News
Empty Nesters and Millennials Drive Urban and Suburban D.C. Multifamily Market
The greater Washington D.C. area has more than 30,000 apartment units coming online, scaring some institutional investors.
HydroPoint Announce Next Generation Smart Irrigation
HydroPoint Data Systems announced at the Irrigation Show & Education Conference its Fall 2014 WeatherTRAK® Smart Irrigation Release building on the Company’s new conservation apps and advanced flow management products announced earlier this year.
TODAY’S DEALS: JB Matteson Purchases Sacramento Multifamily Community for $29.8M
JB Matteson buys its second Sacramento apartment asset; Bell Partners sells a St. Louis community to Equus Capital Partners; and CBRE Group arranges the sale of a Coney Island apartment building for $3.78 million.
Capital One Multifamily Finance Opens Orlando Office, Appoints Senior Vice President Robert Nagel to Head Office
Capital One Multifamily Finance announced that it has opened a new office in Orlando, Florida. The office will be headed by Robert Nagel, newly appointed senior vice president of originations, and will offer Capital One’s clients access to Agency financing from Fannie Mae, Freddie Mac, and the FHA.
Sunrise Adds Four Properties to Management Portfolio
San Diego-based Sunrise Management has announced the addition of four properties to its multifamily portfolio, adding 477 units to its portfolio of more than 5,300 units in the region.
Recent Success Fuels New Wave of Sales at Dubai Creek Harbour
Sales for more than 240 units in the second and third luxury residential towers of Dubai Creek Harbour at The Lagoons were launched in mid-November, at a sales event in Dubai, Abu Dhabi and Doha.
Jersey City’s Multifamily Boom: Q&A with Mayor Steven Fulop
Jersey City currently has 5,000 residential units under construction with another 18,000 that have been planned or approved. MHN recently had the chance to catch up with Mayor Steven Fulop to get the scoop on Jersey City’s multifamily boom.
KGD Architecture’s Arlington Mill Residences Captures Award
Arlington Mill Residences, an affordable housing community in Arlington, Va. has been named “Best Housing Development in Virginia.”
Condo Construction Financing Making a Slow but Steady Comeback in Miami
The recent recession hit the real estate industry hard. Miami’s multifamily residential construction scene was no exception; however, the condo market is beginning to bounce back.
Economy Watch: Existing Home Sales Edge Up
Total existing U.S. home sales rose 1.5 percent to an annualized rate of 5.26 million units in October from 5.18 million in September, the National Association of Realtors reported.