One resource that has already been of tremendous help is a one-stop-shop database specifically designed to connect evacuees to property management companies offering special deals.
Suburban Twin Cities Apartments Sells for $22.7M
Newport on Seven, a 167-unit apartment property in suburban Minneapolis, has traded hands for about $22.7 million, or over $136,000 per unit.
TODAY’S DEALS: Trammel Crow Starts Second Phase of Austin TOD
Trammel Crow begins a 246-unit asset; The Morgan Group breaks ground on a project in Jacksonville, Fla.; and NorthMarq Capital arranges a $35 million payoff of tax-exempt bonds.
MHN Interview: Madison Apartment Group’s Strategy to Appeal to Gen Y Renters
Madison Apartment Group LP, the multifamily area of BPG Properties Ltd., recently rebranded their website to appeal to Gen Y renters.
Financing in Place for Denver Rental Property Acquisition, Rehab
Los Angeles-based commercial real estate investment banking firm George Smith Partners has arranged financing to permit its client Bruckal Properties Inc. to acquire and rehabilitate the high-rise Wellshire Arms Apartments, a rental community situated on South Colorado Blvd. in Denver.
TODAY’S DEALS: $45M Workforce Housing Community Opens in Florida
A 300-unit workforce housing project opens strong in Florida; HFF secures a $47.8 million three-year ARM through bank; and Newmark Grubb Knight Frank closes a $3.4 million bank-owned sale.
Chance Partners Teams with Carlyle Group on Mixed-Use Development at FSU
Chance Partners LLC and The Carlyle Group have begun construction on the Catalyst, a mixed-use development that sits a few blocks from Florida State University.