Regions
TODAY’S DEALS: Greysteel Closes 200-Unit TOD Sale in Virginia
Federal Capital Partners grabs a Virginia asset; Orion lands a management gig in Houston; and Centerline Capital facilitates a $18.5 million funding of an acquisition.
North Gate Apartment Homes Begins Leasing ND Apartment Community
North Gate Apartment Homes, a partnership between The Sterling Group and Braxton Development, has begun leasing homes from its on-site resident clubhouse in Williston, N.D.
Economy Watch: New Home Sales See Uptick in April
Sales of new single-family houses came in at an annualized rate of 433,000 units in April, according to the Census Bureau and HUD.
Wolff Begins Mixed-Use Property in Downtown LA
Work has started on 12th & Olive, a mixed-use development in the southern section of downtown Los Angeles (also called the South Park neighborhood).
TODAY’S DEALS: Cushman & Wakefield Arranges Orlando Fractured Condo Sale
Cushman & Wakefield advises a Madison Capital Management affiliate on a fractured condo sale; Castle Lanterra enters Chicago with a $28.5 million, 425-unit buy; and Largo Group arranges a seven-year, $32.75 million permanent loan.
JPMorgan Chase & Co. Announces $100 Million Commitment to Support Detroit’s Economic Recovery
JPMorgan Chase & Co. unveiled a $100 million, five-year commitment to support and accelerate Detroit’s economic recovery and strengthen its communities.
Downtown Miami to Welcome New Melo Group High-Rise Property
Melo Group, a Miami-based real estate developer, has announced plans to build Melody Tower, a 36-story residential property in the heart of Miami’s arts and entertainment district.
IWBI Launches Peer Review Process for the WELL Building Standard
The International Well Building Institute (IWBI) today launched a peer review process for the WELL Building Standard®.
NWP Regulatory Update: Ohio & Connecticut
The Ohio Legislature has two more weeks of regular sessions before they close up shop for the year. It is possible that the legislature may reconvene for a Special Session in June, if necessary. Additionally, the Connecticut Public Utilities Regulatory Authority has requested comments to their Draft Electric Submetering Rules due on May 15, 2014.
Economy Watch: Existing Homes Sales Rise in April
The National Association of Realtors reported that total existing-home sales rose 1.3 percent in April to an annualized rate of 4.65 million units, compared with 4.59 million units in March.