Archive for May 2010
Riverstone Residential Group Assumes Management of Five Multifamily Properties
Dallas—Riverstone Residential Group has assumed management of five properties in Los Angeles, San Francisco, Seattle, and Portland. Riverstone’s new properties include Watermarke Tower, a 35-story, 214-unit, high-rise apartment residence in downtown Los Angeles; Gardens at Wilshire Center, a 159-unit, mixed-use apartment residence in the Wilshire Center/Koreatown area of Los Angeles; Argenta, a 20-story, 179-unit, high-rise…
Read MoreDEAL OF THE DAY: CBRE Arranges Sale of 634-Unit Community in Md.
CB Richard Ellis recently arranged the sale of Sherwood Crossing, a 634-unit rental apartment community at 6731 Old Waterloo Road, in Elkridge, MD, 30 minutes from Washington, D.C. and 15 minutes from Baltimore.
Read MoreMultifamily Continues to be a Bright Spot in Commercial Real Estate
Multifamily is the only sector of commercial real estate that can expect increased demand in the second half of 2010.
Read MoreProperty Development Likely to Decline in European Markets
Mirroring recent headlines, ING’s latest “Investment Management Europe Report” suggests that the Greek debt crisis and the declining value of the euro will adversely affect property yields and threaten the recovery in the real estate market.
Read MoreOhio Apartment Complex to Be Refurbished with Recovery Act Funding
An aging affordable housing complex in Warren, Ohio is the first federal stimulus redevelopment project in the country to access Recovery Act funding from the U.S. Treasury’s Housing Finance Agency Initiative.
Read MoreDEAL OF THE DAY: ARA Negotiates Sale of 17-Unit Student Housing Asset
Apartment Realty Advisors (ARA) has announced the sale of Rio Grande Square Apartments, a 17-unit community located in the heart of the University of Texas at Austin West Campus area.
Read MoreSurvey Finds that Renting is More Preferable to Owning in a Down Market
A majority of consumers, 76 percent, deem renting to be more favorable than owning a home in the current real estate market.
Read MoreOrange County Sees Apartment Market Stabilization
According to a report released this week by real estate investment specialist Marcus & Millichap, the Orange County, Calif. apartment market seems to arrived at a point of stabilization.
Read MoreDavid Borchardt Promoted to Tower Companies’ Chief Sustainability Officer
Rockville, Md.—The Tower Companies has promoted David Borchardt, P.E., LEED AP to Chief Sustainability Officer. Borchardt was hired in 2005 as Director of Sustainable Development, overseeing 1,400 apartments and 4.5 million square feet of office buildings, office parks, regional malls, residential communities, lifestyle centers, and hotels within the D.C. area. Most recently, Mr. Borchardt was…
Read MoreNWP Services Corporation Acquires Vertex Multifamily Services Division
NWP Services Corporation (NWP) today announced the acquisition of Multifamily Services Division (CBSI) from Vertex Business Services.
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