Regions
Jordan’s Highest Residential Tower Tops Out
Jordan’s future tallest residential tower is well on its way to completion, with developer DAMAC Properties announcing the topping out of the 36-story The Heights.
MARKET SNAPSHOT: Absorption in Cincinnati Expected to Reach 14-Year High as Manufacturing Booms
The City of Seven Hills is witnessing a surge in manufacturing positions that is translating to heightened employment overall and a sustained demand for rental units.
Corvias to Develop Student Apartments for Alabama College of Osteopathic Medicine
Corvias Campus Living, the new student housing division of Corvias Group, will build and manage three 30,864-square-foot residential apartment buildings for the Alabama College of Osteopathic Medicine.
Economy Watch: ADP Says Sandy Put Dint in Hiring
Automatic Data Processing, which prepares hiring numbers in cooperation with Moody’s Analytics every month, said that the U.S. private sector created 118,000 jobs in November, a drop from the 157,000 the company reported in October.
Riverstone Residential Group Announces Senior Vice President Appointments
Riverstone Residential Group, a privately owned, third-party multifamily property management company, announced the appointments of two key leadership associates, Lesa LaRocca and Mark McElvain, ARM, CPM.
TODAY’S DEALS: Manhattan High-Rise Lands $130M Refi
HFF arranges $130 million for a high-rise in New York; AIMCO breaks ground on a $32.6 million renovation in California; and Berkadia identifies the best lending source for a Texas community.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 30, 2012.
KeyBank Real Estate Capital Provides $25 Million for Colorado Apartment Community
KeyBank Real Estate Capital recently closed a $25 million, 10-year loan through Freddie Mac for Ken Caryl Wadsworth Development Company
Clifford Beers Housing and PATH Ventures Announce New North Hollywood Seniors Community
The 49-unit NoHo Senior Villas in the NoHo Arts District of North Hollywood has opened for residents. The property accommodates low-income seniors, including 30 who were previously homeless and living with mental illness.
Dominium Celebrates 40th Anniversary
Dominium, an apartment development and management company announced that it is celebrating its 40th anniversary.