News
ROSS Appointed Manager of DC-Area Apartments
The company will oversee renovations to the apartments, additional improvements and upgrades. Admiral Place marks ROSS’s fourth management assignment for the community’s new owner.
6 Insights from the NAA Education Conference
Grooming the next generation of property managers, answering the data needs of owners and residents and combatting the nation’s affordability problem were top-of-mind issues at the apartment industry meeting.
Cooper Robertson to Renovate 2 VA Student Housing Buildings
As master planner, the company will create new interiors and exteriors for the buildings at Farmville, Va.’s Longwood University, as well as oversee all matters of aesthetics, architecture and design.
Economy Watch: Rents Rising in More Than Half of US
Twenty-six states and Washington, D.C., saw rental increases during the first six months of 2017, according to a recent ABODO report. The largest average increases occured in South Carolina, Maine, Vermont and Rhode Island.
Manhattan Mixed-Use Snags Pre-Development Financing
A joint venture obtained $200 million for 520 Fifth Ave., which will include 145 condos, 208 hotel rooms and 33,000 square feet of retail space.
Phoenix Community Commands $42M
Brass Enterprises made its first foray into the metro’s multifamily market with the acquisition of 1221 Broadway, a 194-unit garden-style property in Tempe, Ariz.
Houlihan Lawrence Adds to C-Suite
The 130-year-old company has announced the promotion of Anne Marie Gianutsos to CMO and the appointment of Nicholas Fears as CFO of the company’s corporate management team, headquartered in Rye, N.Y.
$29M Earmarked for MN Financing
Grandbridge Real Estate Capital arranged the first-mortgage loan for construction of a 110-unit community in St. Louis Park.
Sussex Capital Snags LA Community
Avison Young brokered the deal, which amounted to $450,000 per unit. The property, called Hillpointe, includes 30 units in Hollywood Hills.
6 Innovative Products from the NAA Education Conference
Some of the most interesting products included an augmented reality interior design app, a smart shower system and pet-friendly carpeting.