News
M-F Rents Tick Up in April: Matrix Monthly Report
After a slight decline in March, average U.S. multi-family rents rose in April and grew 4.3 percent year-over-year, according to the latest Matrix Monthly report on apartment market trends.
Hotel to Rise Near Braves’ New Ballpark
Omni Hotels & Resorts will develop a hotel in the mixed-use development adjacent to the new ballpark where the Atlanta Braves will move in 2017.
Hunt Mortgage, Freddie Mac Team Up on Record Loan
The $59.6 million financing for 1,590 units in El Paso, Texas, is the largest so far under the U.S. Department of Housing and Urban Development’s Rental Assistance Demonstration program.
Hines Details Plans for Houston Industrial Park
Hines has acquired nearly 75 acres for Beltway Southwest Business Park, which will accommodate close to 950,000 square feet of light manufacturing and distribution space.
Economy Watch: Case-Shiller, CoreLogic Updates on Home Sales
Home prices show smallish increases as sales of distressed homes shrink.
More Luxury Apartments Planned for Hennepin Avenue
Ryan Cos. and San Francisco-based Shorenstein are working together to develop a new luxury apartment building at 100 Hennepin Ave. in downtown Minneapolis, the Star Tribune reports.
Kauai’s Aston Aloha Beach Hotel to Reopen as Hilton Garden Inn by Early 2016
Hilton Worldwide has signed a franchise license agreement with the owners of the Aston Aloha Beach Hotel in Kapaa, on the east coast of Kauai, to convert the property into a Hilton Garden Inn.
Texas Partnership Snaps Up $13M Chalmette Mall
Retail continues to be a hot asset class for New Orleans, with new developments, reopenings and sales dotting the local real estate landscape
New Legislation Allows Uptick in Affordable Housing, Though City Far Behind Current Target
King County recently passed new legislation regarding affordable housing, paving the way for the addition of nearly 900 new units during the following five years. Due to measures taken by the State Legislature, the county will now be able to issue workforce-housing bonds worth up to $45 million. The bonds will be backed by the local hotel tax, and will support homes located within at least a half-mile from a transit station.
Plans Move Forward for Herman & Kittle’s $28M Apartment Project in Indianapolis
A new apartment complex will soon rise on the east side of downtown Indianapolis.