Regions
Brandywine Homes Announces First Multifamily Development
Brandywine Homes, a residential developer based in Irvine, Calif., announced its plans for its first multifamily development, the first of four apartment communities.
MBA Publishes White Paper on the Future of Multi-Housing Finance and the Government-Sponsored Enterprises
The Mortgage Bankers Association (MBA) released a white paper that underscores the importance of multifamily rental housing and examines the role of the Government Sponsored Enterprises in multifamily housing finance going forward.
Investment Sales Leaders William Collins, Paul Collins Promoted to Vice Chairmen of Cassidy Turley
Cassidy Turley, a commercial real estate services provider, has promoted William Collins and Paul Collins, leaders of the Washington, D.C., Capital Markets team, to vice chairmen, and also promoted Washington, D.C., Capital Markets executives Drew Flood, James Cassidy and Jud Ryan to executive managing director.
Sofitel Luxury Hotels to Open New Property in Bali Next Year
Sofitel Luxury Hotels continues to expand across Southeast Asia with the addition of a new property in Bali, one of the world’s most popular holiday destinations.
Indian Residential Market Made Shinier with Swarovski Partnership
Gateway Towers I is the latest Indian property to try and dazzle luxury seekers. In attempting to do so, the luxurious residential development has associated itself with bedazzling giant Swarovski.
Historic Los Angeles YMCA Reborn as 28th Street Apartments
The 28th Street YMCA in South Los Angeles, a landmark building designed by trailblazing African-American architect Paul Williams, has been given a $21 million restoration and repurposing as the 28th Street Apartments.
Economy Watch: Retail Sales Up in November
According to the Census Bureau on Thursday, U.S. retail sales for November—adjusted for seasonal variation and holiday and trading-day differences, but not for price changes—increased 0.3 percent month-over-month.
Raintree Acquires SoCal Apartment Property
Raintree Partners has acquired Archstone Ventura Colony, a 272-unit multifamily property in Ventura. The company paid about $60 million, or $220,680 per unit.
Economy Watch: FOMC Sets Stimulus Goals
The Federal Open Market Committee met on Wednesday and, among other things, promised to keep the federal funds rate at 0 percent to 0.25 percent, as it has been since the onset of the Great Recession.
TODAY’S DEALS: Inland Buys Two Student Housing Assets for $94.6M
Inland American Communities acquires two student housing assets; Elco buys four properties from Equity Residential; and Alliant Capital completes a $5.98 million refinance loan at 3.48 percent rate.