Regions
DEAL OF THE DAY: Boston Capital Invests in Affordable Development in San Diego
San Diego–Boston Capital invested in the construction of City View Apartments, a to-be-built, 31-unit multifamily development for families located in San Diego.
SDCAA Honors H.G. Fenton with Excellence Awards
San Diego, Calif.–H. G. Fenton walked away with 25 Mark of Excellence awards at the San Diego County Apartment Association’s ceremony.
DEAL OF THE DAY: CBRE Brokers $9.5M Value-Add Transaction in D.C. Area
Oxon Hill, Md.–CB Richard Ellis arranged the sale of Azalea Woods, a 305-unit apartment community located at 1101 Kennebec Street.
Wood Partners Completes Alta Hollywood Apartments
Los Angeles–Alta Hollywood, a 218-unit luxury multifamily development, has opened its third and final building for lease.
DEAL OF THE DAY: Donaldson Group and Equity Partner Buy Value-Add Opportunity from Tarragon
Temple Hills, Md.–The Donaldson Group and Angelo, Gordon & Co. acquired a 459-unit apartment community in Temple Hills, Md. for $38 million in an all-cash transaction.
Peterson and Bozzuto Partner for First National Harbor Apartments
Washington, DC–With the joint venture of The Peterson Companies and The Bozzuto Group, National Harbor will have its first apartment community.
Bill Introduced to Add LGBT Protection to Fair Housing Act
Washington, DC–House Democrats introduced the Housing Opportunities Made Equal (HOME) Act last week, which seeks to modify the Fair Housing Act and extend federal civil rights protections.
Stimulus Funds Help Kick Off Affordable Senior Housing Project
Waukegan, Ill.–The assistance of federal stimulus funds allowed Banner Apartments to begin constructing The Residences at Fountain Square outside Chicago.
DEAL OF THE DAY: NorthMarq Arranges $37M Mortgage for Two Phases of Apartment Project
Overland Park, Kan.–NorthMarq Capital has arranged first mortgage financing of $37 million for Stonepost Apartments.