Regions
TODAY’S DEALS: What Does $250M Get You in Colorado?
Bell Partners buys one of Colorado’s largest apartment communities; MIG Real Estate grabs a 301-unit townhome asset in North Dallas; and Hunt Mortgage Group finances the acquisition of properties via Fannie Mae.
Condo Development Comes to Up-and-Coming NY Area
George Xu and Century Development are developing Liv@ Murray Park, a new 39-apartment condo development in Long Island City, with Modern Spaces acting as sales agent for the property.
Major Milestone Reached in New $45M Cadet Residence Hall
A flag-raising ceremony took place to celebrate a construction milestone in the building of the new Texas A&M Maritime Academy Residence Hall.
Economy Watch: Warnings of a New Recession?
This month’s CFNAI-MA3 is more evidence for the widely held notion that the economy slowed down during the first quarter and might not be speeding up now.
Alston Park Redevelopment Honored for Innovation, Wins LEED Gold
Alston Park, an affordable multifamily development in Cincinnati, has received the Ohio Conference of Community Development President’s Award for Innovative Practices.
Industry Veterans Launch Redwood Realty Advisors
Redwood Realty Advisors announced the launch of its new real estate brokerage and advisory firm. The team of brokers will focus exclusively on multifamily properties in New Jersey and New York.
Major Celebration as Residents Return to Renovated Apartments in Formerly Hazardous Building
An infamous Inwood, N.Y., building was severely destroyed and at risk of collapsing. As of Thursday, the major rehabilitation of 552 Academy Street in Inwood was officially completed.
BRIDGE Housing Opens First Los Angeles Property
Set on a 3-1/2-acre site on the north side of the Gardena High School campus, Sage Park Apartments will offer 90 affordable family apartments in a mix of one-, two- and three-bedroom floor plans.
Economy Watch: Water Crisis: Today California, Tomorrow Everywhere Else?
The rest of the nation should hope that California isn’t going to be a bellwether when it comes to a dire water shortage, but with the long-term prospect of a warmer and drier climate worldwide, it might be a good idea to at least pay attention to what’s going on in California as it tries to deal with its drought.
TODAY’S DEALS: KeyBank Secures Delaware Acquisition Financing
KeyBank lands a $20.4 million Fannie acquisition loan; Greysteel closes a 16-unit sale in Washington, D.C.; and Essex Realty brokers the sale of a six-unit building for $805,000.