Regions
Survey Reveals Housing Discrimination Still Major Issue in United States
According to a recent survey, community-based organizations reported that housing discrimination is still a major problem in the United States for the disabled, immigrants and families with children, among others.
TODAY'S DEALS: ARA Breaks State Record with Oklahoma Sale
ARA brokers a $77 million sale in Oklahoma; Hendricks & Partners negotiates a $38.5 million sale on behalf of TIC sellers; and Sterling University Housing sells a 122-unit community in Ohio.
NYC Property Tax Policies Favor Homeowners Over Renters, Report Finds
Owners of New York City’s large rental apartment buildings shoulder a disproportionate share of the city’s overall property tax burden, due to the fact they are subject to a higher effective property tax rate than owners of one- to three-bedroom homes.
Park and Urban Beach Revitalize New Jersey
New Jersey Governor Chris Christie and Richard LeFrak, chairman and CEO of the LeFrak Organization, announced the opening of Newport Green, a 400-acre mixed-use property, the latest development in Jersey City.
NDC Launches New Equity Fund
The National Development Council has launched its 10th low-income housing tax credit fund.
TODAY'S DEALS: Berkeley Point Provides $22.7M for Alabama Acquisition
Berkeley Point lands a $22.7 million acquisition loan for a property in Alabama; Holliday Fenoglio Fowler lands a large marketing contract in Chicago; and Grandbridge Real Estate Capital closes on a $61.8 million Fannie Mae acquisition financing.
MARKET SNAPSHOT: Employer Growth Translates to Plummeting Vacancies and Higher Rents in Louisville, Ky.
An expansion in payrolls is likely to add an exclamation point to an already strengthening multifamily sector in Louisville, as employers such as UPS, General Electric and Ford plan to boost hiring in the metro throughout 2012.
Construction Starts on 256-Unit Alta Heights in Houston
Wood Partners LLC, a multifamily developer, has began work on Alta Heights, a 256-unit apartment community situated on 3.5 acres at 145 Heights Blvd., in Houston’s Washington Corridor.
141 Affordable Apartment Units to be Renovated in Connecticut
Related Affordable, a division of Related Companies, has announced that it will provide $3.7 million in renovations and upgrades for 141 affordable units in the River Run Apartments community.
TODAY'S DEALS: Health Care REIT, Chartwell Complete $936.5M Purchase in Canada
Heath Care REIT and Chartwell Seniors Housing acquire 42 assets in Canada; Beech Street provides $16.3 million for a 296-unit asset in Florida; and Walker & Dunlop supplies a $15.9 million Freddie Mac CME loan to HAP property.