Lowe Enterprise Investors JV Acquires Boulder, Colo., Community
Lowe Enterprise Investors has announced the acquisition of a 161-unit garden-style community in Boulder, Colo., in a joint venture with an unnamed investment client.
TRI Pointe to Build 255 Homes at Alameda Landing
TRI Pointe Homes has announced that sales have commenced on homes at two of the three neighborhoods in the planned redevelopment of 72 acres at Alameda Landing—a section of land formerly owned by the U.S. Navy located a few miles south of Oakland.
Apartment Completions in Top 100 Metros at 14-Year High
Apartment completions in the nation’s top 100 metros reached the highest levels in 14 years in the third quarter at 66,813 units, and pushed the annual completion total so far to 226,615 units—also a 14-year high—according to information released by MPF Research.
Average Apartment Sale Price Up in Manhattan
A third quarter Brown Harris Stevens Manhattan residential market report released Oct. 1 shows that the average apartment sale price remained unchanged from the previous quarter, but was up 18 percent from the same quarter of the previous year to $1.67 million—the second highest average apartment price ever recorded.
Leasing Begins at The School House at 371 in Manhattan
Residential brokerage firm Modern Spaces has announced that it has kicked off the leasing campaign for the The School House at 371—the former home of P.S. 12 elementary school—in Manhattan’s Lower East Side neighborhood.
Condo Conversion of Federalist Era Mansion Nearly Complete
Pre-sales for condominiums in The Maples, a Federalist Era Washington, D.C., mansion originally built by William Mayne Duncanson, have reached 70 percent according to the property’s exclusive sales and marketing firm, Urban Pace.
LCOR Partners With Artists to Enhance its 250N10 Property in Brooklyn
Investment management and development company LCOR recently partnered with two internationally renowned artists to creatively enhance its recent development, 250N10.
Franklin Street Sells Pair of North Tampa Apartments
Franklin Street has announced the sale of two North Tampa area apartment communities, Sandanay and Stonehenge Apartments, for a price of $3.05 million, which corresponds to $35,500 per unit and $39.97 per square foot.
MC Residential Rolling Out Different Approach to Leasing Tours
Taking the stance that salespeople often get in the way of and create an uncomfortable atmosphere for the consumer, MC Residential is in the process of rolling out a new apartment touring strategy that gives the prospect the opportunity to view apartments without the distraction of leasing staff.
Applicant Credit Risk Improving Alongside Increases in Rental Prices
A recent report by TransUnion has found that rental applicant credit risks improved by 0.8 percent between Q2 2013 and Q2 2014 despite increases in rent prices.