Regions
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.
Hines Announces Tour Carpe Diem as First French High-Rise to be Awarded LEED Platinum Certification
A major office building in the French capital has just set an important milestone as it became the first French high-rise structure to be awarded with Platinum certification under the U.S. Green Building Council’s Leadership in Energy and Environmental Design for Core & Shell Rating System.
First Wyndham Hotels and Resorts Property in UAE to Open in the Dubai Marina
Wyndham Hotel Group recently announced plans to open the first Wyndham Hotels and Resorts property in the United Arab Emirates after signing an agreement with Sigma III Limited, a subsidiary of British-owned developer The First Group, to manage its 33-story building in the Dubai Marina.
MARKET SNAPSHOT: Vacancy Plummets as Tech Sector Booms in Salt Lake City
As markets across the country begin to approach plateaus in terms of occupancy and rent growth, Salt Lake City is continuing to see sharp declines in vacancy and steady hikes in pricing.
Economy Watch: Home Buildings More Cheerful (or Less Glum)
The National Association of Home Builders reported that its housing market index increased three points in May to 44.
TODAY’S DEALS: NGKF Sells Two Massachusetts Properties
NGKF sells two assets for a combined $32.5 million; Northmarq arranges acquisition financing of $34.7 million; and Grandbridge Real Estate Capital closes three seniors housing transactions totaling $23.5 million.
Work Starts on Three SoCal Apartments
Mill Creek Residential has broken ground on three multifamily communities in southern California, which will total 713 units when completed over the next two years. The three properties are in Glendale, Laguna Niguel and Irvine.
Yardi Joining Revenue Management Experts at 2013 NAA Conference & Expo Discussion
Yardi announced its participation in a session at next month’s 2013 NAA Conference & Expo that will offer insight into how managers of rental properties can maximize revenue with automated revenue management systems.