Regions
LDG Starts Construction on Houston-Area Affordable Housing
LDG Development has started work on Newport Village, an 80-unit affordable apartment project in the East Texas town of Crosby. The property will offer one-, two-, and three-bedroom units to income-restricted families.
Economy Watch: Economic Worries a Drag on Housing
Americans’ concerns about the direction of the economy and their household income appear to be weighing on housing growth, according to Fannie Mae’s May 2014 National Housing Survey.
TODAY’S DEALS: Denver Sale Breaks Price Per Square Foot for Uptown Neighborhood
An ARA-brokered boutique apartment sale sets a price per unit record in Denver’s Uptown neighborhood; Greystone provides $36.7 million refinancing for a skilled nursing facility in Hollis, N.Y.; and Radco acquires a property for $6 million and plans a $3 million upgrade.
Prime Property Investors Buys Houston-Area Apartments
Prime Property Investors has acquired a 306-unit apartment community in metro Houston for an unspecified price.
Downtown Dallas Building Earns First IREM Certified Sustainable Property Certification
he Energy Plaza building, a 49-story office property located at 1601 Bryan Street in downtown Dallas, has become the first building in the United States to be awarded the IREM® Certified Sustainable Property certification by the Institute of Real Estate Management (IREM®).
McShane Awarded Construction on Continental Properties Development
Continental Properties has appointed McShane Construction Company’s Southeast Region to handle construction of Springs at Waukee, a 260-unit luxury apartment community to be built near Des Moines, Iowa.
Alchemy Properties’ 35XV Condo Development is 80 Percent Sold
Alchemy Properties has announced that 80 percent of the residences at its 35XV condominium development have been sold. The 24-story building is located at 35 West 15th Street in Manhattan and is expected to be completed by the fourth quarter of 2014.
Economy Watch: U.S. Economy Adds 217,000 Jobs in May
The Bureau of Labor Statistics reported that the economy added a net of 217,000 jobs in May, which wasn’t quite as much as in April, but still a reasonably healthy number.
Combined Properties Wins Zoning for Fairfax Apartments
The City of Fairfax, Va., has approved a rezoning application for a project called Fairfax Circle Plaza.
Duo of Development Partners Purchases Former Turkey Processing Plant in Colorado
Pathfinder Partners and development partner 150 Main announced that they have closed on the $4.5 million acquisition of the former Butterball Turkey processing plant in Longmont, Colo.