News
APARTMENT MARKET STATISTICS: November 2013
Apartment transactions fell in the second quarter 2013 to $16.97 billion from the first quarter, according to PPR, a Costar company. Meanwhile, apartment completions increased by 64 percent in the second quarter in the top 30 metros, reports Marcus & Millichap.
TODAY’S DEALS: Advenir Acquires 400 Units in North Miami
Advenir completes a $44.5 million acquisition; NorthMarq arranges $89.1 million to refinance a California portfolio; and Centerline provides a $19.5 million Fannie Mae refinance and obtains waivers for a Baltimore property in less than 60 days.
Multiple Partners Unveil HANAC-PCA Senior Residence in Queens
Multiple federal and state government agencies, along with members of non-profit organizations, politicians and residents celebrated the grand opening of HANAC-PCA Senior Residences Friday in the Astoria section of Queens, N.Y.
What Renters Want: The Amenity Arms Race
A panel of multifamily experts recently delivered an overview of “What Renters Want: Development + Design Trends that Drive Occupancy,” at an AIA continuing education event held in Los Angeles and sponsored by Multi-Housing News, Interface and Universal Fibers.
Don Atchison Joins Greysteel Capital Markets
Greysteel Capital Markets, a Washington, D.C.-based real estate capital markets and investment banking firm, announced that Don H. Atchison has joined the firm as director.
The Spot Experience Branches Out to Boston
The Spot Experience, which provides dog service amenities to Millennium buildings located on the Upper West Side in NYC, will be expanding North to the Millennium Place, a 15-story luxury residential property located on the corner of Avery and Washington Streets in Boston.
Crossville Launches Sideview Glass Mosaics
Prepare to bring some bling to your boutique apartment asset with Crossville’s Sideview glass mosaic wall tile collection.
Economy Watch: Homebuilders Still Confident
Builder confidence in the market for newly built, single-family homes was unchanged in November from a downwardly revised level of 54 in October, according to the National Association of Home Builders.
Vesper Acquires Student Housing Near JMU for $19M
Vesper Holdings, a privately held real estate investment firm based in New York City, has acquired University Fields in Harrisonburg, Va.
TODAY’S DEALS: Avalon Bay Sells 588-Unit Apartment Asset for $210 Million
The DSF Group buys a property from AvalonBay in New Rochelle, N.Y.; Berkeley Point Capital provides $20.7 million for an Illinois apartment acquisition; and Edgewood Capital funds a $3.75 million bridge loan.