Regions
Economy Watch: Wealthy Households Do Well in Post-Recessionary Period
The Pew Research Center reported this week that the wealthiest 7 percent of American households experienced a 28 percent increase in their wealth during the post-panic years of 2009 to 2011.
D.C.-Area Apartment Building Repositioned as Condos
Currently, the Washington, D.C., area has more than 30,000 new rental apartments in the pipeline. That is among reasons Silverwood Companies and Freedom Development are shifting a recently acquired 67-unit apartment building in Arlington, Va., to condominium ownership.
Camden Property Trust Opens New High-End Community in D.C.
Camden Property Trust has opened Camden South Capitol, a 276-unit high-end apartment community in the Washington, D.C., market.
Cortland Partners Buys Atlanta, DFW Apartment Properties
Cortland Partners has acquired a portfolio of multifamily properties totaling 2,237 units in a series of transactions worth $244 million.
TODAY’S DEALS: IPA Brokers $19M California Property Sale at $204 Per Square Foot
IPA arranged the sale of Il Pompeii Apartments, a 111-unit luxury apartment community; and Jason Cohen Pittsburgh sells a property at a 350 percent premium.
Beal Derkenne Construction to Build Arizona Student Housing Community
Beal Derkenne Construction has started construction on Park Avenue, in Tucson, Ariz.
Economy Watch: Existing Home Sale Dip
Total U.S. existing home sales dropped 0.6 percent to an annualized rate of 4.92 million units in March from 4.95 million units in February, according to the National Association of Realtors.
Enterprise Community Partners, Inc. Announces New Co-Chair of the Enterprise New York Advisory Board
Enterprise Community Partners, Inc. announced today the election of Todd A. Gomez, Community Development Banking (CDB) Northeast Region Executive at Bank of America Merrill Lynch, to join David Cavalier as co-chair of the Enterprise New York Advisory Board.
JV Buys Student Housing Property in South Georgia
Innovative Student Housing and Harrison Street Real Estate Capital have formed a joint venture to acquire College Station at Valdosta, a student housing property.
Construction Begins on $7.2M Connecticut Affordable Housing Community
Construction has started on Gini’s House, a $7.2 million affordable supportive housing development in Norwalk, Conn., that will include 18 one- and two-bedroom apartments.