News
USC Casden Predicts Higher SoCal Apartment Rents
The 2014 USC Casden Multifamily Forecast reports that apartment rents are continuing to rise throughout Southern California as the demand for rental housing outpaces the completion of new units.
TODAY’S DEALS: IMT Acquires 338 Units from Wood Partners in Denver
Wood Partners sells a newly built community in Denver; a Beacon affiliate acquires 204 units in Amherst from an Equity Residential affiliate; and Capital One Bank closes on an $8.6 million Fannie Mae structured Adjustable Rate Mortgage.
Tristan Capital Partners and STAM Europe Inaugurate $130M Office Campus in Central Paris
A partnership between a real estate investment fund advised by Tristan Capital Partners and co-investor STAM Europe marked the official opening of a nearly 264,000-square-foot office complex located in the heart of Paris.
Marriott International to Open 30 Hotels Across Africa By 2020
Marriott International, the largest hotel company in the world with more than 4,087 properties in over 80 countries, recently revealed plans to open 30 new hotels across the African continent by 2020.
Online Marketing Tools for Every Real Estate Agent
Point2 Agent is a web-based solution that helps real estate agents boost their exposure and bring in more leads with easy-to-use tools including stunning agent websites, listing syndication and automated prospecting functionalities.
Auction.com Launches Auction Finance
Auction.com has launched Auction Finance, a new division created to facilitate financing for commercial and residential real estate investors.
ABI Multifamily Brokers Two Phoenix MF Sales
Winding Creek Apartments has acquired Winding Creek, a 54-unit garden-style apartment community in Phoenix, from J & Z Property Management for $1.7 million. Earlier in the week, the same buyer also purchased the Fountainhead Apartments, a two-story garden-style apartment community in Phoenix from Clancy & Associates for $8.145 million.
Economy Watch: FOMC Noncommittal on Interest Rates
The Federal Open Market Committee released its notes from its Sept. 16-17 meeting, and as usual, it purposefully offered nothing conclusive about when interest rates will rise.
Orkin Releases New Findings Regarding Pests in Apartment Homes
According to a survey released by pest control company Orkin, recurring pest issues cause 60 percent of apartment renters to look for a new place to live—a finding supported by the National Apartment Association.
Case Studies: Getting the Green Treatment
Two projects in San Francisco and Chicago exemplify sustainability at its best.