Regions
Connecticut’s Augustana Homes Preserved as Affordable
Augustana Homes, a 186-unit affordable senior apartment community in Bridgeport, Ct., will receive $4 million in improvements and renovations, and will be preserved as affordable for an additional 30 years.
Economy Watch: Most State Unemployment Rates Down
Twenty-five states had unemployment rate decreases, 17 states had increases and eight states and the District of Columbia had no change, the Bureau of Labor Statistics reported.
Sheraton Orlando North Acquisition Marks Sixth Acquisition for Waramaug, Interstate JV
Waramaug Hospitality and Interstate Hotels & Resorts have recently closed on the purchase of their sixth property as joint venture partners, the Sheraton Orlando North Hotel.
Miami Still King to International Homebuyers
Although foreign buyers seem to be slightly less interested in Miami properties compared to the year before, Miami retains its spot as the most sought-after destination by international home buyers.
New Apartments in Brooklyn to Begin Leasing
Leasing will begin later this summer at 50 North 5th St., a newly constructed 229-unit rental property in the Williamsburg neighborhood of Brooklyn. Mack Real Estate Capital Group and Urban Development Partners developed the project, which was formerly known as 204 Wythe Ave.
TODAY’S DEALS: Berkeley Point Capital Provides $10.4M Refi for Affordable Asset
Berkeley Point Capital provides $10.4 million to refinance a Class C community; and Walker & Dunlop arranges $60.7 million for five off-campus student housing properties.
Chinese Conglomerate Acquires Part of One Nine Elms Redevelopment Project
A major component of London’s One Nine Elms redevelopment project recently traded hands when original developer, Green Property, sold its development site to a Chinese conglomerate for a reported $140 million.
HIT Project: Older Boston Rental Property To Gain Rehab
Preserving affordability and providing energy-saving retrofits are two goals of a project planned for Boston’s Georgetowne Homes One and Two.
Economy Watch: Existing Home Sales Spike
Total existing-home sales rose 4.2 percent to an annualized rate of 5.18 million units in May from 4.97 million in April, and are 12.9 percent above the 4.59 million-unit pace in May 2012, according to the National Association of Realtors.
Yardi Takes Marketing Solution Social
Yardi has announced the expansion of the Yardi Marketing Suite™, the only truly mobile marketing solution suite that supports the entire apartment leasing lifecycle.