Regions
Economy Watch: Homebuilders Feeling Better
The National Association of Home Builders reported that its housing market index increased 3 points in September to 40.
TODAY’S DEALS: SC Bodner Co. Sells $23M Asset
ARA completes a $23 million sale; Inland buys a 272-unit asset in Bradenton, Fla.; and Centerline Capital Group refinances a property in Illinois with a $6.5 million Fannie Mae loan.
Pathfinder Acquires Former Foreclosed Property in Riverside
Pathfinder Partners has acquired Tuscan Townhomes, a 63-unit project located on Magnolia Ave. in Riverside.
TF Cornerstone Hosts Event for Residents…and Pets
TF Cornerstone is going to the dogs. And they’re OK with that. The real estate developer recently hosted a fashion event at Hudson Yards, a rental community in Manhattan, for pets and the people who love them.
Ann Arbor $50 Million Mixed-Use Building in the Works
Property owner Phil Sotiroff is hoping to convert his building on 1320 S. University into a $50 million mixed-use building in Ann Arbor, which would bring more student housing and encourage greater walkability and density to the South University Downtown Area.
Economy Watch: Manufacturing Sector Running Out of Steam
The Empire State index unexpectedly decreased to negative 10.4 in September from negative 5.9 in August, according to the New York Federal Reserve’s manufacturing survey, which was released on Monday. It’s the lowest reading since November 2010.
Investor Snaps Up San Antonio Apartment Property
The Palomino, a 484-unit multifamily complex in San Antonio, has traded hands for an undisclosed price.
Parley’s Partners and KTGY Group Begin Construction on $45M TOD in Utah
Construction has begun on Phase I of Birkhill on Main Apartment Homes, an eco-friendly, transit-oriented development in Murray, Utah.
New Orleans’ St. Michael School to Get a Fall Facelift, Courtesy of IREM® and its Local Chapter
St. Michael Special School will be the beneficiary of a special community service project to be undertaken by members of the Institute of Real Estate Management (IREM®) and its local chapter in conjunction with the group’s upcoming national Fall Leadership Conference to be held at the New Orleans Marriott from Oct. 16 to 20.
Batter Up! The Harrison Brings a Bit of Chicago’s Wrigleyville to Ft. Wayne
As Major League Baseball fans know, games at Chicago’s Wrigley Field involve more than just the action on the field and the spectators in the stadium.