Regions
TODAY’S DEALS: Transwestern’s Mid-Atlantic Multifamily Group Closes $185M in Sales
Transwestern’s Mid-Atlantic Multifamily Group sells six apartment communities; and NorthMarq arranges construction financing for a joint venture development in Harrison, N.J.
Constellation Hotels Holding Limited Offers to Buy the InterContinental Paris – Le Grand Hotel for Over $442M
InterContinental Hotels Group PLC is getting ready to sell its historic InterContinental Paris – Le Grand Hotel.
KTGY-Designed Elysian at The District Under Construction in Nevada
The Elysian at The District apartment community in Henderson, Nev., is under construction. Designed by KTGY Group, Architecture + Planning, the luxurious 33 building, 360-unit, 18.95-acre project is being developed by The Calida Group of Las Vegas.
Economy Watch: Budget Deficit Continues Shrinking
The U.S. Department of the Treasury, in its latest Monthly Treasury Statement, said that the country ran a $94 billion deficit in July 2014, down from $97 billion during the same month a year earlier.
Standard Pacific Homes Unveils New Housing in Menifee, CA
Standard Pacific Homes has opened two for-sale residential projects in the master-planned community of Heritage Lake in Menifee, Calif. One is Newbridge at Heritage Lake, the other Carmel at Heritage Lake.
Greysteel Retained for Sale of Takoma Gardens in Takoma Park, Md.
The Greysteel Company has announced that it has been retained as the exclusive adviser and agent for the sale of the 37-unit Takoma Gardens community in Takoma Park, Md.
TODAY’S DEALS: TIAA-CREF Buys D.C. Apartment Asset from The JBG Cos. in Record Sale
TIAA-CREF buys in D.C.’s U-Street corridor; and The Praedium Group and Greystar Real Estate complete a repositioning play in Tampa/St. Petersburg, Fla.
Decron Acquires 440-Unit Apartment in Los Angeles Area for $82.5M
Decron Properties Corp. has acquired Village Crossing, a 440-unit garden style, multifamily apartment community in Chino Hills, Calif., from Invesco Real Estate for $82.25 million.
Economy Watch: More Evidence That Home Price Growth is Slowing
FNC reported that its Composite 100 index was up 8 percent in June compared with the same month a year ago; the year-over-year increases for the index have been slowing since peaking in February at 9.4 percent, which was the highest rate since 2006.
National CORE, CHW Break Ground on SoCal Affordable Housing
National Community Renaissance and Community HousingWorks have broken ground on Mission Cove, an affordable housing property in Oceanside, Calif.