News
Ideal Properties Group Re-Launching Brooklyn Luxury Apartments
Ideal Properties Group will re-launch The Bradford in Bedford Stuyvesant, the 105-unit development formerly known as the Acacia, which will now be utilized for luxury apartments.
Hidden Costs of Apartment Rentals
Not all costs are spelled out in a lease agreement, according to Dylan Pichulik, CEO of XL Real Property Management. MHN interviews Pichulik about hidden costs associated with rental units.
Washington Property Breaks Ground Again in Montgomery County
Washington Property Co. has broken ground on Solaire Bethesda, a 139-unit apartment community that will also feature 6,400 square feet of ground-floor retail space and a two-level underground parking garage. The development is slated for completion in 2016.
TODAY’S DEALS: Bascom, Oaktree Buys First Property in $250M Venture
Bascom and Oaktree buy a 320-unit asset in California, the first investment in a new venture; Passco Companies purchases a Research Triangle asset for $38.8 million; and CBRE/New England arranges a $3.5 million refinance for New Hampshire student housing.
Landmark, Carrfour Celebrate Grand Opening of $21M Redeveloped Affordable Housing Community
Real estate developer Landmark Development and nonprofit affordable housing developer Carrfour Supportive Housing recently celebrated the grand opening of a 1950s-era, 100-unit redeveloped affordable housing community in Miami’s underserved Brownsville neighborhood.
‘What Renters Want’ with Jessica Fiur: 5 Ways Property Managers Can Set Themselves Up for Success
Running a successful community doesn’t just happen. Here are some suggestions to make things run smoothly.
Bozzuto Construction Begins Work on New DC Development
Bozzuto Construction has announced that it has commenced site work on a $42 million condominium development at V Street NW and 15th Street NW in the popular U Street Corridor of Washington, D.C.
Economy Watch: Home Price Increases
In yet another metric confirming that home prices nationwide are still increasing but not as fast, CoreLogic reported that home prices, including distressed sales, increased 8.8 percent in May 2014 compared to the same month a year ago.
Hutton Completes Apartments in Eastern LA County
Hutton Cos. has completed the 172-unit La Verne Village Luxury Apartment Homes & Shops in La Verne, Calif., which also features about 15,000 square feet of retail. The developer has tapped Western National Property Management to manage the property.
TODAY’S DEALS: MacFarlane Buys High-Profile L.A. Development Site
MacFarlane announces plans to build 600-plus units in Los Angeles; Grandbridge Real Estate Capital completes a $21.3 million construction financing secured from a bank; and Capital One closes $14.6 million for an assisted living facility in Tequesta, Fla.