News
TODAY’S DEALS: ARA Brokers 583-Unit Sale in Northwest Austin
A Canadian investment firm buys into Austin, Texas; Civitas Capital closes $53.5 million for a joint venture development in Dallas; and Bessen & Assoc. announces a sale near Natural History Museum for a historic price at 3.3 percent cap rate.
Canyon Multifamily Impact Fund Acquires its First Community
Canyon Capital Realty Advisors and Citi Community Capital announced that they have acquired their first community, The Fountains at Palmdale, for its joint-venture fund, the Canyon Multifamily Impact Fund.
IREM and the University of Nebraska Partner to Advance Real Estate Management Education and Careers
The Institute of Real Estate Management (IREM®) and the University of Nebraska – Omaha (UNO), have signed a Memorandum of Understanding.
Campus Advantage Acquires Northgate Lakes at UCF
Student housing company Campus Advantage has acquired Northgate Lakes, which serves the University of Central Florida.
Economy Watch: Retail Sales Inch up in August
U.S. retail sales increased by a smallish 0.2 percent in August compared with July, according to the Census Bureau.
‘What Renters Want’ with Jessica Fiur: Apartments and Superstitions
Many high-rises don’t have a 13th floor. What other superstitions are there regarding buildings?
Oden Hughes Set for Construction of 950-Unit Community Starting in 2014
Austin-based Oden Hughes and Desarrollos Delta of Monterrey, Mexico, have announced that they will begin the first phase of construction on a 950-unit, multifamily community in the Northwest area of San Antonio beginning in early 2014.
NYC Falls Behind Tokyo in Residential Investment Value: Study of Top Global Cities
Residential rental growth in the world’s leading cities outperformed office rents in the first half of 2013, making residential real estate look a viable investment asset class, according to international real estate advisor Savills.
TODAY’S DEALS: Griffin-American Acquires 44 Seniors Housing Properties in the U.K.
Griffin-American Healthcare REIT II completes a $472.2 million U.K. portfolio acquisition; Landmark Apartment Trust of America acquires two apartment communities for $37 million; and Washington Property Co. obtains a $75 million permanent loan for new project in Silver Spring, Md.
Gersper Joins CFLane as Executive VP of Property Management
CFLane, a full-service multifamily investment firm and management services provider, has hired real estate veteran Melanie Gersper as executive vice president of property management.