News
73 East Lake Awarded LEED Gold, Surpasses 60 Percent Leasing Mark
M & R Development has announced that its 42-story apartment building, 73 East Lake, in Chicago’s East Loop has been awarded LEED Gold certification from the U.S. Green Building Council.
Detroit Breaks Ground on Unprecedented Public Transit System
Ground has been broken for the M-1 RAIL Streetcar project, an unprecedented Detroit public transit initiative intended to generate new investment and development around the rail line.
Economy Watch: Housing Starts Take a Dip in August
The Census Bureau reported that private housing starts in August came in at an annualized rate of 956,000 units, a drop of 14.4 percent compared with July, when the rate was more than 1.11 million units.
Crescent Ninth Street in Durham Opens
Crescent Ninth Street, a 303-unit apartment community in Durham, has been completed. The property is at 749 Ninth St. in the city’s Ninth Street district, which is between Duke University’s East and West campuses, and is known for its bars, restaurants, coffee shops and funky retail.
TODAY’S DEALS: TIAA-CREF, TIAA Henderson Close Apartment Fund with $420M Value-Add Target
TIAA-CREF and TIAA Henderson close a value-add CASA fund after raising $260 million in equity; Pure Multi-Family REIT lands acquisition financing for communities in Arizona and Texas; and ARA arranges the sale of an Austin property to an affiliate of Heitman.
Infosys, Skanska Sign Record-Breaking Office Lease Deal in Poland
Infosys BPO Poland has signed a 10-year lease agreement with Skanska Property Poland to occupy an area of more than 226,000 square feet (21,000 square meters) of office space in the Infosys Green Horizon office complex in Lodz.
Scandic Announces New Stavanger Hotel, Will Operate Seven Facilities in Oil Industry-Driven City
Scandic is expanding its operations in the Nowegian city of Stavanger.
The Mark Company Selected as Exclusive Sales and Marketing Firm For Relaunched LV Community
The Mark Company has announced that it has been named as the exclusive sales and marketing firm for the condominium community at 8925 West Flamingo Road in Las Vegas, which has been relaunched as Park House and was formerly known as The Modern.
‘What Renters Want’ with Jessica Fiur: Are You Doing This Crucial Step for New Employees?
It is important to train your new employees so that they know community procedures and how to properly interact with residents.
Multifamily Decline Pushes Nationwide Housing Starts Down 14.4 Percent in August, Says NAHB
Led by a steep 31.7 percent decline in multifamily production, nationwide housing starts fell 14.4 percent to a seasonally adjusted annual rate of 956,000 units in August.