Regions
NYSERDA Recognizes Six Engineering Firms for Doubling Energy Efficiency Savings in Multifamily Buildings
Multifamily buildings across New York State are maximizing building energy efficiency and reducing energy costs.
ASB Acquired Suburban DC Apartments for $222M
ASB Real Estate Investments has acquired two recently completed apartment community in Rosslyn, Va., for a total of $222 million.
TODAY’S DEALS: Starlight Multi-Family Fund Buys a Texas Portfolio
A Canadian fund makes its first investment with a Texas acquisition; Militello Capital and QR Capital purchase two communities in Georgia; and Canyon funds a $42 million senior construction loan.
Oak Grove Capital Welcomes Ken Bowen as Senior Vice President
Oak Grove Capital, a national provider of real estate financial services, has announced that Ken Bowen has joined the St. Paul-based lender as a senior vice president, focusing on new loan originations for the company’s market rate multifamily debt platform.
ETCO Homes Announces Grand Opening of 432 Oakhurst
ETCO Homes today announced the grand opening and completion of the residences at 432 Oakhurst.
Pennrose Developing Seniors Apartments in Connecticut
Pennrose is developing The Jefferson, an affordable seniors apartment community located in New Britain, Conn., that is being built in conjunction with the New Britain Housing Authority.
Economy Watch: Pending Home Sales Dip
Ahead of housing permit numbers from the government, which is a forward-looking indicator for the housing market, the National Association of Realtors reported that its forward-looking Pending Home Sales Index, which is based on contracts signed but not closed, dropped.
Barrett Development Begins Auburn Student Housing Development
Work has started on 319 Bragg, a student-housing property at Auburn University. The community is being developed by Barrett Development Group, a student-housing specialist based in Athens, Ga.
TODAY’S DEALS: Meridian Capital Arranges $250M in Refinancing for New York Property
Meridian Capital Group LLC negotiated a $250 million mortgage for the refinancing of the Aire multifamily property; a Mack-Cali subsidiary buys a 159-unit asset from Landmark Cos.; and IPA arranges a 1,176-unit sale in suburban Philadelphia.
Magnusson Transforms Parking Lots into Affordable Housing
Magnusson Architecture and Planning (MAP) commenced on the construction of Soundview Family Housing last week in the Soundview neighborhood of Bronx, N.Y.