Land Purchase and Financing Kickstart $47M Suburban Denver Apartment Project
Littleton, Colo.–In a Denver suburb named Littleton, where the limited amount of land for apartment projects is highly coveted, Wood Partners L.L.C. has taken two major steps forward in the development of the 280-unit Alta Aspen Grove.
Azure Condo Has Fairly Brisk Sales
New York–Numerous new luxury condominium properties in Manhattan are experiencing relatively healthy sales activity, and Azure is among them.
Azure Latest Example of Fairly Brisk Manhattan Luxury Condo Sales
New York–Numerous new luxury condominium properties in Manhattan are experiencing relatively healthy sales activity, and Azure is among the latest to commence the closing of its first group of contracts.
More People Are Now Renting By Choice
Chicago–According to a new survey conducted by Apartments.com, a notable percentage of people actively looking to lease in today’s apartment market are not hunting because they have to rent but because they want to rent.
Wyoming’s Casper College Signs Modular Builder for New $23.5M Student Housing Project
Casper, Wyo.–Casper College in Casper, Wyo., has decided to go modular for its latest student housing project.
Construction Kicks Off on $14.5M Affordable Seniors Housing Project in Baltimore Area
Brooklyn Park, Md.–In an effort to help answer the growing call for affordable seniors housing, Enterprise Homes Inc. is commencing construction of The Greens at Hammonds Lane, a 90-unit apartment community in Brooklyn Park, Md.
Capital One Provides $55.5M in Financing for Two Affordable Housing Projects in NYC
New York–Affordable housing has not been immune to the credit crunch, but some financial institutions, like Capital One Bank, are making the effort to help facilitate such developments.
New Owner Wraps Up Delayed Construction of Miami Beach’s Terra Beachside Condo Project
Miami–It has been six years since work got underway on Terra Beachside 6000 in Miami Beach, Fla., but just nine months after new Miami-based developer BH III LLC (BH3) took over the reigns, construction of the 164-unit upscale condominium property has reached completion.
More Bed Bugs Moving into Multifamily Properties
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.
Grubb & Ellis Apartment REIT to Undergo Growth Spurt with $182.4M Acquisition Deal
Santa Ana, Calif.–Grubb & Ellis Apartment REIT Inc. is on track to increase its portfolio by over two-thirds and bring a new management business into the fold in one fell swoop.