News
Accor’s HotelInvest Acquires Two Hotel Portfolios For $1.22 Billion
Accor’s HotelInvest business is adding two real estate portfolios, having agreements to purchase a total of 97 hotels for a combined fee of around $1.22 billion.
Mediterranea Introduces Contemporary Dream Series
The new Dream series from Mediterranea is a durable porcelain tile that delivers the wood look while staying true to a contemporary color palette.
Allied Realty Breaks Ground on Sugar Land-Area MF
Allied Realty has broken ground on The Retreat at Riverstone, a new, 249-unit exclusive apartment home community located in the heart of Sugar Land, Texas, with a targeted opening of Fall 2014.
Economy Watch: Construction Spending Advances in April
The Census Bureau reported that U.S. construction spending during April, both public and private, came in at an annualized rate of $953.5 billion, or 0.2 percent above the March rate.
Vacancy Goes Up in Austin, But So Does Employment
The Silicon Hills nickname Austin, Texas, received in the 1990s proves to still be a suitable one for the current times due to the technology firms that are continuously attracted to this area. This impacts a few market aspects, primarily employment, and subsequently construction, rent growth and new investments.
Enterprise Homes Begins Redevelopment of Maryland Apartments
Redevelopment work has started on Locust House Apartments, a 98-unit multifamily property in Westminster, Md., an outer suburb of Baltimore.
Turning Up the Heat on Fair Housing Education
How to prevent discrimination claims at your community.
Hell’s Kitchen Boutique Rental and Hotel is Now Open
Douglas Elliman Development Marketing has announced that leasing has started at the new 12-story Cassa Hotel and Residences in the Hell’s Kitchen neighborhood of New York.
$158M Luxury Condos in Brisbane Selling at Fast Pace
Newstead Towers, the 314-unit condo project set to break ground in 2014’s fourth quarter in Brisbane’s inner-city has reached the AUD 100 million (USD 93 million) sales mark within four weeks of its launch, according to appointed builder Brookfield Multiplex.
TODAY’S DEALS: Morgan Properties, The Olayan Group Buy $309M Apartment Portfolio
Morgan Properties and The Olayan Group buy 2,671 apartments in the Maryland and Virginia suburbs of Washington, D.C.; The Richman Group acquires a Florida development site for a 417-unit community; and NorthMarq Capital secures $32 million for multifamily properties.