Regions
Austin’s Elan Apartment Homes Captures Top Award
Elan Apartment Homes, a 270-unit northwest Austin, Texas, community acquired by Crossbeam Concierge in December 2011, has been named a “Property of the Year” by the Austin Apartment Association.
Mixed-Income Apartments Open in Boston
The first phase of Charlesview Residences, a 340-unit development in Boston’s Allston-Brighton neighborhood, has opened.
JV Breaks Ground on Mass. Mixed-Use Development
A groundbreaking ceremony was recently held for Merchants Row, a mixed-use development in the Quincy Center in Quincy, Mass. The project was made possible in part by $55 million in equity financing secured by LaSalle Investment Management.
TODAY’S DEALS: HFF Arranges $28.5M for Class A Florida Asset
HFF arranges a refinancing for a Jacksonville property; NorthMarq and West Coast Capital place $11.5M for a 124-unit asset in Redlands, Calif.; and Beech Street Capital completes a Fannie Mae acquisition loan.
New-Home Sales Rise 2.1 Percent in May
Sales of newly built, single-family homes rose for a third consecutive month in May, posting a 2.1 percent gain to a seasonally adjusted annual rate of 476,000 units, according to data released by HUD and the U.S. Census Bureau.
Hendricks-Berkadia Taps Houston Apartment Veterans to Launch New Office
Hendricks-Berkadia, the investment sales business unit of Berkadia Commercial Mortgage LLC (Berkadia), announced the hiring of Chip Nash and Greg Austin as partners with the firm.
McCann Realty Hires Texas-Based Vice President of Acquisitions
B. Todd Marney has joined McCann Realty Partners (“MRP”) as vice president of acquisitions.
Economy Watch: Chicago Fed National Activity Index Sees Uptick
The Chicago Fed reported that its National Activity Index (CFNAI) increased to –0.30 in May from –0.52 in April, noting that production- and employment-related indicators drove the uptick.
Houston Astrodome Named One of the Most Endangered Historic Places in the U.S.
Once referred to as ‘the Eighth Wonder of the World’, the Houston Astrodome now finds itself in desperate need of a viable reuse plan in order to avoid demolition.
Minneapolis City Council Green-Lights Value Capture District for Nicollet-Central Streetcar Line
Initial approval has been given by the Minneapolis City Council to redirect up to $60 million in property taxes to help pay for a streetcar line which would run along Nicollet and Central Avenues.