Regions
MHN Exclusive: Trade Street Residential Expands Charleston Presence with $48M Apartment Acquisition
Trade Street Residential continues to display its penchant for well-located, high-quality, Class A assets in the South East. The apartment REIT has just completed its third acquisition since its IPO in May.
Epoch Plans Expansion of Austin Apartments
Epoch Properties has unveiled plans for the second phase of Monterra, an apartment community in Austin, Texas. It will include 11 three-story garden apartment buildings and five two-story carriage apartment buildings, with a total of 256 units.
LDG Development Breaks Ground on $21M Affordable Austin Community
LDG Development announced the ground breaking of a new 228-unit affordable community in Austin, Texas.
TODAY’S DEALS: Inland Acquires 146 Units in Florida
Inland Real Estate Acquistions buys a townhome development; and Greystone originates $6.7 million for a Florida acquisition.
Grosvenor Americas Acquires Carlmont Woods Apartments
Carlmont Woods Apartments, an 11.5-acre, 195-unit garden apartment community in the upscale San Francisco suburb of Belmont, Calif., has been acquired by Grosvenor Americas of San Francisco, which plans to renovate unit interiors and common-area amenities to modern standards.
Economy Watch: Negative Equity Continues to Drop
Zillow said that it estimates that the national negative equity rate fell to 23.8 percent of all homeowners with a mortgage during the second quarter, down from 25.4 percent in the first quarter.
Leighton Properties Announces Landmark Office Project in North Sydney
Leighton Properties has announced plans to develop North Sydney’s first new commercial building in six years.
Saadiyat Island Gets New Luxury Hospitality Development Project after Completion of Land Deal
Saadiyat Island, one of the most ambitious development projects in the entire Middle East has taken another step forward after Tourism Development & Investment Company recently sold a large plot of land to a developer, for a new hospitality project.
Peabody Property’s Community for Veterans to Open in September
Valley Brook Village, a supportive residential property for returning servicemen and women, will open next month. Designed by The Architectural Team in partnership with Peabody Properties, the developer, it will house 62 veterans at risk for homelessness.
TODAY’S DEALS: Grosvenor Americas Acquires San Francisco Apartment Asset
Grosvenor Americas buys 195 units; Marcus & Millichap brokers a 31-unit sale in Virginia; and NorthMarq Capital arranges a $20.3 million Freddie Mac mortgage.