Regions
Single-Buyer Multifamily Portfolio Sold in Colorado
A four-property multifamily portfolio stretching from metropolitan Denver to Colorado Springs, Colo., has been sold, with the sale brokered by the Atlanta-based full-service investment advisory brokerage firm ARA.
MIG Real Estate LLC Acquires Two Residential Communities in Lakewood
By Gabriel Circiog, Associate Editor MIG Real Estate LLC has acquired two residential communities in the Lakewood submarket of Denver. The Newport Beach, Calif.-based real estate investment company purchased The Hamptons and The Huntington, representing the fifth and sixth acquisition for the company in Colorado. The Hamptons is a 312-unit residential community located at 8507 […]
Economy Watch: CoreLogic Says Home Prices Up
Home prices nationwide increased on a year-over-year basis by 2.5 percent in June 2012 compared with the same month last year, including distressed sales, according to CoreLogic on Tuesday.
Elmwood Park, N.J., Gets First Luxury Multifamily Community
Riverfront Residential, a New Jersey-based development company, recently announced that construction is complete on the first phase of Riverwalk, the first luxury multifamily community in Elmwood Park, N.J.
Victorian Factory Becomes Green Apartments
The Abbot Mill renovation in Forge Village of Westford, Mass., has been completed. Originally built in 1870 and long a part of the industrial history of Massachusetts, the property now includes 131 residential units, 13 of which are affordable housing.
Economy Watch: Employment Growth Up, But Economy Still Spinning Its Wheels
Though the report turned out better than expected, July’s employment numbers still count as mediocre.
Terra Group Plans for New Residential Towers in Coconut Grove
Terra Group, a Miami-based real estate development company, is planning to build Grove at Grand Bay, two luxury towers nestled in Coconut Grove comprising 96 units. The residential buildings are expected to be certified LEED Silver.
TODAY'S DEALS: AIMCO Completes 192-Unit Sale
AIMCO buys a 192-unit asset in Florida; Arbor closes six DUS deals totalling $33.5 million; and CB Richard Ellis — N.E. Partners LP completes the sale of a $10 million asset in Allston, Mass.
Economy Watch: Demand for Prime Mortgages Up
The Federal Reserve released its July “Senior Loan Officer Opinion Survey on Bank Lending Practices” on Monday, offering the conclusion that “modest fractions of domestic banks, on balance, continued to report having eased their lending standards across most loan types over the past three months.”
TODAY'S DEALS: EdR Completes Mezz Loan, Enters Option to Purchase Penn State Asset
EdR invests in a Penn State development; HFF provides financing for three Texas assets; and Boston Capital invests in two affordable developments.