Regions
Waterbury Mixed-Use Property Trades Hands
VBF LLC, a regional owner of multifamily and commercial property, has purchased a mixed-use property at 380 West Main St. in Waterbury, Conn., for $1.48 million.
Omni Housing Development Revitalizes Sustainable Affordable Community
Omni Housing Development has nearly completed Phase 1 of the redevelopment on an affordable housing community in Rome, N.Y., called Liberty Gardens. In addition, the community is designed to be sustainable.
Behringer Harvard Aims to Build Dallas Luxury Multifamily Development
Behringer Harvard has acquired a 3.9-acre multifamily development site in Victory Park, Texas, with plans to construct a 377-unit luxury community called The Arpeggio Victory Park.
Economy Watch: Fed Still Mum About Stimulus
The Fed’s annual symposium at Jackson Hole, Wyo., is later this week, and Fed chairman Ben Bernanke will speak at the event on Friday, which has set off the latest round of speculation about whether the central bank will try to stimulate the economy once again.
Joint Merger to Produce Transit-Oriented Multifamily, Commercial and Single-Family Community
Jackson-Shaw has started construction of Brickyard Station. This transit-oriented property will include 433 residential units, which are being developed by JLB Partners. Additionally, Ryland Homes is building 400 single-family homes and townhouses in the community.
Ground Broken For Suburban Boston Apartments
Work has started on the Alta Legacy Farms, a 240-unit apartment development in Middlesex County, Mass., west of Boston.
First Phase of Lake Highlands Town Center in Dallas Breaks Ground
A 200-unit mixed-use multifamily development is under construction in the first phase of Lake Highlands Town Center in Dallas.
First Purpose Built Student Housing Development Launches in Brighton, UK
With the student housing market on an upswing across the South of England, due to both international and domestic students, as well investors, Property Frontiers Ltd. has announced the launch of the first purpose built student housing investment in Brighton, UK.
Economy Watch: Displaced Workers Lose Ground, Even After Finding New Jobs
The Bureau of Labor Statistics reported in its biennial Displaced Workers Summary, which tracks workers who lost jobs that they held for more than three years, that 6.1 million workers were displaced from such long-held positions during the period from January 2009 through December 2011.
TODAY'S DEALS: SL Green to Develop Manhattan Dorm Tower
SL Green led JV to build a dorm in Manhattan; Beech Street Capital provides $33 million in Fannie loans to two Baltimore-area assets; and Colliers International represents the buyers and sellers in the $7.7 million sale of an apartment property in San Diego.