Arlington, Va.– AvalonBay Communities Inc. has acquired Creekside Meadows, a community of 628 apartment homes located in Tustin, Calif.
Arlington, Va.– AvalonBay Communities Inc. has acquired Creekside Meadows, a community of 628 apartment homes located in Tustin, Calif.
New York–Coalco New York, the U.S. operation of Coalco Development, a real estate company headquartered in Moscow, has spun off a new entity, Corigin Holdings.
New Orleans–They are exactly the kind of tenant multifamily property owners and mangers do not want: bed bugs. The presence of these microscopic creepy, reddish-brown crawlers is on the rise, as representatives of pest control company Orkin the IPM Institute of North America noted in a presentation at this year’s National Apartment Association Education Institute (NAAEI) conference in New Orleans.
Houston–The goal of the Impact Challenge initiative is to collect 20,000 pounds of non-perishable food and $20,000 earmarked for clean drinking water.
Providence, R.I.–Despite its 11.5 percent unemployment rate (as of June 2010, according to the U.S. Bureau of Labor Statistics), Providence, R.I.’s apartment market is relatively stable.
In order to limit the windfall to the landlords, 50 percent of the increased rent would go to the owners provided they cure all building violations and reduce the carbon footprint of their buildings.
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For some time now, apartment industry experts have been pointing to strongly positive demographic trends