September 11, 2007 | Vol. 5 No. 18

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Volume 5 - Number 18 | September 11, 2007

TOP STORY: Capri JV Acquires Whiteco’s Residential Operations
By Sule Aygoren Carranza
Whiteco Residential sold most of its multifamily operating portfolio to a joint venture of Capri Capital Partners LLC and an unidentified institutional investor.

NY Governor Signs ‘Groundbreaking’ 421-a Reform Legislation
By Sule Aygoren Carranza
New York State Governor Eliot Spitzer has approved legislation that will help to construct housing, particularly affordable housing, throughout New York City.

Amcal Multi-Housing Launches Equities Division
By Sule Aygoren Carranza
Amcal Multi-Housing Inc., a developer of workforce and low-income housing, has launched an equities division. It will focus on properties that are underperforming or have added-value potential.

Data Points: Condo Conversion Wave Remains Factor in SE Florida
By Sule Aygoren Carranza
Multifamily brokerage firm JBM Realty Advisors and its investment banking division have come out with a report on the state of the Southeast condo conversion market.

More Workers Feel Strain of Housing Costs
By Erika Morphy

Short Takes: Florida Project Selected to Showcase Smart Growth and Green Design

Executive Moves: Fieldstone Residential Adds Hastings as COO

Recent Transactions: JV Uses $85M to Build 395 Units in Miami’s Little Havana