Regions
Developer Wins Funding For Remake of N.C. Industrial Properties into Affordable Housing
The Landmark Group has secured funding for the acquisition and adaptive reuse of two historic former mills in downtown Asheboro, N.C.
TODAY'S DEALS: Insight Buys Post Office, Plans 310-Unit Development
Insight Property Group buys a post office and plans a $75 million development; ARA sells a 600-bed asset serving North Carolina State University; and NorthMarq arranges a $20.2 million refi for a Chicago property at sub-4 percent interest rate.
Award-Winning Seniors Community Highlights Importance of Accessibility
KTGY Group Inc., Architecture + Planning, announced their new community Foursquare Senior Living in Portland, Ore., which is expected to commence construction in the spring of 2012.
Florida Condo Sales, Prices Edge Up in Fourth Quarter
Florida Realtors reports that existing condo sales in the state were up 4 percent in the fourth quarter of 2011, compared with the same period a year earlier.
Renters Show 'Tremendous Response' to Phase One at 25 Broad
Real estate investment and development company LCOR announced that Phase One at 25 Broad, comprising 209 of the planned 307 units, is 70 percent leased.
TODAY'S DEALS: Behringer Harvard Sells 408-Unit Property in Florida
Behringer Harvard completes a 408-unit disposition; and Affirmed Housing breaks ground on the second phase of a California development.
Riverstone Residential Group Announces Three Key Leadership Promotions
Riverstone Residential Group, a privately owned, third-party multifamily property management company, announced three key leadership promotions in the company’s client services group and west division.
Bridge Housing Buys Site in Marin County for Affordable Multifamily
Bridge Housing Corp., one of California’s largest nonprofit developers and owners of affordable housing, has bought a 3.5-acre site in unincorporated Marin County. The company plans an affordable housing development for the site.
First NorSouth HearthSide Senior Community South of Atlanta
Groundbreaking is expected to take place this summer on HearthSide Peachtree City, a new moderately priced, amenity-rich senior living community from Atlanta’s NorSouth Development.
Orange County Condo Property Successfully Reinvented as Upscale Apartments
Renters in Irvine, Calif., are clearly keen on upscale accommodations, as evidenced by the latest news at a luxury multifamily property built by Lennar and Intergulf Development Group in 2010.