Regions
TODAY’S DEALS: Avalon Bay Sells 588-Unit Apartment Asset for $210 Million
The DSF Group buys a property from AvalonBay in New Rochelle, N.Y.; Berkeley Point Capital provides $20.7 million for an Illinois apartment acquisition; and Edgewood Capital funds a $3.75 million bridge loan.
D.C. Landmark The Maples Moves to Phase Two of Development
Urban Pace has announced that the renovation of the Altus Realty Partners community, The Maples, a Federalist Era Washington, D.C., mansion that is being repurposed into condominiums, has moved into the second phase of development and has targeted completion for the project for the final quarter of 2014.
Heidi Burkhart to Receive Affordable Housing Finance Young Leader Award
Heidi Burkhart of Dane Professional Consulting Group, an affordable housing brokerage based in New York City, will be receiving the Affordable Housing Finance Young Leader Award during the 2013 Affordable Housing Developers’ Summit in Chicago.
Builder Confidence Holds Steady in November, According to NAHB
Builder confidence in the market for newly built, single-family homes was unchanged in November from a downwardly revised level of 54 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Chicago’s Lincoln Park Builders Annual Forum Marks Milestone
Cautious optimism was the order of the evening at last week’s 2013 Real Estate Forum presented by Lincoln Park Builders of Chicago, an honorary society of builders, developers, managers and principals in the city’s real estate community.
Economy Watch: Housing Slump’s Impact Unequal
The Census Bureau reported that the recession hit home values in more populous U.S. counties harder than smaller counties.
Franklin Cos. to Begin New Seniors Property in Metro San Antonio
Plans for a 315,000-square-foot, 217-unit seniors housing property in the town of Alamo Heights, Texas, have been unveiled.
TODAY’S DEALS: Essex Property Trust Buys 379 Units in San Diego
Essex Property Trust completes a $121 million apartment acquisition; Kennedy Wilson and partners buy 388 rental units in a Portland suburb; and Marcus & Millichap arranges a $71.1 million sale of eight Silicon Valley redevelopment sites.
Diane Nordin Elected to Fannie Mae Board of Directors
Fannie Mae announced that the board of directors has elected Diane C. Nordin to the company’s board.
InHaus, Redfin Join Forces on Seattle Condo Development
Acclaimed sustainability developer InHaus and technology-driven real estate brokerage Redfin are coming together to unveil a new condominium development in the Ballard neighborhood of Seattle.