News
TODAY’S DEALS: Morgan Properties, DRA Acquire 526-Unit Apartment Community
Morgan Properties expands in Maryland; Walker & Dunlop finances 2,400 units in Tennessee; and Essex Realty brokers the $4.89 million sale of a courtyard building.
Wood Partners Begins Construction on Fourth Multifamily Project in Los Angeles County
Wood Partners has broken ground on its 300,000-square-foot Alta South Bay community, marking the company’s fourth multifamily project in Los Angeles County.
MHN Interview: Jeff Elowe of The Laramar Group
The Laramar Group announced a major acquisition in Southern California earlier this month. CEO Jeff Elowe, who was recently named Entrepreneur of the Year by Ernst & Young for the Mountain Desert Region, took the time to speak with MHN about the company’s strategy and give us his take on the multifamily industry now.
Riverstone Residential Group Names Peggy Bertsch Chief Accounting Officer
Riverstone Residential Group, a privatelyowned, third-party multifamily property management company, announced the appointment of Peggy Bertsch as chief accounting officer.
The Solomon Organization Acquires Harrisburg Multifamily Property
An affiliate of the Solomon Organization has acquired Ivy Ridge Apartments and Townhomes, a 218-unit rental community in Swatara Tonwship, Pa.
Economy Watch: Case-Shiller Shows Continuing Home Price Rises
S&P Dow Jones Indices released the latest S&P/Case-Shiller Home Price Indices, which track U.S. home prices through the end of July (not August), and they showed continued increases.
TODAY’S DEALS: HFF Arranges $47M for an Austin Apartment Community
Suburban Homes lands a $47 million loan for a 528-unit asset; NorthMarq arranges a $14.6 million refinance for a Phoenix apartment community; and Houlihan-Parnes brokers the acquisition of a row house-style community.
Greysteel Tapped to Broker Va. Apartments
The owner of Briarwood Apartments in Dumfries, Va., has tapped the investment brokerage Greysteel to take the property to market. The 70-unit, five-building apartment community, which is near I-95, comes with a 6.2-acre parcel that’s been approved for an additional 73 units.
The Lightstone Group’s Gantry Park Landing More Than 50 Percent Leased
New York-based aptsandlofts.com has leased more than 50 percent of The Lighthouse Group’s Gantry Park Landing community, which has been on the market for a little more than 10 weeks.
Don’t Pour a New Concrete Floor Without Dependable’s Newest Moisture Mitigation Product
Dependable has unveiled a new moisture mitigation product for concrete slab floors.