News
Beneficial Communities to Begin Work on South Miami Seniors Housing
Work will start soon on Metro South Senior Apartments at Sunset Dr. and SW 61st Ave. in South Miami, a south suburb of Miami.
Garden Communities Begins Leasing of Fair Lawn Mixed-Use Community
Garden Communities, a subsidiary of Garden Homes, has began leasing operations on the 150 luxury rental apartments of Fair Lawn Promenade, a mixed-use community in Fair Lawn, N.J., currently under construction along Route 208.
Delshah Appoints Jeffrey Bogino as SVP, Managing Director
Delshah Capital has announced the appointment of Jeffrey D. Bogino as senior vice president and managing director.
Economy Watch: GDP Barely Rises in Q1
Real gross domestic product in the United States increased at an annualized rate of 0.1 percent in the first quarter of 2014, according to the “advance” estimate released by the Bureau of Economic Analysis.
APARTMENT MARKET STATISTICS: May 2014
According to PPR/CoStar, average apartment sales price was $107,501 per unit in the fourth quarter of 2013, down slightly from the same period in 2012.
TODAY’S DEALS: Abacus Capital Picks Up Chicago Asset from AEW JV
HFF arranges a 100-unit sale in Chicago; Boston Capital invests in two LIHTC developments in Boulder, Colo.; and Hendricks-Berkadia negotiates the sale of an apartment community in Tampa, Fla.
Meta Housing Corporation Breaks Ground On Affordable Housing Community in Vernon, Calif.
Meta Housing Corporation has announced that it has broken ground on its latest community, Vernon Village Park. The project is the first-ever new private multifamily development in California’s smallest incorporated city, which totaled a population of 112 in the 2010 U.S. Census.
NY Landlord UAM Expands Green Initiatives
Urban American Management has unveiled plans to expand its sustainability program at 3333 Broadway, one of the largest multifamily buildings in New York City, with almost 1,200 units under one roof.
University Student Living Welcomes New Developers
University Student Living (USL), the comprehensive student housing company of The Michaels Organization, has named three new vice presidents to its development team: Tom George, Steve Hillebrand and Kristina Vagen.
Roseview WinnResidential Fund I Acquires The Trails at River Park
Roseview WinnResidential Fund I, established by national real estate development and property management company WinnCompanies, in conjunction with private real estate investment and advisory firm The Roseview Group, has made its first acquisition.