Business Specialties
Decron Properties Spends $56M on Santa Clara Multifamily
By Gail Kalinoski, Contributing Editor Santa Clarita, Calif.—Continuing its recent focus on the multifamily market, Decron Properties has acquired The Madison at Town Center, a Class A, 264-apartment community in Santa Clarita, Calif., for $56.5 million. Decron, a Los-Angeles based real estate investment company, has now purchased 1,500 units in the past 18 months. The Madison was built in 2004 as a luxury, 341-unit apartment complex. A year later, it was converted to condominiums when Prado Town Center West LLC bought the property. Between 2006 and 2007, Prado sold 77 condo units. The remaining units have been used as rentals….
SPECIAL REPORT: NAHB Introduces Multifamily Products Tour
Multifamily developers, owners and operators received a building products tour tailored especially for them at the recent 2012 NAHB International Builders Show.
Name Change a Success for Luxury Apartments
Real estate firm Alliance Residential has rebranded its luxury building Alta Hollywood as rubix hollywood to invoke the feel of a high-energy, urban lifestyle.
Treefrog Introduces New Solution for Revamping Common Spaces
A new line of textured wood veneers from Treefrog lets designers achieve the exotic hardwood look without the expense and environmental impact.
New Utility Management Provider Increases Properties' Net Operating Income
Property Solutions International Inc., a provider of property management websites and payments, announced its release of ResidentUtility, a new billing and utility management option for the multifamily industry.
San Luis Obispo Welcomes Green Affordable Housing at The Village at Broad Street
The town of San Luis Obispo recently celebrated the grand opening of a new affordable housing complex known as The Village at Broad Street Family Apartments.
Primera Terra, a Post-Recession Redesign Success
The design plan for Primera Terra was forced to change with the times, and now that change has gotten a major stamp of approval.
InterfaceFlor Commits to Architecture 2030 Challenge for Products
InterfaceFLOR, a global manufacturer of modular carpet tile, has aligned with Architecture 2030 and is the first manufacturer to adopt the nonprofit organization’s 2030 Challenge for Products.
TODAY’S DEALS: Berkadia Lands $27M for San Jose Assets
Berkadia originates $27.2 million for two San Jose assets; A Brooklyn condo hits the 90 percent sold mark; and Hendricks & Partners brokers the sale of a property in California.
Yardi Signs on as an IREM Industry Partner
The Institute of Real Estate Management (IREM) announced that Santa Barbara-based Yardi Systems Inc., has become a 2012 IREM “Industry Partner.”