Regions
Architect Selected for Next Phase of Walkable Development
Cagan Management Group has awarded the design contract of the second phase of the Glen at Cagan Crossings to Forum Architecture & Interior Design, an Altamonte Springs, Fla.-based firm. Construction of the project is slated to begin in the fall.
TODAY’S DEALS: Milestone Acquires 346-Unit Apartment in Atlanta
Milestone Apartments REIT invests $46 million in Atlanta; Marcus & Millichap secures a buyer for a Saint Paul community; and Gebroe-Hammer completes Pennsylvania multifamily sales totaling $4.94 million.
Brazilian Residential Market to Get Major Boost as Joint Venture Announces 2,400 Affordable Homes
A joint venture created by Paladin Realty Latin America Investors IV and Constructora Altana recently announced a major investment in Brazil’s housing market.
Construction to Begin on Britain’s Most Sustainable Commercial Facility
The University of East Anglia (UEA) in Norwich, England, is about to break ground on the Norwich Research Park Enterprise Centre, an academic and office facility that promises to become the greenest commercial building in the United Kingdom.
Economy Watch: Foreclosures Continue to Drop
CoreLogic reported that there were about 52,000 completed residential foreclosures in the United States in April 2013, down from about 62,000 in April 2012, for a year-over-year decrease of 16 percent.
Virginia Apartment Community Acquired by Tryko Partners
Tryko Partners has added Midlothian Village, a 216-unit Richmond, Va., apartment community to its portfolio of affordable housing. This is Tryko’s initial foray into the Virginia market.
Leasing Strong For N.J. Luxury Residential Development
St. George, a luxury rental apartment building comprised of 60 homes in Harrison, N.J., has leased 50 percent of its units in the first month of offerings.
Partners Buy Hurricane Sandy-Affected Apartments, Plan Rehab
The Community Development Trust, a private REIT that provides capital for the preservation of affordable housing, has partnered with Proto Property Services to buy and rehab Ocean Towers in the Coney Island section of Brooklyn.
Holland Partner Group Begins Construction on Denver Transit-Oriented Development
Holland Partner Group announced it’s starting construction on Platform at Union Station, a 287-unit, transit-oriented community in Union Station neighborhood in Denver.