Regions
Poll Finds that Americans May Still Favor Homeownership
Despite the housing and economic crisis, owning a home is still a part of the American dream, at least according to a national poll of 1,500 likely voters.
TODAY'S DEALS: Colonial Properties Buys Class A Community in Raleigh
Colonial Properties Trust buys a 350-unit community in Raleigh; Phoenix Realty Group acquires a 288-unit property in California; and Arbor funds the first FHA-insured loan with HUD’s new multifamily documents.
Multifamily REITs Looking Forward to Strong 2012
Moody’s Investors Service reports that the future looks good for REITs that specialize in multifamily properties.
Today's Deals: Northwestern Mutual Sells Ann Arbor Asset
Northwestern Mutual sells an Ann Arbor asset; Equity Residential sells a 432-unit property in Virginia; and Dominion America Realty closes a loan modification and finance restructure.
830-Acre Purchase Paves Way for $2.5B Smart Growth Community
LNR Property LLC, developer of the SouthField master-planned community outside of Boston in Southfield, Mass., has just wrapped up the acquisition of the final 830 acres required to bring the 1,400-acre, $2.5 billion project to fruition.
Residential Component Likely at Proposed Javits Center Redevelopment
Gov. Andrew Cuomo recently proposed replacing the convention center, opening up its location for redevelopment and the neighborhood of Hell’s Kitchen’s access to the Hudson River.
Judge Says Zell Can Bid on Archstone
Judge James M. Peck of the U.S. bankruptcy court in Manhattan dealt a blow to the effort by Lehman Brothers Holdings Inc. to prevent Barclays and Bank of America from giving Equity Residential Properties an option to buy 26.5 percent of multifamily landlord Archstone.
Today's Deals: Canyon-Johnson Urban Fund Invests in L.A. Development
Canyon-Johnson Urban Fund closes the financing gap on a L.A. development; ARA brokers a 240-unit sale in North Carolina; and GFI Realty brokers the $1.05 million sale of apartment building.
Mission Place Complete, Almost Fully Leased in Jessup, Md.
The Dolben Co. has announced the completion of Mission Place, a $53 million development that includes 262 luxury apartments and almost 24,000 square feet of ground-floor retail on a 6.5-acre parcel at the junction of Washington Blvd. and Mission Rd. in Jessup.
New Partnership Seeks Value-Add Apartments in Metro Seattle
Trinity Real Estate and Norman Partners have formed a partnership to buy multifamily properties and other kinds of commercial real estate in the Puget Sound region.