Regions
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.
WASH Multifamily Laundry Systems Acquires American Meter & Appliance
WASH Multifamily Laundry Systems, a laundry facilities management service company, announced its acquisition of American Meter & Appliance.
Combined Single- and Multifamily Gains Boost Housing Starts in July, Says NAHB
Fueled by strong single- and multifamily growth, nationwide housing starts rose 15.7 percent to a seasonally adjusted annual rate of 1.093 million units in July, the highest level since November 2013, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Economy Watch: State Unemployment Rates Edge Up in July
Thirty states had unemployment rate increases in July compared with June, eight experienced decreases and 12 states and the District of Columbia had no change, the Bureau of Labor Statistics reported.
Morningside Group Teams With Crossroads Development Partners On Mixed-Use Development in North Chicago Suburb
Morningside Group and Crossroads Development Partners are teaming on NorthShore 770, a planned 347-unit luxury apartment and 101,435-square-foot retail center project in Northbrook, Ill., scheduled to open at the end of 2015.
APARTMENT MARKET STATISTICS: August 2014
The three-month moving average of multifamily housing starts now exceeds the average recorded between 2000 and 2007, according to the National Association of Home Builders.