Regions
Meta Housing Corporation Completes Hollywood TOD
The Metro @ Hollywood, a $43.8 million transit-oriented mixed-use development featuring 120 affordable senior apartments and 5,500 square feet of ground floor retail, is now complete. Meta Housing Corporation is the developer of the property.
Economy Watch: Income Drops Slightly in April
The Bureau of Economic Analysis reported that personal income was down $5.6 billion, or a bit less than 0.1 percent, in April.
Joint Venture Breaks Ground on Affordable Community for Those with Developmental Disabilities
New York State Homes & Community Renewal, the New York State Office for People with Developmental Disabilities, Occupations Inc. and Warwick Properties Inc. announced the groundbreaking of an affordable community in Middletown, N.Y.
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.