News
Korea Land & Housing Corp. to Develop South Korean Skyscraper
Infinity Tower, a new skyscraper in Seoul, South Korea, will be developed with the backing of state-owned developer, Korea Land & Housing Corporation, according to World Property Channel.
Greystar to Acquire Portfolio of Student Housing Assets in the United Kingdom
Greystar Real Estate Partners announced that the company, in partnership with Goldman Sachs, has entered into an agreement to purchase a portfolio of UK student housing assets out of the bankruptcy administration proceedings for the Opal Property Group.
Bascom Group Acquires Northwest Las Vegas Property
The Bascom Group has acquired Broadstone Montecito, a 336-unit, Class-A, garden style community in Las Vegas.
Bosa Development to Sell 350 Residences at Insignia Development in Seattle
Residences in the Northwest’s largest condo development, Insignia, are now on the market after Bosa Development kicked off the sales for its first 350 units to potential buyers from its Sales Center in Seattle last weekend.
Economy Watch: Pending Home Sales Edge Down
According to the National Association of Realtors, the Pending Home Sales Index, a forward-looking indicator based on contract signings (but not closings), dropped to 107.7 in August from a downwardly revised 109.4 in July.
Meet the 2013 MHN Tech Choice Winners
Industry users have voted these firms as those that stand out among the rest.
2013 MHN Excellence Awards Slideshow
MHN hosted its annual Excellence Awards on Friday, Sept. 20 at 75 Wall—Residences atop the Andaz, and the evening was sponsored by Yardi and by 75 Wall developer The Hakimian Organization in cooperation with Hundred Stories PR. Photos of the event have been posted in this slideshow and below.
CAF Capital Partners Buys Suburban Fort Worth Apartments
Dallas-based CAF Capital Partners has purchased Cross Creek at Grapevine Ranch in the Fort Worth suburb of Grapevine for an undisclosed sum from Irvine, Calif.-based Granite Investment Group. The 392-unit property is 95 percent leased.
TODAY’S DEALS: RADCO Acquires 982-Unit Apartment in Atlanta
The RADCO Companies completes a $39.6 million distressed acquisition; Trade Street Residential acquires a 208-unit apartment community in Charlotte; and Johnson Capital arranges a $2.86 million acquisition loan.
Multifamily Living, Multiple Choices
To get a sense of how residents in the Northwest use energy in their multifamily homes and how units are constructed across the region, Northwest Energy Efficiency Alliance (NEEA) recently studied residents’ habits based on a random and representative sample of 230 buildings and 552 units in the Northwest.