Finance & Investment
MAA Buys 230-Unit Buckhead Apartment Community
By Georgiana Mihaila, Associate Editor Memphis, Tenn.-based MAA, an apartment-only real estate investment trust, recently added the 230-unit Allure in Buckhead Village community to its portfolio of over 49,000 apartment units spread throughout the Sunbelt region of the U.S. While the company is currently selling several of its Atlanta-area assets and an acquisition was not […]
MHN Interview: Affordable Housing Gets Some 'Southern Charm'
Milton Prat, senior vice president, The Michaels Organization, speaks to MHN about their new affordable housing community in Montgomery, Ala.
Highwoods Properties Buys $26M Building from its Partner
by Adriana Pop, Associate Editor Highwoods Properties Inc. has purchased full ownership of a 178,300-square-foot office building in Cary from its joint venture investor, in a transaction valued at $26 million. Highwoods had developed the four-story building located at 11000 Weston Parkway in 1998. One year later, the company sold 77 percent ownership in the property […]
SPECIAL REPORT: Financing Availability, Low Interest Rates Drive CRE Markets
Debt financing has returned to the commercial real estate markets, deleveraging will likely continue, and the stream of distressed loans will continue to flow into the market, according to speakers at the 2012 ULI Spring Meeting held last week.
Wood Partners LLC Announces 388-unit Alta Alameda Station Development
By Gabriel Circiog, Associate Editor Wood Partners LLC has announced plans to build a 388-unit transit-oriented community in the historic Baker district of Denver. Alta Alameda Station will be built on over five acres of land at 275 Cherokee Street, west of S. Broadway. The community will be directly across from the Alameda Light Rail […]
SPECIAL REPORT: Multifamily a Desired Investment in Europe
Amidst the European sovereign debt crisis, opportunities exist for commercial real estate investors on the continent, according to panelists speaking during a session at the 2012 ULI Spring meeting.
Impakt Development Nears Completion on School Conversion
by Adriana Pop, Associate Editor The conversion of the historic Fifth Avenue School into a luxury apartment building is nearing completion. Located near the South Side, Downtown and Oakland, Pittsburgh’s newest loft project offers 65 large floor plans. The Pittsburgh Business Times reported that work began in 2010, and the first units would be turned […]
Resmark Apartment Living to Develop Two Apartment Communities in Chula Vista
By Gabriel Circiog, Associate Editor Resmark Apartment Living, a division of The Resmark Companies, has teamed up with ColRich to develop two apartment communities in southern San Diego County. Located in the Eastlake master-planned community in Chula Vista, the 19.6-acre development site is just south of the Olympic Parkway and Wueste Road intersection adjacent to […]
Is There an Apartment Market Bubble?
Is there a possibility of a bubble developing in multifamily real estate driven by the low cost of capital, low yields in alternative investments, aggressive projections of apartment incomes in valuation and/or any other factors?
Construction Lending Returns to Core Markets
The worst in the cycle is behind us. Vacancy rates and absorption numbers show signs of improvement, and rents appear to be stabilizing across most property types.