Regions
Adding Value to University-Adjacent Apartments
Greenzang Properties has acquired the Rosamond Apartments and Chester Arms Apartments, two apartment buildings totaling 92 units located on Chester Ave. in Philadelphia, for $6.275 million.
Economy Watch: When Will Interest Rates Rise?
The monetary policy question of the year is: When are interest rates, so low now, going to be a little higher?
Former NBA Star and Partner Develop South Florida Affordable Housing
AM Affordable Housing and Housing Trust Group, a residential developer in Florida and other places, have closed on the financing of Courtside Family Apartments. The property is a new 84-unit affordable housing development in Miami’s Overtown neighborhood. Former Miami Heat basketball star Alonzo Mourning is the director of AM.
New St. Regis Flagship Hotel Debuts in Istanbul
Starwood Hotels & Resorts unveiled the latest addition to its international St. Regis Hotels & Resorts portfolio.
TODAY’S DEALS: Construction Loan Kicks Off Second Phase of Tacoma Mixed-Use Development
HFF secures construction financing for a Puget Sound project; KeyBank provides a permanent loan for newly built Ohio asset; and ConAm acquires a value-add property within Denver’s largest employment center.
An Apartment with an Exoskeleton
Equity Residential’s new 20-story tower, 170 Amsterdam, is about to begin leasing on Manhattan’s Upper West Side. The luxury rental building features an artistic, Handel Architects-designed exoskeleton.
Economy Watch: Apartment Absorption Outruns Construction
The development of new apartments nationwide has been nothing if not brisk since the end of the recession, but it does have its ups and downs.
New Project Maintains Affordable Housing for Chicago’s Northtown
Affordable housing developer Vitus Group recently acquired Evergreen Terrace Apartments.
Trammell Crow to Develop Apartments in Maryland
Financing is now in place for Trammell Crow Residential’s development of Alexan Concorde Circle, a 310-unit apartment property in Linthicum, Md.
TODAY’S DEALS: Steadfast Adds 643 Units to Portfolio
Steadfast Apartment REIT expands in the Midwest; a historic Rhode Island community trades hands for $31.8 million; and Red Mortgage Capital executes HUD refinancing of bridge loan.