Business Specialties
2,580-Unit Multifamily Portfolio Trades for $460M
In a joint venture, Pantzer Properties and Dune Real Estate Partners have acquired the eight-community Magazine Portfolio in metropolitan Washington, D.C. for $460 million.
Lenders Step Back into the Multifamily Sector
All of a sudden, it feels almost like 2006 redux: The financing market is seeing a lot of money and too few deals.
Economic Factors Drive Adaptive Reuse
When new construction turns cold, some developers just adapt.
WEB FEATURE: Is a Call Center Right for Your Management Team?
Call centers–both built around automated systems and live staff–are designed to deliver sales leads, improved marketing and operational efficiency. But they may not be for everyone.
CRE Consultant Predicts Lower CRE Returns until the Mid-10s
The San Francisco-based real estate advisory Wolfback is predicting a slump in U.S. commercial real estate investment returns for the next four years.
Seniors Property to Blend Historic L.A. Architecture with Modern Seniors’ Needs
Los Angeles–Parkview Living, a 75-unit affordable seniors apartment, allows the tenants to live with the amenities that modern-day seniors desire.
Advancements in Utility Cost Recovery
New advances in submetering provide for better accountability, while legislation pushes the industry forward.
LISC Invests $1.1B in Low-Income Community Revitalization in 2010
New York–Last year, the Local Initiatives Support Corporation invested an aggregate $1.1 billion in grants, loans and equity to help give new life to low-income communities.
Boston Capital Invests in Virginia Affordable Housing Development
Stuarts Draft, Va.–Boston Capital Corp. has agreed to become the latest investor in the construction of Montague Terrace Apartments, an affordable multifamily development in Stuarts Draft, Va.
Zillow Expands Zestimates to Include Rentals
eattle–Zillow has launched “Rent Zestimates,” a tool that can be used as a starting point for determining a home or apartment’s estimated monthly rent price, expanding on Zillow’s Zestimate home valuations.