Regions
Ram and Lennar Joint Venture to Develop Luxury Apartments
Ram Realty Partners III, an affiliate of south Florida-based Ram, has announced an equity investment in a joint venture to develop The Crest at Midtown, a new 261-unit luxury mid-rise apartment community on an infill site in the Midtown submarket of Charlotte, N.C.
How the Government Shutdown Might Affect the Housing Industry
The United States government has shut down as of today, Tuesday, October 1, 2013. How could this affect the housing industry?
TODAY’S DEALS: BRE Properties Completes $120.5M Acquisition
BRE buys a 270-unit community in Hollywood; StonebridgeCarras lands $121.6 million in construction financing for a Bethesda development; and HFF secures $52 million in financing for manufactured home community.
Related Group Takes New Tampa Apartments to Market
Related Group has tapped Georgia-based Engler Financial Group to take Pierhouse at Channelside to market.
KeyBank Real Estate Capital Appoints Scott Bois as VP and Permanent Product Specialist
KeyBank Real Estate Capital, the commercial real estate business unit of KeyCorp, announced the appointment of Scott Bois as vice president and permanent product specialist in the Southeast Region.
Mack Real Estate Group Begins Leasing Luxury Apartments in NYC’s Williamsburg
Mack Real Estate Group has launched leasing at 50 North 5th, a seven-story, 229-unit luxury rental property in Williamsburg’s sought-after Northside, with aptsandlofts.com serving as its exclusive marketing and leasing agent.
Economy Watch: Federal Government Shuts Down
Congress was unable to agree on legislation authorizing money for the continued operations of the federal government by midnight on Monday and, as has been expected for some days now, a shutdown began today, the beginning of the government’s fiscal year.
California Landmark Welcomes Renters to its New Westside Community
California Landmark Group unveiled its new Brentwood community, bw, which aims to attract bi-coastal travelling professionals and executives by offering services such as complimentary valet parking, in-home food delivery, turnkey furnishing, and hotel-like concierge services that are exclusive to residents.
Oak Coast Goes on Multifamily Buying Spree
Oak Coast Properties has acquired two apartment communities in northern California, paying a combined $22.9 million. Totaling 202 rental units, the properties are 400 Santa Alicia Dr. and 333 Enterprise Dr., both in Rohnert Park, Calif.
Economy Watch: Personal Income, Expenditures Up in August
The Bureau of Economic Analysis reported that U.S. personal income increased $57.2 billion, or 0.4 percent in August compared with July, and disposable personal income—after taxes, the kind everyone likes—was up 0.5 percent.