Regions
Wood Partners LLC and East West Partners Plan New Luxury Apartment Community
By Gabriel Circiog, Associate Editor Wood Partners L.L.C. and East West Partners announced that they have arranged capital from USAA Real Estate Company for the development of a luxury apartment community in the heart of the Union Station/Riverfront Park redevelopment. The $62 million Alta City House, located at 1801 Chestnut St., will include 280 units […]
Chicagoland Apartment Association Unveils Apartment Living Campaign
“We’ve been through a very difficult recession, but the rental market has pulled out of it more quickly than other parts of the economy. More and more people will be choosing renting,” says Chicagoland Apartment Association vice president.
TODAY'S DEALS: IPA Sells Tampa Community for $12.6M
IPA arranges a $12.6 million sale in Tampa; Centerline Capital provides a $6.6 million loan for a two-property acquisition in Utah; and Walker & Dunlop originates a $18.2 million refinance loan carrying two-years interest-only.
CIS to Redevelop Distressed Apartments into Affordable Units
Community Investment Strategies has partnered with the township of North Brunswick to redevelop the distressed Oak Leaf Village Apartments into 183 new affordable apartment rental units.
Security Properties Buys Tempe Multifamily Property
Security Properties Inc. has acquired MetroPointe, a 408-unit apartment property in Tempe, Ariz.
Paragon Plans 400,000-Square-Foot Outlet Shopping Center in Cedar Grove
By Gabriel Circiog, Associate Editor Paragon Outlet Partners L.L.C. has presented to the Eagan Economic Development Authority a preliminary concept plan for a new upscale outlet shopping center in Cedar Grove. The Baltimore-based developer proposes a project that would feature between 90 and 100 high-end outlet stores on approximately 35 acres of land. With more […]
Trigild Adds Seven Multifamily Communities to Its Portfolio
Trigild, a San Diego-based real estate management and loan recovery firm, recently expanded their multifamily portfolio with the addition of seven multifamily communities across the United States.
Multifamily Had the Most Sizzle in Brooklyn CRE in 2011
Like in much of the rest of the country, Brooklyn has excited the interest of investors on the hunt for multifamily properties.
TODAY'S DEALS: American Realty Advisors Buys Two Seattle Assets
American Realty Advisors acquires two mixed-use communities in Seattle; Archstone breaks ground on a rental townhouse community; and NorthMarq arranges a $14.3 million seven-year Freddie Mac loan.
Sacramento County Facing Affordable Housing Crisis
According to “Out of Reach 2012,” a National Low Income Housing Coalition report, 54 percent of renters in California’s Sacramento County can’t afford to rent a typical two-bedroom apartment.