Regions
TODAY’S DEALS: Berkeley Point Lands $28.5M for Washington Apartment Refinance
Berkeley Point Capital refinances a community in Lakewood, Wash.; Cornerstone closes its third affordable housing fund; and IPA brokers a 220-unit sale in Dallas/Fort Worth.
Laramar Group Acquires Suburban Chicago Townhomes
National real estate investment and management company The Laramar Group has acquired Highcrest Townhomes in the southwestern Chicago suburb of Woodridge, Ill.
Economy Watch: Oil Production, Consumption Patterns Seeing Radical Shifts
Improved extraction technology and higher prices are opening up new oil resources, but that doesn’t mean the world is on the verge of an era of oil abundance, according to the International Energy Agency’s 2013 edition of World Energy Outlook.
Stonemark, 29th Street Capital JV Acquires 250-Unit Community in Arlington, Texas
A Stonemark Equities and 29th Street Capital joint venture has acquired Southern Hills Apartment Homes in Arlington, Texas.
Enterprise CEO Terri Ludwig Wins Female Innovator of the Year
Terri Ludwig, president and CEO of Enterprise Community Partners Inc., was honored with a Gold Stevie® Award as Female Innovator of the Year at the 10th annual Stevie® Awards for Women in Business.
MetLife, Partners Sell Two Illinois Apartments
Woodlands of Crest Hill, a 730-unit apartment property in Crest Hill, Ill., and the Fountains at Stone Crest, a 400-unit apartment in Westmont, Ill., have traded hands.
Braxton Development, Sterling Development and Baledge Team On Opening of Luxury Apartments in N.D.
Braxton Development, Sterling Development and Baledge LLC have opened Sierra Ridge Apartment Homes, a 278-unit Class A community in Dickinson, N.D.
GLCF Announces Completion of Silver Star Phase II Supportive Housing Community
Great Lakes Capital Fund, along with other collaborative partners, announced the completion of Silver Star Apartment Homes’ Phase II, which will bring an additional 100 units to the Battle Creek, Mich. housing market.
TODAY’S DEALS: Raia Buys a Tallahassee Apartment for $42.2M
ARA brokers a Tallahassee sale; HFF brokers the sale of 1,130 units in Chicagoland; and NorthMarq secures $17 million for a Houston-area portfolio.
Economy Watch: Some City Budgets Rearch Pre-Recessionary Levels
According to a study released by the Pew Charitable Trusts on Monday, some of the largest U.S. cities have seen their municipal budgets recover from the lows of the recession, when steep drops in tax revenue and other income cut into city coffers.