News
Apartment Completions in Top 100 Metros at 14-Year High
Apartment completions in the nation’s top 100 metros reached the highest levels in 14 years in the third quarter at 66,813 units, and pushed the annual completion total so far to 226,615 units—also a 14-year high—according to information released by MPF Research.
CBRE Picked to Market Boynton Beach Rental Property
The CBRE Capital Markets and Institutional Multifamily Group has been chosen as exclusive marketing advisor for the La Costa lakefront apartment community in Boynton Beach, Fla.
SPECIAL REPORT: Lowest Cap Rates in History, Global Liquidity, Raise Fears of U.S. Commercial Property Inflation
The flood of liquidity worldwide is leading to an increase in commercial real estate values, noted Ken Rosen, chairman of the Rosen Consulting Group. Rosen spoke at a luncheon presentation during the 2014 CREW Network Convention & Marketplace this week in Miami.
Economy Watch: Economy Adds 248K Jobs in September
According to the Bureau of Labor Statistics, the U.S. economy created 248,000 jobs in September, well beyond the gains of the last 12 months, which have averaged 213,000 per month.
ASB Buys Sustainable Apartments in Boston
ASB Real Estate Investments has acquired the Element, a recently constructed 100-unit apartment building that’s part of the Green District, a sustainable residential community in Boston’s Allston-Brighton neighborhood.
Karlin Real Estate Acquires Retail Portfolio in Spain and Portugal from Redevco
In an all cash transaction, Los Angeles-based Karlin Real Estate has acquired a portfolio of more than 247,000 square feet (23,810 square meters) of retail properties located in Spain and Portugal from developer-investor Redevco, which has its roots in the Dutch C&A fashion retail chain.
Hines Launches $250 Million Hines India Residential Program Set to Focus on Multifamily Projects in Major Urban Areas
International real estate firm Hines recently announced the launch of its Hines India Residential initiative.
Average Apartment Sale Price Up in Manhattan
A third quarter Brown Harris Stevens Manhattan residential market report released Oct. 1 shows that the average apartment sale price remained unchanged from the previous quarter, but was up 18 percent from the same quarter of the previous year to $1.67 million—the second highest average apartment price ever recorded.
REMCO Welcomes Brian Becker As Senior Operations Manager
Architectural surface restoration and maintenance company REMCO announced the newest member of its executive team. Brian Becker, of Brewster, N.Y., has joined the Long Island City-based company as senior operations manager.
George Searcy Joins Jamboree Housing Corporation as Vice President
Jamboree Housing Corporation announced today that George F. Searcy has been hired as vice president of the Resident Services Group to oversee the company’s programming that provides its residents with social, employment, education and health services designed to enhance the quality of individual and family life.