Regions
Economy Watch: Housing Starts Gain Ground in April
The Census Bureau reported that private housing starts came in at an annualized rate of 1.072 million units in April, a sizable 13.2 percent upswing from March, when starts were an annualized 947,000 units.
ACH Plans Student Housing Property in Waco
Asset Campus Housing has unveiled plans for the Domain at Waco, an off-campus student housing property. The development will be a 186-unit property with 564 beds.
IAC Breaks Ground on Mixed-Use Student Housing Project in Midtown Atlanta
Dallas-based student housing developer and manager Inland American Communities Group has broken ground on a 706-bed mixed-use community adjacent to the northeastern edge of the Georgia Institute of Technology campus in Midtown Atlanta.
TODAY’S DEALS: Milestone Completes $28M Apartment Acquisition in Atlanta
Toronto-based Milestone buys in Atlanta; NorthMarq completes a $27M refinancing and helps a borrower avert prepayment penalty; and Marcus & Millichap, IPA handle a Phoenix apartment sale.
Multifamily Surge Propels Housing Starts Over 1 Million Mark in April, Says NAHB
Soaring production of multifamily apartments pushed nationwide housing starts above the million-unit mark in April, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
HOCHTIEF, Kondor Wessels JV to Begin Construction on Major Residential Development in Berlin
HOCHTIEF Projektentwicklung, a subsidiary of the HOCHTIEF Group, has partnered with Kondor Wessels for the construction of CEDELIA, an approximately 280-unit residential development in Berlin-Zehlendorf.
Nobu Hospitality Announces Its First European Hotel: Nobu Hotel Shoreditch, London
Nobu Hospitality, inspired by world-renowned Japanese Chef Nobu Matsuhisa and championed by Academy award-winning actor Robert De Niro and Hollywood producer Meir Teper, over the course of the past months announced an aggressive expansion plan.
Redesigned Penthouse Amenities Unveiled at West River House
Manhattan Skyline’s West River House has unveiled a newly renovated penthouse floor with a refinished lounge and added selection of lifestyle amenities.
Economy Watch: Homebuilders Confidence a Little Rattled
The National Association of Homebuilders reported that builder confidence in the market for newly built, single-family homes weakened a bit in May.
Wallace Property Buys Apartments in Boston
Wallace Property Co. has acquired two properties in Roxbury, Mass., a neighborhood of Boston. All together the properties include 12 units, and Wallace says it’s going to renovate all of them.