Regions
MARKET SNAPSHOT: Jacksonville Sees First Job Growth in Years; Vacancy to Level Out at 8.5 Percent
After lagging considerably behind the rest of the country in economic recovery, the city of Jacksonville posted an employment gain of 1.0 percent in 2011—translating to the addition of 5,900 new jobs.
Yardi Acquires ista North America's Multifamily Services Group
Yardi has acquired ista North America’s Multifamily Services Group, a supplier of energy and water metering, billing and management services.
Affordable Seniors Housing Opens in Riverside
The 224-unit Vintage at Snowberry Apartment Homes, an affordable seniors housing project in Riverside, has opened fully leased.
MHN Interview: Affordable Housing Gets Some 'Southern Charm'
Milton Prat, senior vice president, The Michaels Organization, speaks to MHN about their new affordable housing community in Montgomery, Ala.
Highwoods Properties Buys $26M Building from its Partner
by Adriana Pop, Associate Editor Highwoods Properties Inc. has purchased full ownership of a 178,300-square-foot office building in Cary from its joint venture investor, in a transaction valued at $26 million. Highwoods had developed the four-story building located at 11000 Weston Parkway in 1998. One year later, the company sold 77 percent ownership in the property […]
TODAY'S DEALS: JLL Secures $93M of Development Capital for San Jose Project
JLL closes financing for a $93 million multifamily development in San Jose; Kennedy Wilson buys a 409-unit asset in Sacramento; and American Realty Advisors buys a 62-unit luxury asset in Brooklyn.
TODAY'S DEALS: MAA Buys a 230-Unit Community in Atlanta
MAA completes a 230-unit purchase in Atlanta; IPA brokers the sale of Sentinel Real Estate’s 216-unit Lakes of Northdale near Tampa; and Centerline Capital provides a $39.6 million refinancing transaction.
Team Approach Taken for Bronx Affordable Housing Development
In a collaborative effort, Enterprise, The New York City Housing Authority, Bronx Pro Group, New York City Department of Housing Preservation and Development, and Services for the UnderServed are constructing a 49-unit green supportive housing development.
Nashville Condo Market Perks Up
Written off as comatose as little as a year ago, Nashville’s condo market has shown signs of life recently, with the overhanging inventory of developer-owned (and lender-owned) units finally burning off.
TODAY'S DEALS: ARA Brokers $18.5M Sale in South Carolina
ARA brokers the sale of two assets; Associated Estates buys an L.A. office with plans to build apartments; and NorthMarq Capital arranges a $15.5 million mortgage for a Washington, D.C., property.