Stage Is Set for Resumption of Apartment Development, Say Webinar Speakers
Speakers at a recent webinar suggested that conditions are being laid now for developers to begin to look into apartment development again.
Market Report 2010: Forecast Seizing Hidden Opportunities
High occupancy and rent rates put the stamp of approval on potential multifamily investments. But don’t ignore other less subtle upward trends.
HUD Secretary Donovan Addresses NYHC and NHC’s 36th Annual New York Housing Awards Luncheon
HUD secretary Shaun Donovan was the keynote speaker at the New York Housing Conference and the National Housing Conference Annual Awards Luncheon.
On Location: Creston Point, Seattle
Stefanie Rice, investment manager for Creston Point knew that local homeowners and residents of nearby apartment communities were concerned about the new community.
Shared Experience Is What It’s All About At Our Communities
Tom Sloan was recently named VP of Camden Property Trust’s eastern division. He talks about the state of Camden’s eastern division portfolio and his projections for 2010.
ARA Brokers $35M Sale On Behalf of DRA Advisors
Apartment Realty Advisors (ARA) brokered the $35 million sale of Tyvola Centre Apartments, a 404-unit property located in the southwest submarket of Charlotte, N.C.
What To Do About Non-Performing Properties?
MHN catches up with Ron Brock, Sr., President and CEO of Pierce-Eislen, at the NMHC Annual Meeting in Boca Raton. Brock shares his multifamily forecast for 2010 including the realities of dealing with non-performing properties.
Marcus & Millichap Lists $10.9M REO Waterfront Site
Marcus & Millichap Real Estate Investment Services has retained the exclusive listing for Mizner Lakes, a 21.49-acre REO waterfront development site in West Palm Beach. The listing price is $10,992,000, or $16,000 per buildable unit.
Brookdale Acquires Remaining Interests in Properties for $102M
Brookdale Senior Living Inc. completed the acquisition of three retirement center communities that it previously managed. The aggregate purchase price for the communities was $102 million. Brookdale had previously owned a minority, though non-financial, interest in the communities.
Colliers Directs $9.25M Note Purchase From China Trust Bank
Colliers International has directed the notes sale of a 51,729-square-foot multifamily property at 18557 Saticoy Street in Reseda, Calif. The sale is valued at $9.25 million.