Regions
MARKET SNAPSHOT: Albuquerque Multifamily Takes Hit Due to Poor Employment, Renewed Single-Family Growth
As employment in the Albuquerque MSA tumbled 0.5 percent in 2011, reflecting a loss of 1,900 jobs, demand for apartments fell to a four-year low.
TODAY'S DEALS: Berkadia Arranges $28M for L.A. Properties
Berkadia lands $28 million for two properties in Los Angeles; The NHP Foundation buys its first affordable housing property in New York City; and Northmarq arranges a financing of $13.1 million for an Aukum Management purchase.
Bascom Buys Honolulu Multifamily for $73.5M
Bascom Group has bought Oasis at Waipahu Apartments, a 406-unit property in Waipahu, Hawaii, for $73.5 million. According to the buyer, the deal represents the largest multifamily transaction in Hawaii since 2007.
Downtown Senior Apartment Project Lands New Equity Partner
By Gabriel Circiog, Associate Editor The economic downturn has taken its toll on many developments around the country, but a long-delayed downtown Denver senior-living project is set for a comeback as The Denver Post reports the developer has landed a new equity partner. Balfour Cosmopolitan LLC bought the 95,607-square-foot property back in 2006 for $7.7 […]
Claremont's Courier Place a Multi-generational Trailblazer
With its recent grand opening, the 74-unit Courier Place Apartment Homes became the first-ever multi-generational affordable housing to be developed by Jamboree Housing Corporation.
South Side Condo Project Defies Odds
It’s been a tough few years recently for condo projects in Chicago, so tough that most of them either haven’t gotten out of the ground or have been reinvented in the more glamorous end of multifamily, as rental apartments.
TODAY'S DEALS: AvalonBay Buys N.J. Asset for $63M
AvalonBay buys a 334-unit community in central New Jersey; ARA brokers the sale of a site approved for a seniors housing development in Denver; and Meridian Capital negotiates financings in the New York metro area.
Greystar and PREI Acquire 1.58 Acres for Multifamily Community
Greystar and Prudential Real Estate Investors recently formed a joint venture. The companies closed on 1.58 acres of land in Tysons Corner, Va.
New Housing Stock and Retail Space Set to Revitalize Downtown Yonkers
L+M Development Partners has teamed with the Yonkers Industrial Development Agency on the construction of Warburton Lofts, a historic restoration of loft-style rental apartments and retail space located at 44-50 and 54 Warburton Avenue.
TODAY'S DEALS: Bascom Continues Denver Acquisition Spree
The Bascom Group buys a 492-unit asset in Denver; Centerline Capital Group provides an $11.4 million refinancing for a property near St. Louis; and Eastern Consolidated is picked to market a possible redevelopment in Manhattan’s Upper East Side.