News
Bascom Closes on 138-Unit Community in Whittier, Calif.
The Bascom Group has announced that it has acquired Four Winds Apartments in the South Los Angeles County city of Whittier, Calif. for a price of $13.4 million or $97,101 per unit. The 138-unit, garden-style community is located at 8121 Broadway Avenue in Whittier and marks The Bascom Group’s second purchase in Southern California in that past two months.
Sherwood Equities’ 500 West 21st Street Condominium Underway
Main foundation work is complete on a new condominium development from Sherwood Equities in Manhattan’s West Chelsea community.
Perspective: Ancillary Income In the Year 2019
It’s easy to look back at the 1980s as the far distant past with its big hair, curious clothing choices and antiquated technologies. After all, think how far we’ve come since rotary phones, VCRs, camcorders and the Sony Walkman. Yet, when you look at the past, some things really haven’t changed at all. In effect, these root features make up the core functionality that created the rise of the Internet itself and the now ubiquitous smart phones which are enabled by it.
Economy Watch: Employment Metrics Not Bad in March
The increase in U.S. jobs in March (up 192,000) was welcome news to those worried that something more deleterious than cold weather had hit the economy during the winter.
TODAY’S DEALS: Bascom Nabs 138-Unit Apartment Community in SoCal
The Bascom Group acquires a 138-unt apartment community; Charles Dunn completes a $2.7 million sale in L.A.’s Westwood submarket; and Centerline Capital arranges $4 million Fannie Mae financing for an acquisition in the Boston area.
Raleigh, N.C., Tops the List for Highest Renter Customer Satisfaction, Study Says
Raleigh, N.C., was recently ranked No.1 for online renter satisfaction according to a study released by J Turner Research, a Houston-based company that exclusively specializes in market research for the multifamily industry.
Mattamy Buys Jacksonville-Area Master-Planned Site for $43M
Mattamy Homes has acquired the RiverTown property from the St. Joe Co. for $43.6 million.
‘What Renters Want’ with Jessica Fiur: The Futility of Marketing Apartments to Gen Y
Gen Y is getting older, and might want different amenities than they used to. So how should property managers market their apartments?
Economy Watch: Economy Creates 192K Jobs in March
The U.S. economy created 192,000 jobs in March, according to the Bureau of Labor Statistics.
TruAmerica Multifamily Makes First Denver-area Acquisition
TruAmerica Multifamily has announced that in partnership with two other companies, DVO Real Estate and RCG Longview, it has purchased Tamarac Village Apartments, its first acquisition in the Denver metro area.