Regions
Fort Worth Housing Authority to Develop 18 Affordable Housing Units
The Fort Worth Housing Authority is restoring a historic building located east of downtown Fort Worth and combining it with new construction to create 18 affordable housing units to be called the Knights of Pythias Lofts.
Economy Watch: Residential Delinquencies Jump in September
LPS reported on Monday that the U.S. mortgage delinquency rate rose to 7.4 percent in September from 6.87 percent in August, a month-over-month spike of 7.72 percent.
Second Phase of Charlotte’s Sharon Square Coming Soon
Pappas Properties and Allen Tate Co have unveiled plans for the second phase of Sharon Square, a mixed-use property located at the corner of Sharon and Fairview Roads in the SouthPark district of Charlotte, Va.
TODAY’S DEALS: Jones Lang LaSalle Obtains $103M for Prime Properties
Jones Lang LaSalle secures $103 million in senior financing for two multifamily properties on behalf of Fairfield Residential; EdR and University of Kentucky enter Phase II on a student housing replacement initiative; and Colliers completes two REO sales totaling over $20 million in Los Angeles.
Long Island City’s The Industry LIC Now Sold Out
Commuting ease to Manhattan, modern design features and eye-popping skyline views are among factors that resulted in The Industry LIC luxury condominium recently reaching sold-out status.
Economy Watch: Existing Home Sales Edge Down
Existing home sales dropped 1.7 percent in September to an annualized rate of 4.75 million units, including both single-family and multifamily, according to the National Association, with August’s rate revised upward to 4.83 million.
Mixed-Use Property Planned Near Nationals Ballpark
Grosvenor Americas and Skanska USA Commercial Development have unveiled plans for a 650,000-square-foot mixed-use project directly north of the new Washington Nationals ballpark in the Capitol Riverfront district of Washington, D.C.
TODAY’S DEALS: Berkeley Point Capital Lands $40M for Houston Buy
Berkeley Point Capital sources $40 million for a Houston purchase; IPA brokers the sale of two assets in Reno for $35 million; and HFF secures $91 million in construction/permanent financing for Cathedral Commons.
World-Scale Urban Redevelopment Project Planned For Downtown Toronto
Oxford Properties Group, one of Canada’s largest pension funds, has unveiled its proposal for a $3 billion-plus mixed-use project in downtown Toronto.
Burj Khalifa Developers Announce New Mixed-Use Projects Worth Hundreds of Millions
Developer of the Burj Khalifa, Emaar Properties PJSC has recently launched two ambitious projects: the mixed-use Emaar Square in Uptown Cairo and Boulevardi in Cairo.