Regions
TODAY’S DEALS: Elco Landmark Apartment Trust Acquires Six Assets
Elco Landmark Apartment Trust completes a series of acquisitions in Texas and North Carolina; and Johnson Capital arranges $18.64 million in joint venture equity financing for two new construction projects.
Proffitt Dixon Partners Acquires Site for $40M Multifamily Community
Proffitt Dixon Partners has acquired the site for a $40 million multifamily property called Fountains Uptown, located in Charlotte, N.C.
Campus Apartments’ CEO Named Homewood Suites Developer of the Year
Campus Apartments announced that President and CEO David Adelman was named the 2012 Homewood Suites Developer of the Year for Hilton Worldwide. One developer from each of Hilton’s Focused Service Brands is recognized with this honor annually.
Daisho Group Launches $300M Speculative Office Project in Brisbane’s CBD
Japanese developer Daisho Group has recently broken ground on a $300 million office tower in Brisbane, the capital and most populous city in the Australian state of Queensland.
Economy Watch: Housing Starts Take a Dip
Housing starts, which have been gaining upward momentum in recent months, took an unexpected dip in April, according to the Census Bureau.
SyndicIT Services Announces Associated Estates Realty Corporation’s Deployment of Digital Document Management Technology
SyndicIT Services (SyndicIT) today announced that Associated Estates Realty Corporation has deployed the company’s DocumenIT service for digital document and content management.
Marquette Buys Suburban Chicago Apartments
The Marquette Cos. has bought the 304-unit Farmington Lakes apartment community in Oswego, Ill., for an unspecified price.
WiSe Urban and Nuestra Comunidad Begin Boston Rehabilitation Project
Nuestra Comunidad Development Corporation and WiSe Urban Development are forming a joint venture to rehabilitate Washington Park, a multifamily community in Boston owned by Washington Park Limited Partnership.
TODAY’S DEALS: Landmark Acquires 600 Units in Carolinas
Landmark Apartment Trust of America acquires two properties in the Carolinas; Continental Realty Advisos buys a 560-unit community in Orlando; and Walker & Dunlop closes $152 million for properties in the Midwest in the first quarter.
Enterprise Developing Affordable Seniors Housing in Baltimore
Enterprise Homes Inc., a Columbia, Md.-based developer, is developing two affordable seniors housing projects in the Baltimore area.