News
Construction Starts on Ismael Leyva Architects’ Designed Condominium
Construction got underway this fall on The Charles, a new luxury residential building at 1355 First Ave. on Manhattan’s Upper East Side.
Economy Watch: Bernanke Defends Fed Stimulus
Probably with an eye toward his legacy, Fed Chairman Ben Bernanke spoke at the National Economists Club Annual Dinner in Washington, defending his actions as chairman and offering some reasons for the continued bond-buying program.
Investors Buy Value-Add Apartments in SW D.C.
An investor group that includes Urban Investment Partners, PRP and Perseus Realty has acquired the 289-unit Capitol Park Towers apartment community at 301 G Street, SW, in Washington, D.C. The property is just south of I-395 in the Southwest Waterfront district.
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.