Regions
Affordable Housing Slated for San Francisco’s Hunters Point Shipyard
AMCAL Multi-Housing and Lennar Urban to develop affordable apartments in southeast San Francisco’s Hunters Point Shipyard-Candlestick Point.
Economy Watch: Annualized GDP Rate at 4.1 Percent for 3Q
Revised 3Q GDP increases to an annualized rate of 4.1 percent, while state unemployment levels continue to drop, with energy-booming North Dakota leading the way with a jobless rate of 2.6 percent.
Affirmed Housing Group to Move Forward with Vermont Villas in Los Angeles
Affirmed Housing Group’s Los Angeles project, Vermont Villas, a 79-unit permanent homeless housing for low-income veterans and special needs seniors, has received 9 percent tax credit funds, which will allow the project to begin construction in April 2014.
TODAY’S DEALS: Walker & Dunlop Arranges $43.5M for New Orleans Acquisition
Walker & Dunlop provides $43.5 million for a New Orleans acquisition; Apartment REIT Home Properties acquires 252 units; and Johnson Capital arranges $5.4M loan for purchase of affordable apartment community.
Related Completes Affordable Housing Rehab in Middleton, NY
Major renovations at the at the Southeast Towers residential building in Middletown, N.Y., have been completed.
Cohen & Associates, Highroad Acquire Westwood Property
Cohen & Associates and Highroad Realty & Management have acquired a 60-unit apartment building in West Los Angeles for $21.5 million.
Economy Watch: National Association of Realtors Reports Existing Home Sales Dropped
The National Association of Realtors reported total U.S. existing home sales, including single-family, condos and co-ops, dropped 4.3 percent in November compared with October, down to an annualized rate of 4.9 million units.
NWP Selected in Top Workplaces in The Orange County Register
NWP Services Corporation (NWP), a provider of utility cost recovery and management solutions to the multifamily housing industry, announced that it has been selected as one of The Orange County Register’s Top Workplaces.
Residential Portion of CityCenterDC Opens
The Apartments at CityCenter and the Residences at CityCenter, two multifamily components in the mixed-use CityCenterDC in the nation’s capital, have started accepting residents.
TODAY’S DEALS: NGKF Completes $30M Sale of Flushing Redevelopment Site
A NGKF sale paves the way for a mixed-use development; Spirit Bascom Ventures acquires its second N.Y. property in a $33.1 million transaction; and Centerline closes $28.3 million in Fannie Mae financing for a multi-property deal in the Southeast.