Regions
University Student Living Welcomes New Developers
University Student Living (USL), the comprehensive student housing company of The Michaels Organization, has named three new vice presidents to its development team: Tom George, Steve Hillebrand and Kristina Vagen.
Roseview WinnResidential Fund I Acquires The Trails at River Park
Roseview WinnResidential Fund I, established by national real estate development and property management company WinnCompanies, in conjunction with private real estate investment and advisory firm The Roseview Group, has made its first acquisition.
Economy Watch: Home Prices Still Rising, But Not as Fast
S&P Dow Jones Indices reported that the Case-Shiller Home Price Indices, which it publishes, showed that home prices are still going up on an annual basis, though not as much as they have been.
TODAY’S DEALS: Embrey Partners Sells 263 Units in Colorado
Inland Real Estate Group buys a Colorado asset from Embrey Partners; KeyBank provides $28.7 million for a development in North Carolina; and NorthMarq Capital closes on a $10.8 million refinance that won favorable pricing.
IREM and University of Alabama Collaborate to Advance Real Estate Management Education and Careers
The Institute of Real Estate Management (IREM®) and the University of Alabama (UA), founded in 1831 as Alabama’s first public college, have signed a Memorandum of Understanding.
HAP Investments Starts on East Harlem Apartments
Ground has been broken for 329 Pleasant Ave. in Harlem, N.Y., which will be called HAP 5. The property will rise eight stories in the eastern part of that neighborhood, and contain 20 apartment units.
Axiometrics Report Highlights Apartment Rent Growth in March
The national apartment market experienced a slight uptick in annual effective rent growth during March 2014, increasing at a rate of 3.1 percent, according to the monthly report by Axiometrics.
Economy Watch: Pending Home Sales See Uptick
Housing numbers have been trending negative lately, at least in terms of sales (prices are still going up), but the National Association of Realtors reported that after months of going nowhere, its pending home sales rose in March.
Sterling Properties Begins Leasing First Building at RiverBend East at Wappingers Falls
Sterling Properties has announced that is has begun leasing in the first building of the company’s new development RiverBend East at Wappingers Falls in Dutchess County, N.Y.
TODAY’S DEALS: Toronto-Based Starlight Acquires Houston Apartments
Starlight U.S. Multi-Family Core Fund acquires a 257-unit asset in Houston; RED Capital Group provides $10.1 for the acquisition and rehab of a low income seniors housing asset; and Carroll Organization adds a multifamily asset to its Florida portfolio.