Regions
$238 Million Uplands Residential Community Opens In Baltimore
Uplands, a new, $238 million residential community located in Baltimore, oficially opened its gates to the public on Monday, June 3.
Milestone Apartments REIT to Pay $46 Million for Alpharetta Community
According to an official company announcement, Milestone Apartments REIT has agreed to pay $46 million for the Century Windermere, a 346-unit Class A multifamily apartment community located in the Alpharetta/Cumming submarket of Atlanta.
Dominium Acquires 144 Units Spread Over Three Properties
Dominium announced that it has acquired 144 units spread out over three sites. The communities are called Somerset Properties, and are located in Willmar, Minn.
TODAY’S DEALS: U.S. Bank Closes $55.1M for Affordable Seniors Developments
U.S. Bank paves the way for two Retirement Housing Foundation projects in L.A.; Beech Street closes $8.5 million for a Tampa refinance; and Alliant Capital provides a $975,000 loan.
Presidio Apartments Becomes Bell Lake Creek after Bell Partners Acquisition
The Austin Presidio Apartments community has been acquired by the investors from Bell Partners Inc. on May 30th. The transaction cost has not been made public, but the property, which will stay under the management of Bell Partners, will change its name into Bell Lake Creek.
Barwa Real Estate Unveils Plans for $5.5 Billion Mixed-Use Resort in Qatar
Barwa Real Estate has launched a $5.5 billion residential and resort project slated to rise on an artificial island off the coast of Doha.
Oil-Fueled Norwegian Fund Continues Worldwide Shopping Spree with UK Industrial Portfolio Acquisition
LondonMetric Property Plc, a real estate investment trust, has recently completed the sale of its stake in a large distribution portfolio to a joint venture between U.S.-based Prologis’ European branch and Norges Bank Investment Management.
Boston Becomes 8th U.S. City to Require Water, Energy Disclosures
Boston has joined seven other U.S. cities in requiring building owners to disclose energy and water usage of their real estate assets.
Economy Watch: U.S. Gains 175k Jobs in May
The Bureau of Labor Statistics reported on Friday that the U.S. economy created 175,000 jobs in May, compared with a rise of 149,000 in April, which was a surprise on the upside.
CIS Selected to Help Develop Post-Disaster Response Best Practices
Enterprise Community Partners has selected multifamily specialist Community Investment Strategies Inc. as the latest participant in its Hurricane Sandy Recovery and Rebuilding Program.