Regions
Economy Watch: Homebuilders Still Optimistic, Says NAHB
During the worst of the recession, the confidence of homebuilders nationwide was absolutely crushed. But homebuilders finally reached a more optimistic frame of mind.
Building Seniors Housing in Partnership with Churches
Omega Communities, a seniors housing developer, has broken ground on Fountains of Hope, an assisted living and memory-care property in Sarasota.
TODAY’S DEALS: Capital One Multifamily Closes $63.3M Freddie Mac Acquisition Loan
Capital One Multifamily Finance provides a 10-year fixed-rate loan for the acquisition of Artessa at Quarry Village; and a Berkshire Group affiliate purchases a Class-A property in Oakland, Calif.
MG Properties Acquires Luxury Community
MG Properties Group announced the acquisition of Tuscany Ridge Apartments in Temecula, Calif.
$25.2M Affordable Community to Open in Texas
AMTE is developing 160 units of affordable housing in Fort Worth, Texas. Construction is set to begin in spring 2015 on Avondale Apartments, valued at $25.2 million.
Greysteel Announces Promotion
The executive committee of Greysteel is promoting W. Kyle Tangney to the position of senior director.
Creating a ‘Significant Cultural Landmark’
A joint venture between CMC Group and the Capital Group have begun the conversion of reservations to contracts for Brickell Flatiron, a 64-story slender glass tower luxury condominium development in downtown Miami.
Economy Watch: A Strong Year for the Hotel Industry
This year is going to be another good year for the U.S. hotel industry, even better than the strong 2014, according to recent predictions from various sources, including the most recent TravelClick North American Hospitality Review (NAHR) and PKF Hospitality Research (a CBRE company).
TGM Expands in Connecticut
TGM Associates has acquired Avalon on Stamford Harbor, a waterfront property in Stamford, Conn., that includes two mid-rise apartment buildings for an unspecified price.
Record-Setting Sale Announced for Chicago Apartment
Related Midwest announced the sale of OneEleven Apartment Tower located at 111 W. Wacker Dr. in Chicago, which sold for over $328 million to Heitman.