Regions
Economy Watch: Employment Metrics Not Bad in March
The increase in U.S. jobs in March (up 192,000) was welcome news to those worried that something more deleterious than cold weather had hit the economy during the winter.
TODAY’S DEALS: Bascom Nabs 138-Unit Apartment Community in SoCal
The Bascom Group acquires a 138-unt apartment community; Charles Dunn completes a $2.7 million sale in L.A.’s Westwood submarket; and Centerline Capital arranges $4 million Fannie Mae financing for an acquisition in the Boston area.
Raleigh, N.C., Tops the List for Highest Renter Customer Satisfaction, Study Says
Raleigh, N.C., was recently ranked No.1 for online renter satisfaction according to a study released by J Turner Research, a Houston-based company that exclusively specializes in market research for the multifamily industry.
Mattamy Buys Jacksonville-Area Master-Planned Site for $43M
Mattamy Homes has acquired the RiverTown property from the St. Joe Co. for $43.6 million.
Economy Watch: Economy Creates 192K Jobs in March
The U.S. economy created 192,000 jobs in March, according to the Bureau of Labor Statistics.
TruAmerica Multifamily Makes First Denver-area Acquisition
TruAmerica Multifamily has announced that in partnership with two other companies, DVO Real Estate and RCG Longview, it has purchased Tamarac Village Apartments, its first acquisition in the Denver metro area.
IPA Plans Another Phoenix Seniors Housing Development
Investment Property Associates and Retirement Community Specialists have partnered to develop a seniors property in the Ahwatukee neighborhood of Phoenix, near the southwest corner of Chandler Blvd.
TODAY’S DEALS: Becker + Becker Lands $37.2M for Connecticut Office-to-Apartments Rehab
Becker + Becker lands office-to-apartment conversion financing; Madison Realty Capital buys a three-loan portfolio secured by Brooklyn properties; and NorthMarq Capital finalizes a $24.95 million interest-only refinance.
495,000 SF Mixed-Use Building Announced in Tokyo’s Famous Ginza District
J. Front Retailing Co. Ltd., Mori Building Co. Ltd., L Real Estate and Sumitomo Corporation recently announced they have entered a mutual agreement to jointly operate a retail facility, which will be part of the largest mixed-use building in Ginza, Tokyo’s most famous upmarket shopping, dining and entertainment district.
Peak Campus Development Constructing Student Housing Near Arizona State U
Peak Campus Development is developing a 213-unit, 600-bed student apartment community in Tempe, Ariz., close by the Arizona State main campus.