News
Economy Watch: Retail Sales Grow in August
Americans had an itch to buy more in August, according to the Census Bureau.
TODAY’S DEALS: Onex, New York Life Insurance Sell 1,056-Unit Portfolio
IPA brokers sell three Midwest assets for a partnership between Onex and New York Life Insurance; a joint venture between The Kalikow Group and EYC Companies completes a sale in North Carolina; and EverBank funds a $2 million loan for the acquisition of a six-apartment property.
JDC Completes Crenshaw Apartments in L.A.’s West Adams District
Crenshaw Apartments, a new, two-story, 10-unit ground-up apartment project in the historic West Adams neighborhood of Los Angeles, has been completed.
Economy Watch: Demand Growth for Oil Slows Worldwide
In its Oil Market Report for September, the International Energy Agency has lowered its forecast for global oil demand for the third month running.
Wood Partners to Develop Former Steel Fabrication Site in Chandler, Ariz.
Wood Partners has announced that it will develop a 301-unit apartment community, Alta Steelyard Lofts, in downtown Chandler, Ariz., in hopes of capitalizing on the booming Phoenix suburb.
Southeast Apartment Market Heads North
Things are looking up between North Carolina and Florida.
Fannie Mae Releases Major Study on Multifamily Energy Use
Fannie Mae released a major new report on energy usage in the multifamily sector called “Transforming Multifamily Housing: Fannie Mae’s Green Initiative and Energy Star for Multifamily.”
Phoenix Seniors Housing Company & Multifamily Owner-Operator Join Forces
IPA, a luxury multifamily communities operator in Michigan and Arizona, and Retirement Community Specialists Inc. (RCS), a luxury seniors housing communities operator in Arizona, announced they have joined together under the same umbrella company, IPA LLC.