Business Specialties
New Student Housing Property at University of Maryland Reaches Full Occupancy as Doors Open
College Park, Md.–There is not a single room to spare at the newly developed, 154-unit University View II student apartment property near the University of Maryland in College Park, Md.
Court Allows Receiver to Sell Abandoned Arizona Apartment Portfolio for $123M
San Diego–Maricopa County (Ariz.) Superior Court Judge Eileen S. Willett has ruled that San Diego-based Trigild can sell seven Arizona apartment properties that it currently holds in receivership.
Development of Upscale Apartment Project Atop Manhattan Hotel Reaches Completion
New York–Beatrice occupies the top 30 floors of the tower at 105 West 29th St. in Manhattan’s Chelsea neighborhood.
Summer Proves an Unusually Busy Season for Brooklyn Condo Project
New York, N.Y.–Closings have gotten underway at The Edge.
Moore Design Group Creates Boutique Hotel Atmosphere for The Carlton in Houston
The multifamily industry is feeling the effects of increased competition. Smart money is placing its bets on creating opportunity through cosmetic improvements.
Summer Proves an Unusually Busy Season for New 565-Unit Brooklyn Condo Project
New York, N.Y.–Closings have gotten underway at The Edge.
Residential REIT Pursues Sustainable Initiatives for Portfolio
Rochester, N.Y.–Home Properties, a REIT that specializes in apartment properties in the northeastern U.S. and the mid-Atlantic, has unveiled portfolio-wide initiatives to improve the energy efficiency of its properties.
ST Residential Wins Corus Bank’s $4.5B RE Loan Portfolio
Atlanta–ST was formed after the Chicago-based Corus Bank failed on September 11, 2009.
NAI Las Vegas Merges Operations with The Sauter Cos.
Las Vegas–NAI Las Vegas has entered a partnership with The Sauter Cos. to merge staff and services and operate as NAI Las Vegas. The Sauter Cos. brings more than 40 years of commercial real estate experience in the Las Vegas market to the partnership, expanding NAI Las Vegas’ service offerings in multifamily brokerage. The Sauter Cos., founded in 1988, is based in Summerlin, a master planned community in Las Vegas. The firm has realized more than $1 billion in multifamily transactions over the last decade for properties across the local Las Vegas market. Under the terms of the merger, The…