Regions
New Bill Addresses California Affordable Housing Crisis
With government funding reaching new nadirs and the housing market yet to sort itself out, both renters and would-be homeowners face hurdles finding affordable housing. The problem is likely even worse in California than it is nationally.
NYC Financial District's Apartment Market Tighter Now Than in '06
Who’s got the upper hand when it comes to renting an apartment in New York’s Financial District? According to a report by Platinum Properties, these days the landlord does.
TODAY'S DEALS: MG Properties Buys Reno Asset for $27 Million
MG Properties Group buys a 324-unit asset in Reno, Nev.; FHLBank awards affordable housing grants for 59 projects; and Madison Realty acquires $28.7 million in non- and sub-performing loans.
North Hollywood Apartments Sell for $74M
UBS Inc. has purchased NoHo-14, a 180-unit apartment complex in the North Hollywood Arts District of Los Angeles’ San Fernando Valley.
Strong Fundamentals Lead to Solid Manhattan Investment Sales
A new report by Ariel Property Advisors reveals that in 2011, strong fundamentals backed up investment sales in northern Manhattan.
MARKET SNAPSHOT: Minneapolis Maintains Status as Growth Leader in Employment and Occupancy
The Twin Cities is continuing to witness exceptionally low unemployment and vacancy as compared to the rest of the country.
Private Equity Group Tryko Expands in Baltimore
Private equity real estate group Tryko Partners LLC has expanded its presence in the Baltimore multifamily market with the purchase of Park Raven, a 253-unit community.
TODAY'S DEALS: Bascom Buys California Asset for $20.4M
The Bascom Group acquires a 128-unit community; and Walker & Dunlop provides a $7.5 million financing under Fannie Mae’s early rate-lock program.
Ground Broken for Downtown Phoenix Student Housing
EdR and Concord Eastridge have inked a deal to develop a $52 million student housing property adjacent to the Phoenix Biomedical Campus, which includes the University of Arizona School of Medicine and the College of Pharmacy.
CNL Lifestyle Properties to Acquire Georgia Assisted Living Communities
Orlando real estate investment trust CNL Lifestyle Properties, Inc. announced last week its intention to acquire four Atlanta-area assisted living communities from current owner Solomon Holdings III Dogwood Four LLC, Orlando.