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AHC Celebrates Opening of 108 New Affordable Rental Apartments in Arlington, Virginia
May 09, 2008
AHC Inc., the largest nonprofit developer and owner of affordable housing in Northern Virginia, celebrated the opening of The Frederick, a nine-story building with 108 new apartments for low- and moderate-income residents, it has announced.
Home In on Green Ratings
May 09, 2008
Home builders have lamented in recent years that the U.S. Green Building Council’s Leadership in Energy and Environmental Design standards for office and institutional properties apply to single- and multi-family properties awkwardly.
Closing the Door on Condos
May 08, 2008
In light of a less than stellar condominium market plagued by wary buyers, the doors of the sales center for Park 22, a 35-story luxury condominium tower planned for Center City, will shut on Friday, the Philadlephia Business Journal reports.
44-Acre Purchase Paves Way for Durham M-F Project
May 08, 2008
Development of Phillips Research Park, a 344-residence apartment project in Durham, N.C., edges closer toward realization with Phillips Development & Realty L.L.C.'s completion of the acquisition of 44 acres of land. The parcel sits just north of the renowned 7,000-acre Research Triangle Park, the largest research park in the United States.
Environmentalists OK Conservation Deal for California Development
May 08, 2008
After years of legal battles and negotiations, several major environmental groups and the Tejon Ranch Co. today announced they have reached an agreement that would preserve 90 percent of the 270,000-acre Tejon Ranch in California and enable development of a master-planned community, resort and industrial complex to continue.
In Apartment Sector, Better to Buy Than Build
May 08, 2008
If you’re an apartment property buyer and can obtain financing, now is a good time to find opportunities. But developers would do well to lay low. That was the message from Greg Willett, vice president of research & analysis for M/PF Yieldstar, speaking today during the session “The Flight to Multi-Family: Today’s Apartment Market” at the National Association of Real Estate Editors’ 42nd annual real estate journalism conference. 
35 Condos at Phoenix-Area Trammell Crow Project to Hit the Auction Block
May 08, 2008
It was only in 2006 that Trammell Crow Residential opened the sales center for the 171 luxury condominiums at The Quarter in Glendale's $1.5 billion mixed-use Westgate City Center, but just two years later, the company has decided to go with the flow of the housing downturn and auction off the remaining 35 units.
$1M Sale of 19th Century Retail Building to Yield New Apartment Complex
May 08, 2008
Detroit's Downtown Development Authority has just signed off on the $1 million sale of the historic Pepper Shoe Building on Woodward St. for a residential redevelopment endeavor, according to Crain's Detroit Business.
Construction of $1B Suburban Dallas Mixed-Use Residential Begins Thursday
May 07, 2008
Dallas Morning News reports that multifamily real estate investment trust UDR is kicking off construction of Vitruvian Park, its massive mixed-use apartment compound on 100 acres in Addison, Tex.
Behringer Harvard Announces MF Development in Denver
May 07, 2008
Behringer Harvard has announced its investment in Alexan Prospect, a 400-unit multi-family community slated for construction in the Central Platte Valley, a 120-acre area immediately west of the Denver central business district.
NorthMarq Mortgage for River West Lofts in Chicago
May 07, 2008
Sue Blumberg, senior vice president and managing director of NorthMarq Capital Inc.’s Chicago Regional office, arranged third mortgage financing of $3.9 million for River West Lofts, a 158-unit multi-family property, located in Chicago, Ill.
Rincon Residential Towers Ready for Occupants
May 06, 2008
Capital Properties said today that the Rincon Residential Towers located in San Francisco's financial disctrict are now ready for occupancy.
IMT Capital Takes 253 Units in Westlake Village for $69M
May 06, 2008
IMT Capital L.L.C. has announced that it has purchased Townhomes of Westlake Village, a 253-unit townhouse and apartment property in Ventura County, from Wilshire Equities for $68.5 million in cash.
Chicago-Based Equibase Capital Makes Bridge Loan to Abbott Boston Development
May 06, 2008
Equibase Capital Group L.L.C., a provider of mezzanine capital to the real estate industry based in Chicago, has announced it has made a bridge loan to Abbott Real Estate Development, a residential development firm located in Boston.
Denver Economy Stable, Luring Renters
May 06, 2008
The Denver apartment market will remain reasonably healthy in 2008, though competition from the region’s shadow stock will offset some of the recent improvements to fundamentals, according to a first-quarter Apartment Research Report by Marcus & Millichap Real Estate Investment Brokerage Group.
Dallas-Fort Work Metroplex Draws Renters
May 06, 2008
Dallas/Fort Worth will remain economically strong this year, according to a  first-quarter report by Marcus & Millichap Real Estate  Investment Brokerage Co.
ING Real Estate, Grupo Carrousel, Operadore Punta Maroma to Develop $150M Resort in Mexico
May 05, 2008
ING Real Estate will partner with Grupo Carrousel and Operadora Punta Maroma to develop a new $150 million ocean front resort on Bahia Maroma along Mexico's Riviera Maya. The cost doesn't include the price of land.
Ghali Hill, Egyptian Developer Forge JV 
May 05, 2008
Construction management company Hill International and the Talaat Moustafa Group Holding Co. (TMG), one of Egypt’s leading residential and hotel developers, have agreed to form a joint venture “that will provide project and construction management services exclusively on TMG projects throughout Egypt and elsewhere in the world,” according to a prepared statement. 
CalHFA Commits $2.4M for Affordable, Seniors MF
May 05, 2008
The California Housing Finance Agency (CalHFA) is once again teaming up with Habitat for Humanity to provide $2.43 million for first mortgages to stimulate new homeownership opportunities for more Californians.
Berkshire Completes $62M Texas M-F Sale
May 05, 2008
Berkshire Income Realty Inc. has completed the sale of St. Marin/Karrington Apartments, a 600-unit multi-family apartment community located in Coppell, Texas. The sale price of the property was $62 million, or $103,000 per unit.
Bridge Loan Paves Way for Conversion of Retail Property to Residential in Boston Area
May 05, 2008
Boston-based Abbott Real Estate Development has secured a  bridge loan for its planned conversion of a former Wal-Mart store in Weymouth, Mass., into a 150-unit apartment complex.
Caruso Affiliated's The Americana at Brand, in Glendale, Opens
May 02, 2008
The $400 million, mixed-use development in Downtown Glendale, Calif., containing both retail and condominiums, has opened today, according the the developer, Caruso Affiliated.
Opus Northwest Begins Construction on Park Apartments in Portland
May 02, 2008
Opus Northwest has broken ground on Park, a mixed-use, 101-unit apartment building in historic Alphabet District of Portland, Ore.
GMH Military Housing Division Bought by Balfour Beatty
May 01, 2008
Balfour Beatty Group has completed acquisition of the military housing division of GMH Communities Trust for $350 million, it has reported.
Marcus & Millichap Capital Arranges $30M Loan for Denver Apartment Complex
May 01, 2008
A $30.6 million non-recourse loan arranged by Marcus & Millichap Capital Corp. helped Security Properties Inc. of Seattle re-enter the Denver market with the $37 million purchase of The Aventine, a 336-unit apartment complex.
 

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