Regions
Riverlake Partners Places Majority Equity Investment in Guerdon Enterprises
Riverlake Partners LLC has announced that it has made a majority equity investment in Boise, Idaho-based Guerdon Enterprises LLC, which specializes in and is a leading producer of large multi-unit modular buildings.
Economy Watch: Fed Seems More Optimistic
The Federal Open Market Committee released the minutes of its July 29-30 meeting, striking a tone of mild optimism, in as much as the tone of the meeting was actually reflected by the minutes.
Trump, Lodha to Develop Tower in Mumbai
The Trump Organization has unveiled plans for Trump Tower Mumbai, which will be developed in collaboration with Indian real estate developer Lodha Group.
TODAY’S DEALS: Omninet Capital Buys Value-Add Portfolio in Tucson
Colliers’ Cooke team brokers a 1,166-unit sale in Tucson, Ariz.; Hunt Mortgage Group provides a $5.5 million interest-only loan to refinance a California apartment asset; and The Largo Group of Companies arranges $10.5 million in financing for properties in New York state.
Micro Nano Research Facility at Melbourne’s RMIT City Campus Completed
Construction of the Micro Nano Research Facility at the Royal Melbourne Institute of Technology University City Campus is now completed, according to the contractor.
WNC Provides Financing for Baton Rouge Renovation
Renovation is complete at Renaissance Gateway, a 208-unit affordable apartment community in Baton Rouge.
Economy Watch: Housing Starts Spike in July
U.S. housing starts jumped in July compared with June, according to the Census Bureau, a reversal of the preceding months, which have been generally sluggish for housing starts.
Abandoned Massachusetts Factory to Become Affordable Housing
Work is under way to convert an abandoned factory building in Worcester, Mass., into a 94-unit affordable housing development.
TODAY’S DEALS: West Houston Apartment Community Trades Hands
TA Associates completes its disposition of the 300-unit Cinco Ranch; Clarion Partners expands in Denver with a 273-unit purchase; and Arbor finances $35.6 million in multifamily deals from North Carolina to California.
Jamboree Housing Reduces Utility Costs Through Efficient Community Design
Jamboree Housing Corporation has reported that it has seen its utility costs drop year-over-year as a result of advanced construction techniques and efficient design in its newer Southern California communities.