Regions
Impakt Development Nears Completion on School Conversion
by Adriana Pop, Associate Editor The conversion of the historic Fifth Avenue School into a luxury apartment building is nearing completion. Located near the South Side, Downtown and Oakland, Pittsburgh’s newest loft project offers 65 large floor plans. The Pittsburgh Business Times reported that work began in 2010, and the first units would be turned […]
TODAY'S DEALS: Carroll Organization Grabs Luxury Houston Asset
The Carroll Organization buys a 267-unit community just north of Houston; Canadian Apartment Properties REIT enters a $455 million acquisition agreement; and Walker & Dunlop closes a $6 million Fannie Mae financing.
SoCal Apartment Project Gets $26M in Funding From Canyon-Johnson
GLJ Partners has obtained $26 million in joint venture equity from the Canyon-Johnson Urban Fund for the acquisition of a 15-acre development site.
$21.6M Loan Closed for Charlotte Acquisition
Grandbridge Real Estate Capital has originated and closed a $21.6 million first mortgage loan secured by Morrison at SouthPark.
SPECIAL REPORT: AIM on the Mobile User Experience
At the 2012 AIM conference, Steve Taraborelli, VP of UDR, discussed the importance of making multifamily mobile sites accessible for users.
TODAY'S DEALS: Berkadia Lands $37M Refinance for Illinois Community
Berkadia provides a $37 million refinancing for a property in Illinois; SBV Communities completes its third acquisition in 2012 with the purchase of a 206-unit community; and Cassidy Turley BRE Commercial negotiates a $6 million sale.
MARKET SNAPSHOT: Lack of Construction in Portland to Send Vacancy Rates to Historic Lows
As the next building cycle for the Portland area is still another year out, vacancy rates are expected to fall to historic lows across the metro.
SPECIAL REPORT: AIM Conference Discusses How to Manage Ratings
At the 2012 Apartment Internet Marketing conference in Phoenix, panelists discussed the importance of Internet ratings for multifamily communities.
Panther Properties Starts Construction of Luxury Rentals in Tennessee
Panther Properties Investment has teamed with Integra Land Company to begin construction on the 264-unit Integra Creek Apartments in Murfreesboro, Tenn.
TODAY'S DEALS: JV Breaks Ground on $200M Project
A 250-unit mixed-use asset breaks ground in Maryland; North American Properties gains approval for a $600 million development in Georgia; and Red Mortgage Capital Funds a $9.6 million FHA 221(d)(4) loan for a historic property rehabilitation.