Regions
LDG Development Breaks Ground on 433-Unit Affordable Housing Community in Austin
LDG Development has broken ground on The Pointe at Ben White and The Villages at Ben White, a 433-unit neighborhood with garden-style apartment homes in Austin, Texas, designed for working families and those 55 and older earning 60 percent of Austin’s area media income.
Economy Watch: Mortgage Delinquencies Edge Up, Foreclosures Down
Black Knight Financial Services reported in its latest Mortgage Monitor that 5.9 percent of U.S. mortgages were delinquent in August, up from 5.64 percent in July.
Akara Ready to Start Work on New Chicago Condos
Akara Partners, a locally based developer, is on the verge of breaking ground on 100 W. Huron St. in Chicago’s River North neighborhood, just north of downtown Chicago.
TRI Pointe to Build 255 Homes at Alameda Landing
TRI Pointe Homes has announced that sales have commenced on homes at two of the three neighborhoods in the planned redevelopment of 72 acres at Alameda Landing—a section of land formerly owned by the U.S. Navy located a few miles south of Oakland.
TODAY’S DEALS: Clarion Partners Completes 246-Unit Sale in Fairfax, Va.
ARA brokers Clarion Partners’ sale of a 246-unit asset; and First Premier Equity completes a 132-unit acquisition in Illinois.
Blue Ridge Realty, Lowe Enterprises Team on Raleigh Development
Ground will be broken this fall on The Gramercy, a 203-unit mixed-use multifamily development in Raleigh, N.C.
Economy Watch: Employment Expansion Picks Up Again in September
The number of jobs created in September rebounded—248,000 versus a 12-month average of 213,000 per month—and some sectors added jobs robustly, according to the Bureau of Labor Statistics.
CoreLogic Launches Online Leasing Solution
CoreLogic, a global property information, analytics and data-enabled services provider, today introduced Leasing Manager from CoreLogic, a new cloud-based, online leasing solution for multifamily housing owners and managers.
Haley Buys Five Apartment Properties for $64M
Haley Real Estate Group has acquired five apartment properties for a total of $64.3 million.
TODAY’S DEALS: Grandbridge Closes $21M Acquisition Loan in Georgia
Grandbridge closes financing for a 215-unit Georgia acquisition; Capital One Multifamily Finance provides $22.6 million to refinance three skilled nursing assets in the Midwest; and NorthMarq Capital finalizes Freddie Mac transactions totaling $13.3 million.