Business Specialties
Shamrock Communities Announces Re-Opening of Indianapolis Community
Shamrock Communities kicked off the grand re-opening of Cottages of Fall Creek Apartments in Indianapolis with an on-site ribbon cutting ceremony to celebrate the repositioning of the community.
‘What Renters Want’ with Jessica Fiur: Why Standard Features are Not Amenities
It’s great to have certain things at an apartment, such as a microwave, but that doesn’t give you a license to brag.
Annex Student Living Continues to Increase Collegiate Portfolio
With the addition of three Midwest assets over the past year, Indianapolis-based student housing developer Annex Student Living increased its portfolio by $35 million and has contracts in place to grow its total assets to nearly $100 million by 2016.
Garden Communities Begins Leasing at Woodcrest at Clark in Clark, N.J.
Garden Homes subsidiary Garden Communities has announced the opening of the first of four apartment buildings in the company’s active adult community Woodcrest at Clark.
Avoiding Digital Doomsday
MHN interviews Bill Szczytko of Maryland Management about avoiding landmines while doing business online.
TODAY’S DEALS: Milestone Buys in Denver and Atlanta
Milestone buys two properties for a combined $78 million; Bell Partners buys an apartment community in the Baltimore-D.C. metro area; and Sabra Health Care REIT purchases a seniors housing campus in Indiana.
MGM Resorts Plans $86M Expansion of Mandalay Bay Convention Center
Mandalay Bay Resort and Casino has announced plans to expand its Convention Center in a bid to answer the growing demand for meeting space in the city of Las Vegas. Announced plans for the facility would bring the total amount of available convention space at Mandalay Bay to over two million square feet. The cost of the new developments will cost an estimated $66 million.
APARTMENT MARKET STATISTICS: May 2014
According to PPR/CoStar, average apartment sales price was $107,501 per unit in the fourth quarter of 2013, down slightly from the same period in 2012.
TODAY’S DEALS: Abacus Capital Picks Up Chicago Asset from AEW JV
HFF arranges a 100-unit sale in Chicago; Boston Capital invests in two LIHTC developments in Boulder, Colo.; and Hendricks-Berkadia negotiates the sale of an apartment community in Tampa, Fla.
Meta Housing Corporation Breaks Ground On Affordable Housing Community in Vernon, Calif.
Meta Housing Corporation has announced that it has broken ground on its latest community, Vernon Village Park. The project is the first-ever new private multifamily development in California’s smallest incorporated city, which totaled a population of 112 in the 2010 U.S. Census.