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Atlanta City Council member Joyce M. Sheperd and other local officials joined to dedicate a newly renovated rental townhome community, The Villas at Lakewood, which is now providing much-needed affordable housing options for nearly 200 families. Virginia Beach, VA-based Hercules Real Estate Services (HRES), one of the leading affordable housing developers on the East Coast, has completed a $6 million renovation of the former Amal Heights community, located just south of downtown Atlanta at…Continue
Added by Leslie Braunstein on April 29, 2011 at 4:06pm — No Comments
Grosvenor Investment Management US, Inc. (GIM) recently has committed approximately $93 million to fund development of five multifamily communities with a total of 1,197 rental apartments. These projects include two highly visible developments in New York City with a total of 405 apartments.
In its latest closing on behalf of a domestic public pension fund, GIM provided $6.9 million in participating mezzanine financing for the development of 288 workforce rental apartments in San…
Added by Leslie Braunstein on February 8, 2011 at 4:39pm — No Comments
Case Shiller report shows a deceleration in the annual growth rates in 17 of the 20 MSAs. Housing generally leads the economy out of a recession. This time its not, housing is simply suffering. Not only is money tight but job creation is still a big hurt. In some cities, the decline over the last year was quite sharp.
David M. Blitze,chairman of S.&P.’s index committee tells the NY Times that a double-dip could be confirmed before spring. He goes on to say the series is now…
Added by Your Property Path on February 2, 2011 at 4:51pm — No Comments
NAR Existing Home Sales
Existing home sales which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 5.6% to a seasonally adjusted annual rate of 4.68 million in November, but are 27.9% below the cyclical peak of 6.49 million in November 2009, which was the initial deadline for the first-time buyer tax credit. Median existing single-family home prices rose year-over-year in 77 of 155 metropolitan areas and fell in 76…
Added by Your Property Path on December 29, 2010 at 8:06pm — No Comments
Added by Your Property Path on July 28, 2010 at 11:03pm — No Comments
Added by Your Property Path on June 1, 2010 at 11:18pm — No Comments
Added by Your Property Path on May 28, 2010 at 10:38pm — No Comments
Added by Your Property Path on May 27, 2010 at 12:30am — No Comments