Regions
New Manhattan Apartments Feature Souped-up Daylighting Glass
A New York apartment building is the world’s first large residential project to use a combination of glass fiber veils that act as a controlled light diffuser.
TODAY'S DEALS: MAA Buys 240-Unit Community in Virginia
MAA buys a community in Chesapeake, Va.; a 272-unit purchase expands Bascom’s Texas portfolio to 20 properties; and Johnson Capital arranges a preferred equity investment of under $1 million.
River Park Estates Benefits from Procida Funding's 100 Mile Fund
The developer of River Park Estates, a 10-unit town home development in North Bergen, N.J., has obtained a $3.5 million bridge loan to permit completion of the project.
TODAY'S DEALS: Village at Playa Vista Gets Green Light
A 111-acre mixed-use development gets the green light; a San Fernando Valley building commands $225,000/unit in a Marcus & Millichap-brokered sale; and Beech Street Capital arranges $7.7 million for a Maryland asset.
Related, Shoma Buy Site for Miami-Area Mixed-Use Development
Related Group and Shoma Group have acquired land for a mixed-use development of multifamily housing, retail and other commercial product in the city of Doral in Miami-Dade County.
MARKET SNAPSHOT: St. Louis Sees Modest Improvement in Jobs and Leasing; Single-Family Picks Up Steam
After a three-year rut in employment growth, St. Louis saw the addition of 9,000 local jobs in 2011–with 14,000 more expected in 2012.
Crescent Resources Plans $37 Million Apartment Development in Tampa
Crescent Resources, in partnership with Global Growth Trust, acquired 25 acres in Tampa, Fla., and is set to build a $37 million apartment community called Circle Crosstown.
N.C. Affordable Seniors Housing Gets $3.75M Construction Loan
Ardsley Commons, an affordable apartment development for seniors in Locust, N.C., has obtained a $3.75 million construction loan.
Carroll Organization and Praedium Group Acquire Multifamily Property in Houston
Carroll Organization, a multifamily real estate firm focusing on ownership and operations, and Praedium Group, a real estate investment firm, have acquired a 302-unit apartment community in Houston.
Foundry Lofts Blazes Trail on D.C. Riverfront
Foundry Lofts, the first apartment building to debut along the water in Washington, D.C.’s Capitol Riverfront area, is 80 percent leased in just eight months.