News
Upside Investments Acquires 669 Apartment Units in LA
Upside Investments has acquired Crenshaw Village Apartments, a 669-unit multifamily property in Los Angeles, for $60 million.
Construction Begins on Three-Way JV Partnership Community in Rahway, N.J.
Construction has commenced on a 116-unit Sterling Properties, AST Development and Hearstone Development joint venture community in the heart of Rahway’s Arts and Central Business District.
TODAY’S DEALS: Steadfast Income REIT Acquires Three Apartment Communities
Steadfast completes acquisitions in Texas and Tennessee; ARA brokers a 419-unit Dallas portfolio sale; and NorthMarq Capital arranges financing of $10.24 million for a mixed-use project.
WinnDevelopment Completes Rehab of Huntington Woods
The rehabilitation of Huntington Woods, a 280-unit, mixed-use apartment community in Bristol, Conn., is complete
Economy Watch: The Impasse Drags On
The federal government shutdown continued throughout the weekend, though the House voted unanimously on Friday to pay furloughed government workers, who number about 800,000, for the time they’re spending furloughed.
TODAY’S DEALS: Mack Urban and AECOM Announce the Land Acquisition of Six Acres for More Than $80M
Mack Urban and AECOM Capital announced the acquisition of six acres of land in downtown Los Angeles’ South Park district; three Georgia seniors housing assets trade for $30.9 million; and Greystone closes $15.9 million in Fannie Mae financing for a Maryland community.
Manhattan Residential Prices Up, Inventories Down, According to Brown Harris Stevens
The Manhattan for-sale apartment market is hotter than last year, mainly because multimillionaires are more active in the market than before.
The Residences at W Atlanta-Downtown 50 Percent Sold
The Residences at W Atlanta-Downtown reports that it has sold more than half of its available units.
‘What Renters Want’ with Jessica Fiur: What Should You Include in Your Apartment Marketing Photos?
What should you feature in your apartment pictures to attract the most prospective renters?
Blackstone Completes Takeover of Debt-Laden European Mall Developer Multi Corporation
U.S. private equity giant Blackstone has completed the takeover of Netherlands-based Multi Corporation, an owner, manager and (re)developer of high quality shopping centers across Europe.