Regions
La Jolla Townhouse Project Complete
Construction is complete on Paseo La Jolla, a 24-unit townhome property in La Jolla. The property also just opened a new two-bedroom model home and a sales center.
The Altman Companies to Develop 321-Unit Fla. Community
The Altman Companies, a Boca Raton, Fla.-based developer, announced that it has closed on 24.6 acres in Kendall, Fla.
TODAY’S DEALS: LYND Residential Acquires 438-Unit Asset in Houston
LYND residential makes a value-add buy in Houston; Federal Capital Partners provides $10 million in mezzanine debt for a Virginia development; and NorthMarq Capital arranges a $38 million loan from a life insurance company.
Brookfield Multiplex Completes $54M Green Student Housing Community in Sydney
Brookfield Multiplex, an international contracting and development company has announced completing University Terraces, a $54 million green student housing project at the University of New South Wales in Sidney.
Global Hospitality Icon Announces Record-Breaking Growth for the Sheraton Brand
Starwood Hotels & Resorts Worldwide, Inc. has announced plans for the opening of 30 new Sheraton properties across the world over the next 12 months.
Ellis-Trick Multifamily Receives $19.6M Financing for Student Housing Community
Ellis-Trick Multifamily has received $19.6 million in financing for The Bluff at Waterworks Landing, a recently constructed, off-campus student housing community serving the University of Alabama.
MARKET SNAPSHOT: Operators Take Advantage of Improving Economic Conditions in Las Vegas
After lagging behind most major markets for some time, Las Vegas’ apartment sector is seeing an acceleration of activity.
Economy Watch: GDP Edges Down in 4Q
Real U.S. gross domestic product declined at an annualized rate 0.1 percent during the fourth quarter of 2012, according to the Bureau of Economic Analysis’ preliminary estimate.
Freddie Mac Announces Second Multifamily Securities Offering of the Year, K-025
Freddie Mac announced a new offering of Structured Pass-Through Certificates (“K Certificates”), which are multifamily mortgage-backed securities.
Corvias Group Announces New EVP of Property Management and SVP of Construction Operations
Corvias Group, a privately-owned, vertically-integrated real estate solutions group, announced that Charles E. Parker (Chuck) has been hired as executive vice president of property management and Edward Milch has been hired as senior vice president of construction operations.