News
Inland’s University House Ready for August Opening, Fully Pre-Leased
With an opening date set for later this month, Inland American Communities Group’s University House student apartment community is now 100 percent leased.
Fannie’s, Freddie’s Woes Don’t Extend to M-F Side
New amendments to the GSEs, such as the percentage dividend payments to the Treasury and reductions to their investment portfolios, will still leave the multi-family market unscathed.
HFF Hires Shapiro as Director in Atlanta
HFF has hired industry veteran Gregg Shapiro to serve as director of the firm’s Atlanta office.
Midtown Block Trades Hands, Soon to House 321 Luxury Units
A 2.5-acre site, located at the very core of Midtown Atlanta at 131 Ponce de Leon Ave., recently changed hands for $6.5 million.
Historic Sparrows Point Steel Mill Sold For $72M
By Adrian Maties, Associate Editor On Wednesday, August 15, a federal bankruptcy judge in Wilmington, Delaware, approved the sale of the historic Sparrows Point steel mill. The property was sold to liquidator Hilco Trading of Illinois and St. Louis-based Environmental Liability Transfer for about $72.5 million. Its owner, RG Steel LLC, filed for Chapter 11 […]
Trammell Crow Promotes Saphier, Nims
Trammell Crow promoted two of its employees — Saphier to president and Nims to principal of the Austin business unit.
Economy Watch: Fed on the Housing Bubble; Chicago Fed Activity Down; Residential Values Up
According to the Federal Reserve, the best way to prevent future housing bubbles is to require lenders to be tougher in enforcing loans based on one’s income. The Chicago Fed reported that its economic activity is below trend. The Residential Price Index, on the other hand, increased month-over-month.
Howard Hughes, Others Pursue Mall Redevelopments in New Orleans
By Eliza Theiss, Associate Editor The Howard Hughes Corp. will be investing $70 million in redeveloping the Riverwalk Marketplace into an upscale outlet center, rebranding it The Outlet Collection at Riverwalk. Project plans call for increasing the property by 25 percent, to approximately 250,000 square feet, by late 2013. But The Outlet Collection at Riverwalk […]
Paul Daneshrad: Where Are the Best Multi-Family Investment Opportunities
Starpoint CEO Paul Daneshrad blogs on CPE’s From the Inside about the best locations for multi-family property investment.
Rappaport, Chestnut Hill Form CHR Investors
Real estate heavyweight Jerry Rappaport has joined Chestnut Hill as managing director on a new venture that will focus on apartment real estate investment.