Regions
California Investor Acquires Texas Multifamily Community
MIG Real Estate has acquired the Cottages, an apartment property in Austin, Texas.
$75M Luxury Apartment Project Comes to Wheaton, MD
By Adrian Maties, Associate Editor After six years of planning, the Washington Property Co. has finally started work on Solaire-Wheaton, a $75 million luxury apartment development in Wheaton, Md. The project was put on hold during the recession. WPC is constructing the Solaire-Wheaton on the site of the former First Baptist Church of Wheaton, adjacent […]
TODAY’S DEALS: JV Lands Loan, Breaks Ground at Univ. of Miss.
EdR, Landmark begin a student housing project; Centerline Capital Group provides refinancing for an property in Nebraska; and Aztec Group Inc. closes a acquisition and bridge loan for a community in Florida.
HIT Invests $11 Million to Revitalize Two Chicago Affordable Housing Developments
The AFL-CIO Housing Investment Trust, a fixed-income investment company, is providing $11 million to fund substantial rehabilitation of two Chicago-based affordable housing developments.
MARKET SNAPSHOT: Apartment Demand Falls in Memphis, Causing Vacancy Rate to Flatline
In a market that has not been too friendly to multifamily over the past decade, demand in 2011 ticked slightly downward from a record-breaking performance of 1,149 unit absorptions in 2010.
California Apartments Being Renovated to Attract Students
Work is under way on the renovation of the Grove, an 80-unit apartment property in Davis.
TODAY’S DEALS: AIG Lands $37.2M for 379-Unit Tampa Asset
AIG Global Real Estate finances a Class A property; Walker & Dunlop provides $74.4 million to a 634-unit asset; and KeyBank Real Estate Capital closes a $15.8 million loan through Freddie Mac’s Capital Markets Execution program for a Class A property.
Stavrou to Build Townhomes in South Baltimore
By Adrian Maties, Associate Editor After nearly five years without any new towhnhome construction, the South Baltimore townhome market seems to be coming back to life. Steve Strohecker broke ground a few weeks ago on a four-townhome project. He is now followed by Annapolis-based Stavrou whose project will bring 10 luxury townhomes to South Baltimore. […]
Brooklyn to Get Hotel and Condos in One Community
Recently, Toll Brothers City Living and Starwood Capital Group announced that they have been selected to develop a luxury and eco-friendly hotel called 1 Hotel, and condominium community at the Brooklyn Bridge Park.
CNL Healthcare Trust, Sunrise Senior Living Form JV
CNL Healthcare Trust Inc. and Sunrise Senior Living Inc. have formed a joint venture to own seven seniors housing properties.