News
ROSS Makes First Property Management Foray in N.C.
Besides overseeing the day-to-day operations of the North Carolina community, ROSS says it will aim to strengthen the apartment’s digital presence and online reputation while giving it an advertising boost.
Big Companies Find New Way to ‘Go Green’
IREM’s Certified Sustainable Property certification provides an alternative to LEED that gives its real estate members recognition for their green efforts.
Fonds immobilier de Solidarité FTQ and Trigone to Revamp Laval Neighborhood
District Concorde, a 1,400-unit condominium project, will soon rise in the up-and-coming Laval-des-Rapides neighborhood in Quebec.
Kaftan Expands the Metropolitan Portfolio
Kaftan Communities recently completed renovations on the Metropolitan Lafayette, their second community in Royal Oak.
Market Pulse for January 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: After a steep decline in July, from 510,000 to 382,000, housing starts of buildings with five or more units, measured at a seasonally adjusted annual rate, have now risen for two consecutive months. In September 2015, housing starts of buildings with five or more units rose by 17.0 percent to 454,000. This increase follows the 1.6 percent growth that took place in August. Together, housing starts of buildings with five or more units have risen by 18.8 percent over the past two months. Since the monthly rate…
Trammell Crow, Principal Break Ground on Compton, Calif. Property
The project will consist of two Class A industrial logistics buildings totaling about 1 million square feet.
Crescent’s Sales Hit High Water Marks
Crescent sold three apartments for $170.6 million, setting high-water sales marks in Tampa, Fla., Charlotte, N.C. and Nashville, Tenn.
MORGAN Brings Luxury to Houston with Pearl Woodlake
According to the developer, the property is a “a prime example of upscale urban living at its finest.”
Evergreen Adds Senior Community to Englewood
Evergreen Real Estate Services has announced the recent completion of Sangamon Terrace Apartments, a new four-story building providing 24 units of affordable senior housing.
Pearl District Condo Building Lures Overseas Investor
A joint venture between Oakwood Worldwide and Mapletree Group has acquired a LEED Platinum certified building in Portland.