Archive for September 2008
TODAY’S DEALS: 300-Unit Rental Community Bought for $71M
By Anuradha Kher, Online News EditorSan Diego–In the largest multifamily sale in San Diego County year-to-date, Cushman & Wakefield has arranged the sale of Cardiff by The Sea Apartment Homes to Property West for $71 million. The 300-unit apartment community is located at 2170 Carol View Dr. in the north San Diego county coastal community…
Read MoreSupportive Housing for Disabled Homeless Women Opens
By Anuradha Kher, Online News EditorDayton, Ohio–The Miami Valley Housing Opportunities (MVHO) and Miller-Valentine Group have recently opened a three-story, 27-unit apartment complex for homeless women veterans, located on the Dayton Medical Center campus, at 4100 W 3rd St. in Dayton, Ohio. Move-ins are expected to begin by end of October.The Ohio Avenue Commons is…
Read MoreNMHC Does Not Expect Much Demand for Apartments as Gulf Coast Recovers from Storm
By Anuradha Kher, Online News EditorWashington, D.C.–In the wake of Hurricane Gustav, the National Multi Housing Council (NMHC) has been in several discussions with the Department of Homeland Security, the U.S. Department of Housing and Urban Development (HUD) and the Federal Emergency Management Agency (FEMA) to plan ahead. “Obviously, they are taking steps in advance…
Read MoreNorwood Builders Sponsors Seminar for First-Time Condo Buyers
By Anuradha Kher, Online News EditorRoselle, Mount Prospect, Ill.–Norwood Builders is sponsoring a “Good to Grow” free seminar, on September 13 at two of its new condominium communities, Park Street Crossing in Roselle, Ill. and The Emerson at Village Centre in Mount Prospect, Ill.For the first time, Norwood Builders has exclusively designed a 30-minute presentation…
Read MorePhiladelphia’s Two Liberty Place Breaks City Record with Highest-Priced Condo Per Sq. Ft.
By Erika Schnitzer, Associate EditorPhiladelphia–The Residences at Two Liberty Place, a 90-unit luxury condominium which is the second-tallest building in Philadelphia, the tallest residential building in the city and the first time residents can live higher than William Penn’s hat, the landmark on top of City Hall, has broken more city records. Now, The Residences at…
Read MoreSeven Keys to Improving Resident Retention Rates
By John Ely, Signature WorldwideToo often, I see multifamily housing managers put all their efforts behind fancy sales and advertising promotions to bring in new tenants. New business is great—don’t get me wrong—but what if you were able to fill your entire complex without having to go to great lengths to pull in new residents?…
Read MoreTODAY’S DEALS: Marcus & Millichap Sells Denver Area Property for $22.85M, and Other Transactions
By Anuradha Kher, Online News EditorBoulder, Colo.–Marcus & Millichap Real Estate Investment Services has arranged the sale of Uptown Broadway, a 116-unit apartment community in Boulder, Colo. for $22.85 million. This represents $226 per sq. ft. or $196,983 per unit, a record price for Boulder, and one of only five deals that have sold for…
Read MoreWind Crest’s Gas Cooktops
Wind Crest’s new line of “gas drop-in” cooktops are designed to preserve cabinet space, making them ideal for apartments and condos. The stainless steel finish cooktops are available in both a 30- and 36-in. width. The 30-in. five-burner model provides more than 63,000 BTUs of power and the 36-in. five-burner model provides more than 69,000…
Read MoreLuxury Rental Community Opens in North Phoenix Corridor
By Anuradha Kher, Online News EditorPhoenix–Trillium Residential LLC recently opened Trillium Pinnacle Peak, its newest rental project in Phoenix. Pinnacle Peak is a 724-unit Class A garden-style apartment community located on 30-acres at 24250 North 23rd Ave. “We anticipate high demand for this apartment community because of the market demand,” David Dewar, principal of Trillium…
Read MoreRentPayment Residents Can Now Pay Rents by Phone
San Francisco–RentPayment, a division of YapStone, Inc., has launched Pay by Phone for rental residents. Through Fonality and the RentPayment Integrated Payment Platform, RentPayment users can now easily and quickly pay rent with the touch of a few buttons. The Pay by Phone option is available 24/7, works with any touch-tone phone and requires no…
Read More