Regions
Peak Campus Development Begins Construction on Second Phase of The Pavilion
Peak Campus Development has announced that it has broken ground on the second phase of its Charlottesville, Va., student housing community, Pavilion at North Grounds.
TODAY’S DEALS: Kushner, KABR Land $140M from CIT for Jersey City’s Tallest Apartment Tower
CIT provides Kushner Companies and KABR with $140 million for a Jersey City tower; Madison Realty Capital Arranges $33 million for Soho Properties’ 45 Park Place; and NorthMarq negotiates $20.5 million in construction/permanent financing from the bank.
Marquette Completes Renovations on Denver Place Apartments in Chicago
Capping a four-year, $2.7 million endeavor, Marquette Management has completed the renovation, repositioning and sale of The Apartments at Denver Place.
Economy Watch: Slower Jobs Expansion in August
Despite the relatively low number of jobs created in August—142,000 versus a 12-month average of 212,000 per month—some sectors continued to add jobs, according to the Bureau of Labor Statistics.
First Affordable Housing Loan Closed Under New Freddie Mac Program
Freddie Mac’s new Direct Purchase of Tax-Exempt Loans initiative, the goal of which is to keep rental housing affordable for lower-income families and lower costs involved with financing for tax exempt multifamily properties, has closed its first loan.
123 on the Park is 50 Percent Leased
The Chetrit Group and Clipper Equity redevelopment 123 on the Park in Brooklyn has surpassed the 50 percent leased threshold after less than three months on the market.
TODAY’S DEALS: Steadfast Apartment REIT Acquires Two Austin Assets
Steadfast Apartment REIT acquires 564 units in Austin; Blue Ridge Companies expands its North Carolina portfolio; and Grandbridge Real Estate Capital obtains $12.42 million in equity and a three-year senior loan for multifamily property.
WNC Provides Financing for Seniors Apartments in Long Beach, CA
Ramona Park Senior Apartments, an affordable senior housing community in Long Beach, Calif., has been completed.
Economy Watch: Job Growth Moderates in August
The U.S. economy created 142,000 jobs in August, according to the Bureau of Labor Statistics, down somewhat from the stronger gains of the last 12 months, which have averaged 212,000 per month.
Carter Opens New Suburban Atlanta Apartments for Leasing
The real estate firm Carter has opened the first phase of its new apartment development, Place on Ponce, for leasing. The phase includes 28 units and is in downtown Decatur, on the corner of W. Ponce de Leon Ave. and Ponce de Leon Pl.