Ideal Properties Takes Greenwood Heights Apartments to Market
The Brooklyn Garden Apartments was originally developed in the late 1920s and once housed residents for as little as $35 per month.
Economy Watch: Improved National Activity Index Points to Economy’s Resilence
Another relatively positive metric for the economy in October.
Clarion Partners Fund Buys Metro Dallas Apartments from Southern Land
Junction 15, which was completed in 2014, represents a public-private partnership between Southern Land Co. and the City of Plano.
Economy Watch: Price Increases, Deal Volumes Slow for Upper-End CRE
The moderation in the rate of price growth was especially pronounced at the high end of the market.
K. Hovnanian Homes Lauches 55+ Residential Development
K. Hovnanian Homes has unveiled plans for K. Hovnanian’s Four Seasons at Monmouth Woods. The development will be just off of Route 9, at 200 W. Farms Road in Howell Township, which is in Monmouth County, N.J.
Economy Watch: Apartment Industry Benefiting from Student Debt
The U.S. economy in the first quarter of 2015 seems to have been a little soft. However, apartment owners and developers are also fortunate in that a very large generation is coming of age right now, and they want to form households.
Economy Watch: Middling Employment Numbers Might Keep Interest Rates Low Longer
The March employment numbers surprised on the downside, but oddly enough that could be a positive for the commercial real estate industry for a while.
Work Begins on West Miami Apartments
Ground has been broken on Gables Prado, an apartment development in West Miami, an inner suburb of Miami also near Coral Gables. The property, at 950 S. Red Road, includes 194 units.
Funding in Place for Monastery to Seniors Conversion in Chicago
Senior Lifestyle Corp. has obtained funding for the redevelopment of a monastery on the Northwest Side of Chicago. The Low Income Housing Tax Credits were provided by Boston Capital.
Starwood Spins Off Single-Family Rental REIT
Shares in Starwood Waypoint Residential Trust, a single-family rental real estate investment trust, have started regular trading on the New York Stock Exchange under the ticker symbol SWAY.