Regions
Interserve Signs Joint Venture Deal with Tiger Developments to Build $300 Million Mixed-Use Project in Edinburgh
Britain’s Interserve Plc has signed a joint venture deal with Scottish landowner Tiger Developments to construct and invest in the Haymarket area of Edinburgh.
MARKET SNAPSHOT: Construction Soars in Minneapolis as Employment and Occupancy Keep Pressure on Rents
The Twin Cities MSA is continuing to see exceptionally low vacancies, as strong employment growth and renter demand squeezes the supply of existing inventory.
Behringer Harvard Begins Construction on Houston Luxury Multifamily Community
Behringer Harvard has started construction on The Muse Museum District, a planned luxury multifamily community with 270 apartments in Houston.
Economy Watch: Apartment Market Continues to Tighten
Apartment vacancies nationwide continued to shrink in the first quarter of 2013, according to a report by Reis Inc.
TODAY’S DEALS: Panther Properties Acquires Three Class A Assets for $75M
Panther Properties buys a Southern portfolio; Berkeley Point Capital closes a $32.7 million refinance loan for a California asset; and NorthMarq Capital arranges $19.35 million in acquisition financing.
Carroll Organization Continues Houston Multifamily Expansion
The Carroll Organization has acquired two residential properties in Houston, the 330-unit Waterford on Westheimer and Villas at Westheimer, which also totals 330 units.
Construction Begins on New TOD in Charlotte’s Historic Arts District
The NoDa District of Charlotte, N.C., an enclave of distinctive galleries, restaurants, bars and performing spaces, will soon be home to a brand new 340-unit apartment building.
Corvias Group Renames Military Housing Division
Corvias Groupannounced that its military housing division will now be called Corvias Military Living, advancing a corporate re-branding that began in July 2012 with the introduction of the company’s new student housing division, Corvias Campus Living.
Economy Watch: Fannie Mae Roars Back to Profitability
Fannie Mae, practically given up for dead during the abyss of the Great Recession, showed signs of life in 2012.
TODAY’S DEALS: Pollack Shores Acquires 252-Unit Asset in Florida
ARA brokers a 252-unit sale in Florida; Centerline provides a $3.6 million refinance for an age- and income-restricted property in Minnesota; and Ideal Realty Group brokers the sale of two apartment towers by Virginia’s transportation department.