Regions
McKinley Acquires Two Orlando Communities in 30 Days
Multifamily owner and manager McKinley has reconfirmed its commitment to Central Florida, and specifically to Orlando’s theme park area, with the purchase of two Orlando properties within a scant 30 days.
Economy Watch: Home Price Increases Slowing Down
CoreLogic reported that the increase in home prices nationally—including distressed sales—slowed down in October, rising only 0.2 percent compared with September.
Crescent Begins Work on Atlanta Apartment Property
Crescent Communities has broken ground on Crescent Howell Mill, a $47 million, 256-unit apartment community between Atlanta’s Buckhead and Midtown districts. Completion is slated for the spring of 2015.
TODAY’S DEALS: Continental Realty Corp. Buys Florida Apartment from Praedium
ARA brokers a sale in Naples, Fla.; NorthMarq arranges $21.7M to refinance two apartments; and Marcus & Millichap arranges a $5.3 million multifamily mid-rise acquisition loan.
Joint Venture WTGoodman Acts on Promises One Year After Its Creation With $1.3 Billion Portfolio Purchase as BR Properties Exits Industrial Market
With the FIFA World Cup coming to Brazil next summer, and the Olympic Games set for Rio de Janeiro in 2016, the country has seen a few years of economic upswing, spurred on by the development necessary to make the next few years a success.
Invel Puts Pen to Paper on $888 Million Deal, Largest Ever Greek Real Estate Transaction
Invel Real Estate Partners has signed to a share purchase agreement to acquire a 66 percent stake in NBG Pangaea Real Estate Investment Company from the National Bank of Greece.
BDG Architects and PKA Architects Join Forces
BDG Architects and PKA Architects are uniting architectural practices to expand client relationships beyond the Southeast.
Obama Administration Expands Better Buildings Challenge to Multifamily Housing, Launches New Programs to Boost U.S. Energy Efficiency
Building on $2 billion in financing commitments from the private sector for energy efficiency updates to commercial buildings under the President’s Better Buildings Challenge, the U.S. Departments of Energy and Housing and Urban Development expanded the Challenge to multifamily housing and launched the Better Buildings Accelerators to support state- and local government-led efforts to cut energy waste and eliminate market and technical barriers to greater building efficiency.
Economy Watch: More Shop Over Thanksgiving Weekend, But Spent Less
The National Retail Federation reported that more than 141 million Americans did some kind of shopping over the Thanksgiving holiday (Thursday to Sunday), compared with 139 million over the same period last year.
Stonemont Financial Bringing Student Housing to SCAD Students
University Housing Services Inc. is developing The Hue, a loft-style, off-campus student housing community in the heart of historic Savannah, Ga., which will provide housing for 446 Savannah College of Art & Design students when it opens next September.