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AUSTIN—Philadelphia-based Resource Real Estate Opportunity REIT Inc. (Opportunity REIT), a non-traded real estate investment trust sponsored by Resource Real Estate Inc., has acquired Woodmoor Apartments, a 208-unit class B, 97-percent-occupied apartment complex in south Austin.
COLUMBUS—This metro area's central location has helped establish it as a logistical hub, and another wave of speculative development is probably on the way.
COSTA MESA, CA—ARTIC wins for superior performance in new construction, while the Orange County Transportation Authority wins for superior performance in leasing, among other SPIRE Award winners at the fourth-annual event.
SAN DIEGO—Trepp LLC's research analyst Sean Barrie tells GlobeSt.com the majority of CRE properties on the 90-day-plus delinquency list are from the office sector, which is unusual for most markets historically.
SAN DIEGO—RealStir's new portal/app will offer concentrated information about property listings and markets—initially residential, but eventually commercial—in one source, CEO Walid Romaya tells GlobeSt.com.
IRVINE, CA—According to a new report from RealtyTRAC, the estimated balance of resetting HELOCs is at $158 billion, with $88 billion on underwater homes. California, Florida, Illinois are expected to have the most resets.
NEW YORK, NY—Acadia Realty Trust has purchased the retail-office-parking building at 1035 Third Ave., and HFF arranged a $42 million acquisition-improvement loan.