Regions
Chicago’s Lake Shore Drive to Sprout 500-Unit Luxury Apartment Tower
A new residential high-rise will soon grace the skyline of Chicago, now that Related Midwest has kicked off construction of a 45-story luxury apartment building on a one-acre, block-long site at 500 Lake Shore Drive.
TODAY’S DEALS: IPA Sells 298-Unit Community
Institutional Property Advisors arranges the sale of a 298-unit community for $23.2 million; The Largo Group of Companies arranges refinancing for a community in Farmington, N.Y.; and Houlihan-Parnes arranges the sale of five Bronx apartment buildings.
Regency Club Apartments Sale Closes
In a $44 million deal announced recently, Regency Club Apartments in Jackson, N.J. sold to Gaia Real Estate Investments, LLC, and partners Phoenix Realty Group and Harel Insurance.
MHN Interview: A Look at the Nation’s First Zero-Energy, Carbon Neutral Homes
An interview with the project manager of the innovative zHomes, a new zero-energy, carbon neutral apartment community.
TODAY’S DEALS: Continental Realty Purchases 355-Unit Community in Louisville
Continental Realty Advisors buys a 355-unit community in Louisville, Ky.; Colliers International closes a $12.8 million sale in California; and Walker & Dunlop closes $93 million life company refinance loan.
Escondido Workforce Housing Completed
The Crossings at Escondido in San Diego County offers workforce housing to tenants earning between 30 percent and 60 percent of area median income.
Boston Capital Announces Investment in Affordable Housing
Quality of life for low-income families in Virginia stands to be boosted as a result of new investment by the largest owner of apartments in the United States.
TODAY’S DEALS: Marcus & Millichap Arranges $32.5M Inland Empire Sale
Marcus & Millichap sells a 304-unit community in Riverside, Calif.; Chestnut Hill Realty buys a $24.8 million portfolio in Cambridge, Mass.; and Walker & Dunlop LLC closes 40-year HUD loan at 4.63 percent interest.
Trump Name to Grace $150M Residential High-Rise in Manila
New upscale condo skyscraper is on track for the Philippines. High-end housing in Manila is becoming a coveted market for both investors and homebuyers.
MARKET SNAPSHOT: East Bay Vacancy Declines, Planning Pipeline Expands
Oakland, Calif.–Vacancy in the East Bay is projected to reach levels seen three years ago, according to Marcus & Millichap’s third quarter 2011 Apartment Research Market Update.