Regions
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.
Plans for The Curtis’ Residential Space in Philly Unveiled
Plans for The Curtis, which is a downtown Philadelphia apartment development by Keystone Property Group and Mack-Cali, have been made public.
HSL Acquires Arizona’s Tallest Residential Tower
HSL 44 Monroe got its hands on a controlling interest in Arizona’s tallest luxury residential tower through a $50.65 million purchase.
Victory Flats at Elmonica Station on Track
Starting today, the doors will swing open to residents at the newly built Victory Flats at Elmonica Station in Beaverton, Ore.
Economy Watch: Growth in the Euro Zone Might Benefit US Real Estate
Ahead of the spring meetings of the International Monetary Fund and World Bank in Washington this weekend, the IMF released its World Economic Outlook and the Global Financial Stability Report.
Campus Apartments and Clarion Form Student Housing Fund
Campus Apartments and Clarion Partners have closed Campus-Clarion Student Housing Partners, a close-end investment vehicle.
TODAY’S DEALS: HSL Grabs Arizona’s Tallest Residential Tower
Southern Arizona’s largest apartment acquires the state’s tallest residential tower; Capital Senior Living buys a senior housing asset in Texas; and Hunt Mortgage refinances a 56-unit property for $3.73 million.
Tishman Speyer Secures $241M in Development Financing for Upcoming Expansion in Frankfurt
North German lender HSH Nordbank is providing a credit facility in the amount of €228 million (approximately $241 million) to U.S.-based property developer and investor Tishman Speyer for the construction of a mixed-use high-rise in Frankfurt’s financial district.