News
TODAY’S DEALS: Charles Dunn Co. Completes $8.1M L.A. Sale
Charles Dunn. Co. sells a 33-unit community in Echo Park; Berkadia provides a $19 million, seven-year, floating-rate loan for an acquisition in Portland, Ore.; and Bainbridge Cos. grabs an asset in Virginia Beach.
Condos Now Available at Montage at Hamilton’s New Building
Builder Sharbell Development has announced that condominiums in the new building at its upscale Mercer County active-adult community Montage at Hamilton are now available for lease or purchase.
Comcast Announces ‘Advanced Communities Network’ for Multifamily Properties
Comcast unveiled a new suite of fiber-based products and services–Xfinity’s Advanced Communities Network (ACN)–tailored specifically for multifamily properties within its residential footprint.
Corvias and University System of Georgia Partner on Innovative $517M P3 Deal
Corvias Campus Living has been picked by the Board of Regents of the University System of Georgia to develop, construct, manage and maintain student housing in the first phase of a public-private partnership, which will include 3,683 new beds and 6,195 existing beds totaling more than 3 million square feet across nine of the USG’s 31 campuses.
Economy Watch: Industrial Productions Off Slightly in October
U.S. industrial production edged down 0.1 percent in October after having advanced 0.8 percent in September, the Federal Reserve reported.
New Affordable Seniors Property Opens in LA County
Affordable Living for the Aging has opened its latest seniors housing development, the Janet L. Witkin Center, which has 17 units at 937 N. Fairfax Ave. in West Hollywood. The project will serve low-income and formerly homeless seniors.
TODAY’S DEALS: Weinstein Buys 260-Unit Property from Wood Partners
ARA brokers Wood Partners’ sale of a newly built asset; Graysteel arranges a 30-unit sale in Northwest Washington, D.C.; and ARA participates in the sale of a Class A apartment community located in a 200-acre mixed-use community.
TIAA-CREF-Owned Seattle Properties Earn Energy Star Certification
Of the first 17 existing multifamily properties recognized by the U.S. EPA’s ENERGY STAR program, three are properties owned by TIAA-CREF. The U.S. financial services organization and leading real estate investor owns Aspira, Circa Green Lake and the Prescott Wallingford apartments, all located in Seattle.
Webinar Explores Multifamily Technology in the Apartment Industry
When it comes to the future of technology affecting the apartment industry for the better, one of the most important things to keep an eye on is the emergence of the “Internet of Everything,” which has the potential to be as revolutionary as the Internet itself.
Economy Watch: Retail Sales Edge Up in October
Americans increased their retail and food services spending by 0.3 percent in October compared with September, according to the Census Bureau.