Regions
Condo Construction Financing Making a Slow but Steady Comeback in Miami
The recent recession hit the real estate industry hard. Miami’s multifamily residential construction scene was no exception; however, the condo market is beginning to bounce back.
Economy Watch: Existing Home Sales Edge Up
Total existing U.S. home sales rose 1.5 percent to an annualized rate of 5.26 million units in October from 5.18 million in September, the National Association of Realtors reported.
M.V. Partners Opens New Seniors Apartments in Costa Mesa
Azulón at Mesa Verde, a 215-unit, market-rate seniors housing development, is now open in Costa Mesa with nearly 70 apartments occupied. Locally based M.V. Partners developed the “resort-inspired” project for renters over 55.
TODAY’S DEALS: Olympus Property Acquires Luxury Adaptive Reuse High-Rise in Downtown Dallas
A 440-unit high-rise in Dallas trades hands; Domain Acquisitions and BH Equities acquire 672 units in North Phoenix; and NorthMarq Capital secures $103.7 million in Freddie Mac refinancings to take out bank loans.
NAHB Announces Best of 50+ Housing Awards Finalists
The National Association of Home Builders has announced the finalists for NAHB’s 2015 Best of 50+ Housing Awards, the premier design and marketing competition for the 50+ housing industry.
Nancy Ruddy Named to Board of Newman Real Estate Institute
Nancy J. Ruddy, cofounder and managing principal of the award-winning global architecture and design firm CetraRuddy, has been named to the board of the Steven L. Newman Real Estate Institute in New York.
Goodman Group Operations in Japan Are Thriving as Company’s Local Developments Are On-Schedule
Goodman’s undertakings in the Japanese market are all reportedly on track according to plan. The company has already completed a project this month, with two other developments set to come online very soon.
KSK Land and Kempinski to Manage 8 Conlay Mixed-Use Development in Kuala Lumpur
Kempinski Hotels, Europe’s oldest luxury hotel group, and KSK Land Sdn Bhd, a subsidiary of KSK Group Berhad recently announced the signing of a management agreement for the upscale 8 Conlay mixed-use development in Kuala Lumpur, Malaysia.
Starpoint Acquires West Covina MF for $51.7M
StarPoint Properties has acquired Lafayette Parc Apartments, a 236,000-square-foot property comprised of 259 units in West Covina, Calif., for $51.75 million.
On-Site Launches Enhanced Online Renewals
Online leasing software provider On-Site.com announced their enhanced Online Renewals.