News
Renters by Choice Fuel Multifamily Marketplace
Within the next decade, 5 to 6 million new-renter households will be created. Resort-style amenities, convenience and flexibility are among the benefits of apartment living.
TODAY’S DEALS: Ginkgo Residential Buys Apartment Communities in Virginia
Ginkgo Residential grabs three assets from Berkshire Property Advisors; Bell Partners buys a 316-unit community in Fort Worth; and Mission Capital arranges $31.4 million in debt and equity financing for a new downtown construction.
Detroit Honors Local Multifamily Developer Village Green
The City of Detroit has honored multifamily specialist Village Green for its efforts in revitalizing the apartment market in the city’s urban core.
Kettler to Start Construction on Crystal City Rental Property
Real estate development firm Kettler is moving ahead with development of an 11-story, 198-unit luxury high-rise apartment project called m.flats Crystal City in the Crystal City neighborhood of Arlington, Va.
Economy Watch: Consumers Expected to Spend More This Holiday Season
The International Council of Shopping Centers forecasts that U.S. holiday retail sales will improve 4 percent this year compared with 2013 (the organization counts sales in November and December as holiday sales).
TODAY’S DEALS: Vesper Acquires 1,002-Bed Student Housing Asset in Tampa
Vesper expands its student housing portfolio in Florida; Marcus & Millichap Capital Corp. arranges $38.5 million in construction financing in Northern California; and Passco Companies acquires a property located in South Carolina for $30.9 million.
Ground Broken on Villas on the Boulevard in Santa Clara
Groundbreaking ceremonies have been held for Villas on the Boulevard, a new 186-unit luxury apartment community in Santa Clara, Calif.
Economy Watch: Residential Price Increase Still Slowing
Trulia reported that asking prices for U.S. residential properties rose 0.8 percent in September, up in 92 of the 100 largest metro markets.
Making Magic
The first impression received by prospects will largely shape their renting decisions.