News
Million-Dollar Condos to Go On Sale in Arizona
The Sterling Collection at Silverleaf, a condo development in suburban Phoenix, has opened its sales center, with construction beginning shortly.
Going Down
(national cap rate performance based on properties and portfolios of $2.5 million and greater)
What Renters Want with Jessica Fiur: Why You Should NOT Use Facebook at Your Community
Social media might be popular, but it might not be the best way to communicate with your residents.
TODAY’S DEALS: Walker & Dunlop Structures $145M Mortgage for Honolulu Asset
Walker & Dunlop arranges a large Fannie Mae mortgage; TGM Associates completes a Connecticut sale; and Capital One Multifamily provides a $30.25 million bridge loan for Golden Horizon Realty.
Magnusson Architecture and Planning Promotes New Principal
Magnusson Architecture and Planning (MAP) has announced Fernando Villa, AIA, LEED AP, has been promoted principal and director of design.
Altis Cardinal Returns to Development
Altis Cardinal has announced returning back to development with the acquisition of 10.5 acres of land in St. Petersburg, Fla.
Progress Student Living Sells Two Student Housing Communities
Progress Student Living sold a two-property portfolio to Phillips Acquisitions, a privately held real estate investment, development and management firm based in Santa Barbara, Calif., focused on student housing.
New LA Multifamily Casting a Wide Net for Renters
Diversified real estate development and management firm Decron Properties Corp. will hold a ribbon-cutting ceremony on January 27 to recognize the grand reopening of the newly renovated River Ranch Apartments.
Economy Watch: US, World Metro Areas’ Economic Growth Vastly Uneven
The fastest-growing metro areas in the United States year-over-year in 2014—including both employment growth and GDP per capita growth combined—were (in order beginning with the strongest): Austin, Houston, Raleigh, Fresno and Dallas.
Tallest Residential Tower in Downtown Manhattan Tops Out
Silverstein Properties has topped out 30 Park Place at 82 stories.