Regions
Affordable Housing Community to be First New Construction of Apartments in Ewing Township in 40 Years
The Gardens at Birmingham, a planned 48-unit affordable housing community in Ewing Township, N.J., was awarded Federal Low Income Housing Tax Credits by the New Jersey Housing & Mortgage Finance Agency.
MAA Acquires KC Apartment Property
MAA has acquired Market Station, a mid-rise apartment property in the River Market area of Kansas City, Mo., for an unspecified price.
Economy Watch: Construction Spending Drops Slightly
The Census Bureau reported on Monday that U.S. construction spending edged down 0.6 percent in August compared with July, with both private and public construction spending off a bit.
Danbury Apartment Community on the Market
Brookview Commons, an 80,340-square-foot multifamily community located in downtown Danbury, Conn., is on the block.
TODAY’S DEALS: Bascom Completes Colorado Sale with Help from ARA
ARA represents Bascom in a $42.3 million sale; NAI Hunneman brokers a Massachusetts transaction; and Aries Capital provides a $3.3 million loan.
Resmark and Intracorp Plan Seattle Rental Communities
The northeast side of Seattle will soon welcome two new apartment communities to be developed by Resmark Apartment Living and Intracorp.
Economy Watch: Consumer Spending Up in August, Incomes Not So Much
There was a disconnect between a rise in consumer spending and a rise in personal income during August, according to the Bureau of Economic Analysis on Friday, and it didn’t bode well for the U.S. economy.
TODAY’S DEALS: Bascom Continues Phoenix Buying Spree
Bascom buys two assets; Centerline Capital provides financing for a Colorado acquisition; and Commercial Mortgage Capital closes $46.5 million in financing in August.
Suburban Dallas Apartment Property Breaks Ground
Work is under way on a $50 million, 444 unit-development apartment in suburban Dallas, as part of a larger joint venture by Catlyn Capital Corp. and TDI Real Estate Holdings LLC.
Beech Street Capital Closes $92.6M in Freddie Mac Loans to Acquire Three Nashville Communities
Mortgage Banking company Beech Street Capital LLC recently closed $92.6 million in Freddie Mac Capital Markets Execution loans for the acquisition of a three-property portfolio in Nashville, Tenn.