Regions
Alliance Residential Company Sells Seattle’s Domaine
Alliance Residential Company has sold Domaine, a 92-unit multifamily community in Seattle it acquired in 2009, to a public REIT.
Economy Watch: Consumers Borrow More for Schooling, Vehicles
Consumer borrowing rose at an annualized rate of 7 percent in November, according to the Federal Reserve on Tuesday. The lion’s share of the increase was non-revolving credit, especially student loans, which was up an annualized rate of 9.5 percent.
Public/Private Financing Unveiled for Brooklyn Apartment Project
1133 Manhattan Avenue, a mixed-use development by the Domain Cos. in Greenpoint, Brooklyn, is a step closer to realization with financing through the New York City Housing Development Corp. and by Goldman Sachs.
The Community Preservation Corporation Announces New Board Members
he Community Preservation Corporation (CPC), a non-profit lender for affordable housing throughout New York State, announced today the election of three new affordable housing career leaders to the CPC Board.
Crossbeam Concierge Constructs Class A Community in San Antonio Area
Crossbeam Concierge is delivering the Villas at Mira Loma, a new Class A apartment community located in the Live Oak submarket of San Antonio.
TODAY’S DEALS: TM Equities Completes $82.8M Colorado Buy
TM Equities buys a 660-unit asset in Colorado; Aimco sells a 600-unit community in Illinois; and Aztec Group secures a $49.6 million loan encumbering two properties in Florida.
Economy Watch: Multibillion-Dollar Mortgage Settlements Unveiled
Bank of America reached an $11.6 billion settlement with Fannie Mae on Monday, putting the banking giant a step closer to putting the countrywide mortgage shenanigans of the 2000s to rest.
Goldman Sachs and Greystar to Acquire $1.5 Billion of Assets from Equity Residential
Greystar Real Estate Partners announced they are partnering with Real Estate Principal Investment Area of Goldman, Sachs & Co. to purchase a $1.5 billion portfolio of multifamily assets from Equity Residential.
Apartments Open in the Village of Providence
The Sterling Group has opened Providence Place Apartment Homes in the Village of Providence in Huntsville. The new property includes 226 market-rate units in 10 buildings, and it features one-, two- and three-bedroom layouts.
Kelly Rowley Named as National Training Director at Madison Apartment Group, L.P.
Madison Apartment Group, LP, the multifamily operating arm of BPG Properties Ltd., announced today that Kelly Rowley has been named national training director for the company.