News
Prime Property Investors Buys Houston-Area Apartments
Prime Property Investors has acquired a 306-unit apartment community in metro Houston for an unspecified price.
TODAY’S DEALS: KeyBank Provides $139M to Refinance Four-Property Portfolio
KeyBank provides a $139 million refinance on behalf of NSP Inc.; Capital One Multifamily closes $17.2M for apartments; and Community Preservation Corp. provides a $12.42M Freddie Mac loan for market-rate housing in downtown Syracuse, N.Y.
Downtown Dallas Building Earns First IREM Certified Sustainable Property Certification
he Energy Plaza building, a 49-story office property located at 1601 Bryan Street in downtown Dallas, has become the first building in the United States to be awarded the IREM® Certified Sustainable Property certification by the Institute of Real Estate Management (IREM®).
McShane Awarded Construction on Continental Properties Development
Continental Properties has appointed McShane Construction Company’s Southeast Region to handle construction of Springs at Waukee, a 260-unit luxury apartment community to be built near Des Moines, Iowa.
Alchemy Properties’ 35XV Condo Development is 80 Percent Sold
Alchemy Properties has announced that 80 percent of the residences at its 35XV condominium development have been sold. The 24-story building is located at 35 West 15th Street in Manhattan and is expected to be completed by the fourth quarter of 2014.
Economy Watch: U.S. Economy Adds 217,000 Jobs in May
The Bureau of Labor Statistics reported that the economy added a net of 217,000 jobs in May, which wasn’t quite as much as in April, but still a reasonably healthy number.
Disruptive Technologies
Apartment marketing makes use of new consumer-driven capabilities.
Managing Resident Turnover
Efficient workflow and planning is the key to minimizing turn costs.
Combined Properties Wins Zoning for Fairfax Apartments
The City of Fairfax, Va., has approved a rezoning application for a project called Fairfax Circle Plaza.