Regions
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.
Risk Mitigation 101: Insurance Best Practices for Apartment Owners
Five steps apartment owners can take to mitigate risk.
Economy Watch: New Housing Starts Rise in November
Private housing starts in November came in at an annualized rate of 1,091,000 units, according to the Census Bureau.
Bernards Bringing 512-Bed Student Housing to CSU-Bakersfield
Bernards is developing a $34.8 million design-build student-housing project on the Bakersfield campus of California State University in collaboration with San Jose-based Steinberg Architects.
Rose Associates to Renovate Manhattan Community
Work is under way on an extensive renovation of the Melar, a 22-story multifamily property at 93rd St. and Broadway in Manhattan.
Somerset and NHT/Enterprise Form JV to Purchase and Redevelop DC Affordable Housing Community
Somerset Development Company and the National Housing Trust-Enterprise Preservation Corporation have entered into a joint venture for the purchase of the 223-unit Channel Square Apartments located at 325 P Street SW in Washington, D.C.
TODAY’S DEALS: Carroll Organization Acquires 298 Units in Orlando
Carroll Organization completes a $36.6 million buy; Kennedy Wilson expands with $160 million in West Coast acquisitions; and Walker & Dunlop arranges $43.5 million acquisition financing with interest-only terms.
Mack-Cali, Fisher Brothers Acquire Luxury Multifamily Project
Mack-Cali Realty Corporation and Fisher Brothers have formed a joint venture to acquire a 377-unit multifamily development project in Washington, D.C.
Economy Watch: CPI Doesn’t Move in November
The Consumer Price Index for All Urban Consumers didn’t budge in November, according to the Bureau of Labor Statistics.