Regions
‘Wow’ the Word for N.J. Program Saluting Veterans’ Service
Villas at Piscataway, a Piscataway, N.J., mixed-use development, has unveiled a unique initiative to make its luxury apartments affordable for military veterans.
California REIT Buys Charlotte Apartments
KBS Legacy Partners Apartment REIT Inc. has bought Wesley Village, an apartment community in Charlotte, N.C., for about $45.8 million.
EdR Buys Tucson Student Housing for $67M
EdR has acquired a 764-bed student housing community, The District on the 5th, which is near the University of Arizona in Tucson, from Residential Housing.
TODAY’S DEALS: Decron Snaps up a California Asset
Decron completes a $70 million buy; HFF secures $54 million in bank and mortgage REIT financing for an apartment asset acquisition; and Berkeley Point Capital provides $29.6 million for a KBS Legacy Partners REIT’s acquisition.
Canada Pension Plan Investment Board Expands Into Brazil with Global Logistic Properties Partnership
Canada Pension Plan Investment Board announced they are entering a joint-venture partnership with Global Logistic Properties Ltd., the world’s second largest owner of industrial property.
As Naga2 Holds Groundbreaking Ceremony, NagaWorld Seems to Take Shape in Phnom Penh
A massive hospitality development recently held its groundbreaking ceremony in the city of Phnom Penh, as NagaCorp Ltd. has begun working on the largest integrated resort in Cambodia, and the first one to feature two luxury hotels and a podium block.
Hyatt Announces Plans For Its First Hyatt Regency-Branded Hotel in Bangkok
Hyatt Hotels Corporation has announced plans to open its first Hyatt Regency-branded hotel in Bangkok. Upon completion in 2017, Hyatt Regency Bangkok, Sukhumvit will join the already open Grand Hyatt Erawan Bangkok.
McKinley’s Alexandra S. Jackiw, Managing Director, Residential Client Services Assumes Helm of National Apartment Association
McKinley’s CEO Albert M. Berriz announced that Alexandra S. Jackiw assumed the helm of the National Apartment Association (NAA) as its Chair of the Board last week during the NAA 2012 Assembly of Delegates.
Mortgage Delinquency and Foreclosure Rates Decreased During Third Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the third quarter of 2012, a decrease of 18 basis points from the second quarter of 2012, and a decrease of 59 basis points from one year ago, according to the MBA National Delinquency Survey.
MARKET SNAPSHOT: Toronto Multifamily Remains Tight as Rents Rise and Concessions Fade
While sales velocity has ticked down somewhat over the past year, prices for apartments in the city of Toronto remain extraordinarily high.