PHILADELPHIA-Work has begun on what is being touted as the nation’s first urban LGBT-friendly low-income senior housing project. The venture is being developed by the dmhFund and Pennrose Properties.

LIVINGSTON, NJ–The Hudson County multifamily market was strong prior to Hurricane Sandy and has gotten even tighter now that many New Jersey homeowners are seeking rental housing in the aftermath of the storm.

PHILADELPHIA–Wynn Resorts Limited intends to file an application with the Pennsylvania Gaming Control Board by the Nov. 15th deadline to develop Philadelphia’s second and last casino.

It is appropriate that in a city made famous by the likes of Adams, Franklin, Hancock and Jefferson, the giants of Philadelphia real estate have made their marks here by making bold, independent decisions in the pursuit of their far-reaching visions for their firms and the growth of the city.

When we began 2012, observers stated that this would be the year of apartments. By the looks of it, that success is set to spill into next year as well.

HOUSTON–The nearly 480,000-square-foot asset attracted eight potential buyers before a deal was struck with an affiliate of North American Development Group.

OAK BROOK, IL–Newly appointed president of Inland American Real Estate Trust Inc. Thomas P. McGuinness tells GlobeSt.com the firm plans to sell most or all of its apartment assets within the next 12 months.

PHOENIX–A JV of Seefried Industrial and USAA has purchased a 38-acre parcel here that will be the site of the 600,000-foot Estrella Logistics Center. It could break ground as soon as next month.