Regions
Condo Convertor Offers Deep Discounts on Chicago Property
Chicago–Condo sales and prices were down in 2010. American Invsco is temporarily knocking half the price off units in one of its properties.
$74M Mixed-Use Project Will Combine Grocery and Residential
Alexandria, Va.–Buchanan Partners and The Pinkard Group have joined forces to develop a $74 million mixed-use residential property with ground-level retail.
TODAY’S DEALS: Granbridge Closes $31.9M Mortgage Secured by 352-Unit Property
Granbridge closes $31.9 million first mortgage; CBRE sells a 304-unit student-housing community; and HFF closes sale of suburban apartment property.
The Federal Debate over Spending Cuts
Preserving the Low-Income Housing Tax Credit is just one of several high-priority issues to watch.
NYC and N.J. Returning to Pre-Recession Levels
Manhattan’s outer boroughs and Northern New Jersey see upside potential in high barrier-to-entry locations.
Rising Trend in Multi-Generational Household Formations in N.J.
Manahawkin, N.J.–In New Jersey, the cohabitation among generations has expanded in scope to encompass multiple generations, according to BD Movers.
HIT Invests $42M in St. Louis-Area Multifamily
St. Louis–The AFL-CIO Housing Investment Trust has provided nearly $42 million in financing for two multifamily developments in greater St. Louis.
TODAY’S DEALS: HFF Closes Sale of West Houston Community
HFF closes sale on Houston community; Boston Capital invests in Virginia affordable multifamily; and Jones Lang LaSalle markets an apartment property in Washington state.
Change in Renter Habits Emerging with Change in Economy
Chicago–As the economy inches toward some semblance of health, new trends are emerging among the renter population, including a lot of renters planning to move.
TODAY’S DEALS: Foursquare Foundation Breaks Ground on $10M Senior Living Community
The Foursquare Foundation breaks ground on a $10 million senior living community; IPA brokers the sale of a 343-unit multifamily property; and Hendricks & Partners brokers an apartment sale.