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Corus, Lehman Bros. Make D.C. Loans
May 15, 2008
Corus Bank closed a $72 million loan to MR BP Office #1 L.L.C. to finance the construction of a nine-story Class A office building located at 55 M Street SE in Washington, D.C.
WestCorp, Equibase Partner to Pursue M-F Opportunities
May 15, 2008
Equibase Capital Group L.L.C. and WestCorp Management Group have partnered to create a strategic joint venture that will pursue multi-family investment opportunities throughout the United States.
527,000SF Suburban Atlanta Mixed-Use Project Makes Debut
May 14, 2008
Cousins Properties Inc. has just swung open the doors of The Avenue Forsyth, the company's 527,000-square-foot mixed-use project in Forsyth County.
CBRE Investors Closes $2.1B Real Estate Fund
May 14, 2008
CB Richard Ellis Investors has announced the closing of CB Richard Ellis Strategic Partners U.S. 5 to new investors.  Strategic Partners U.S. 5 consists of two limited partnerships, with raised equity commitments of $2.1 billion from institutional investors in the United States, Europe and the Middle East.
Lagovent Buys Apartment Portfolio in Dallas Metroplex
May 14, 2008
Lagovent Real Estate Group has acquired two Class B Dallas-area apartment complexes totaling 952 units for a total consideration of $40.5 million.
Allen & O’Hara Closes $73M Student Housing Bond Issue
May 14, 2008
Allen & O’Hara Development Co., the development subsidiary of Education Realty Trust Inc., has closed on a $73.4 million bond issue for the development of a student housing project at Indiana University of Pennsylvania.
Chicago Development Officials Green-Light Increased Subsidy for Loop Project
May 14, 2008 - Source: Crain's Chicago Business
Developer Village Green Cos. wants to redevelop a landmark 45-story office building into 313 apartments.
$41M Financing Deal Closes for Dallas-Area MF
May 14, 2008
A financing package valued at approximately $41 million has been put in place for the 600-unit St. Marin/Karrington Apartments complex in Coppell, Texas, about 30 miles from downtown Dallas.
41-Unit Bergen County MF Trades
May 13, 2008
Catherine Gardens, a 41-unit apartment property at 278 Main St. in Little Ferry has just traded in an all-cash transaction.
Puerto Vallarta Condo Tower Shows that High-End Market Still Thrives
May 12, 2008
The launch party will be held Friday and five of 46 condo units are presold, with three more under contract. Not earth-shattering, perhaps, but further evidence that the real estate slowdown is an inconsistent beast. 
Dallas Project to Include More Offices, Fewer Condos
May 12, 2008
Dallas’s massive CBD mixed-use project, Victory, will include more office space and less condominiums and hotel rooms, said Hillwood’s Development Co.’s chairman, Ross Perot, Jr.
delsur. San Diego-Area Green Development Recognized by National Building Industry
May 12, 2008
With 20 percent of the mixed use Del Sur community completed, The National Association of Home Builders yesterday named the project its Mixed Use Development of the Year.
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.
117,000SF of Premier Office Condo Space to Hit Auction Block
May 09, 2008
Office condominium space totaling about 115,000 square feet at The Plaza, a mixed-use project in downtown Orlando featuring 394,000 square feet of office condo space and 105,000 square feet of retail in two, circular towers, will hit the block this Thursday, May 15.
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.
 

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