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  • Economy Watch: Construction Spending Flat in May

    Residential construction was up 0.5 percent and non-residential construction was down 0.3 percent, leading total construction to remain flat for the month, according to the U.S. Census Bureau. Compared to May 2016, however, all major nonresidential construction categories enjoyed increased spending.

    05 July 2017 13:35
  • Top 10 Apartment Owners in Los Angeles

    Ballooning home prices have made homeownership more difficult, and in turn put downward pressure on apartment vacancy rates. The pronounced need for housing has resulted in a construction boom, and there are no signs of a slowdown.

    06 April 2017 15:02
  • BRIDGE Housing Breaks Ground on $1B Revitalization

    The firm and Los Angeles' Housing Authority started work on a community that will transform the Jordan Downs housing project in Los Angeles. Phase I will add 115 affordable units.

    08 June 2017 14:31
  • St. Louis Gears Up

    Despite a slowly declining population, the city continues to see positive economic trends driven by job gains in education and health services, leisure and hospitality, and professional and business services.

    07 July 2017 12:35
  • Texas Multifamily Portfolio Lands $77M Refi

    The portfolio was refinanced over the course of six months, with Walker & Dunlop Vice President Dough Hart leading the origination team. The 10-year term Fannie Mae loans have 30-year amortization schedules.

    28 June 2017 12:17
  • JV Lands $40M Twin Cities Affordable Community

    Aeon and The Community Development Trust purchased Seasons Park Apartments, a 422-unit community in Richfield, Minn. The transaction marks Aeon’s largest acquisition and the second-largest investment for CDT.

    25 September 2017 16:58
  • JV Lands $57M Memphis Property

    Coastal Ridge Real Estate and H. Katz Capital acquired 414-unit The Preserve at Forest Creek from Blackstone subsidiary LivCor.

    05 October 2017 15:17
  • CLP Makes First Foray into Southern FL

    For its first acquisition in Palm Beach County, the privately held New York-based real estate firm chose Loftin Place, a Class A, mid-rise community completed in late 2015.

    24 July 2017 13:47
  • Interforum Debuts Chicago-Area Luxury Townhomes

    Featuring designs inspired by the work of Frank Lloyd Wright, the community comprises 29 luxury townhomes on the site of a former lumberyard.

    20 June 2017 15:43
  • Steele Acquires AL Affordable Apartments for $23M

    The company plans to renovate the 200-unit Summit Ridge Apartments in Birmingham, giving the community new roofs, exterior doors, siding repairs and attic insulation for increased energy efficiency.

    05 July 2017 15:36