News
Economy Watch: Some City Budgets Rearch Pre-Recessionary Levels
According to a study released by the Pew Charitable Trusts on Monday, some of the largest U.S. cities have seen their municipal budgets recover from the lows of the recession, when steep drops in tax revenue and other income cut into city coffers.
Berkshire Property Advisors Recognized as Top 100 Places to Work in Dallas Fort Worth
Berkshire Property Advisors was recently recognized by the Dallas Morning News as one of Dallas Fort Worth’s Top 100 Places to Work in 2013 ranking 22nd.
JMP Holdings/Canoe Brook Complete Second Phase of N.J. Apartments
The second phase of Highlands at Hilltop in Verona, N.J., has opened. The phase, which is adjacent to the first phase, adds 130 rental units to the community, as well as a 6,000 square-foot club room, outdoor pool, computer center, billiards, a golf simulator and other amenities.
Three-Way JV Acquires Building at 84 Williams Street in Downtown Manhattan
A joint venture between Korman Communities, Shorewood Real Estate Group and Prodigy Network has announced that it has acquired the building at 84 William Street in Downtown Manhattan.
Mill Creek Residential to Develop Luxury Apartments in Miami
National real estate developer Mill Creek Residential has announced plans to develop a 262-unit luxury apartment community in Miami to be called Modera Bird.
TODAY’S DEALS: Raia Buys a Tallahassee Apartment for $42.2M
ARA brokers a Tallahassee sale; Steel Castle buys a 296-unit apartment in San Antonio; and Centerline provides $4.5 million to refinance a community in Florida.
Economy Watch: October Job Report Details
The unexpectedly strong employment report for October—204,000 jobs created—spotlighted various positive employment trends for the economy.
MHN Interview: Investing in International Student Housing
Greystar recently acquired a student-housing portfolio in the U.K. MHN talks to Bob Faith, founder and CEO of Greystar, about this international investment strategy, and the challenges they faced.
TruAmerica and Partners Buy San Jose Apartments for $38M
A partnership between TruAmerica Multifamily, Vista Investment Group and Western Investments Capital, has acquired Avenel Apartments in San Jose, Calif., for $38 million. The property is a 168-unit multifamily community originally built in 1987.
‘What Renters Want’ with Jessica Fiur: The Super Bowl and Preventing Subleases
The Super Bowl might bring a rush of illegal subleases to nearby apartment communities. How would you prevent your residents from doing this?