Regions
New Affordable/Market Rate Apartments Open in Suburban D.C.
The Galaxy, a new five-story, 195-unit rental apartment building in downtown Silver Spring, Md., has started accepting residents.
Insight Adds to Multifamily Portfolio with Silver Spring Purchase
Insight Property Group has purchased the U.S. Postal Service’s former Silver Spring Post Office site in Silver Spring, Md. The developer plans to start construction of the proposed 310-unit project in the fourth quarter of 2012.
MARKET SNAPSHOT: Multifamily Construction Takes Off in New Orleans, Aided by Boosts in Tourism and Job Growth
The Big Easy witnessed solid economic recovery and population growth in 2011, as 10,500 new jobs were added and the overall population grew by 2 percent.
TODAY’S DEALS: Berkadia Lands $27M for San Jose Assets
Berkadia originates $27.2 million for two San Jose assets; A Brooklyn condo hits the 90 percent sold mark; and Hendricks & Partners brokers the sale of a property in California.
Harlem Condos Successfully Selling
APEX Condominiums, a new luxury building in Harlem, N.Y., is 70 percent sold, according to RCG Longview, a real estate operating and investment management firm, and The Marketing Directors Inc., the marketing firm for the building.
First Westchester County Affordable Assisted Living Facility Opens
The Westchester Center for Independent & Assisted Living has opened in Yonkers as the first facility in Westchester County, N.Y., to offer an Medicaid-funded assisted living model of care to seniors, regardless of their income level.
Award-winning 40 Park Helping Transform Downtown Morristown
Four years ago, the former Epstein’s Department Store in downtown Morristown, N.J., was given new life as 40 Park, an upscale, mixed-use development featuring more than 200 luxury condominiums and rental residences.
Brookdale Senior Living Grabs Nine Properties for $121.3M
Brookdale Senior Living continues to expand its holdings by adding over a thousand units in one fell swoop.
TODAY'S DEALS: Jones Lang LaSalle Secures $98M Financing for Greystar
Jones Lang LaSalle lands $98 million in acquisition financing; KBS acquires a 196-unit asset near Chicago; and Beech Street Capital provides $12.5 million for 50 units in New Jersey.
Joint Venture to Develop Two Student Housing Communities
Sterling University Housing and Specialized Real Estate Group have partnered to build two student housing developments in walking distance of the University of Arkansas in Fayetteville, Ark.