Regions
MARKET SNAPSHOT: Apartment Demand Falls in Memphis, Causing Vacancy Rate to Flatline
In a market that has not been too friendly to multifamily over the past decade, demand in 2011 ticked slightly downward from a record-breaking performance of 1,149 unit absorptions in 2010.
California Apartments Being Renovated to Attract Students
Work is under way on the renovation of the Grove, an 80-unit apartment property in Davis.
TODAY’S DEALS: AIG Lands $37.2M for 379-Unit Tampa Asset
AIG Global Real Estate finances a Class A property; Walker & Dunlop provides $74.4 million to a 634-unit asset; and KeyBank Real Estate Capital closes a $15.8 million loan through Freddie Mac’s Capital Markets Execution program for a Class A property.
Stavrou to Build Townhomes in South Baltimore
By Adrian Maties, Associate Editor After nearly five years without any new towhnhome construction, the South Baltimore townhome market seems to be coming back to life. Steve Strohecker broke ground a few weeks ago on a four-townhome project. He is now followed by Annapolis-based Stavrou whose project will bring 10 luxury townhomes to South Baltimore. […]
Brooklyn to Get Hotel and Condos in One Community
Recently, Toll Brothers City Living and Starwood Capital Group announced that they have been selected to develop a luxury and eco-friendly hotel called 1 Hotel, and condominium community at the Brooklyn Bridge Park.
CNL Healthcare Trust, Sunrise Senior Living Form JV
CNL Healthcare Trust Inc. and Sunrise Senior Living Inc. have formed a joint venture to own seven seniors housing properties.
TODAY’S DEALS: Dickinson Moves Ahead with $65M Project
A mixed-use project gets the green light; Venture West arranges a $10.1 million acquisition loan; and ARA represents the buyer in the acquisition of a 4.18-acre site in a master-planned community.
San Jose’s Cypress Gardens Re-opens Thanks to HACSC
The Housing Authority of the County of Santa Clara has rehabilitated and upgraded the 125-unit senior citizen housing community, Cypress Gardens, in San Jose, Calif., thanks to a creative partnering of public and private parties.
TODAY’S DEALS: CBRE Purchases 350-Unit Asset in Colorado
CBRE Global Investors buys a 350-unit asset; Kennedy Wilson acquires a SoCal property for $43.7 million; and investors show high level of interest in a Transwestern-brokered Dallas property sale.
$22 Million Investment for Boston Transit-Oriented Development
Tremont Realty Capital, a national real estate investment and advisory firm, recently secured funding for the acquisition and development of Metro at Wilmington Station.