News
Real Estate Capitals Teams With Vedura Residential to Develop $20M Apartment Community
Real Estate Capital Partners of New York and Vedura Residential of Scottsdale, Ariz., have formed a joint venture to develop Elevation Chandler, a 163-unit luxury apartment community located in Chandler, Ariz.
Five Oaks Investment Corp. Announces the Appointment of David Akre as Managing Director at Oak Circle Capital Partners LLC
Five Oaks Investment Corp. announced that David Akre has joined the senior management team of Oak Circle Capital Partners LLC, the Company’s external manager, as a managing director.
Housing Recovery Continues but Headwinds Remain
Buoyed by rising home prices throughout much of the nation, both single-family and multifamily housing starts are expected to post double-digit gains over last year in 2013.
Marcus & Millichap Promotes Joseph P. Thomas to Associate Vice President Investments
Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Joseph P. Thomas to associate vice president investments.
Marcus & Millichap Promotes James E. Kordell to Associate Vice President Investments
Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted James E. Kordell to associate vice president investments.
MARKET SNAPSHOT: Baton Rouge Posts Negative Rent Growth in Key Submarkets
Due to a marked lag in demand from 2008 to 2011, the city of Baton Rouge saw a precipitous decline in rent growth last year—falling from 4.2 percent to -0.3 percent overall.
Economy Watch: Wealthy Households Do Well in Post-Recessionary Period
The Pew Research Center reported this week that the wealthiest 7 percent of American households experienced a 28 percent increase in their wealth during the post-panic years of 2009 to 2011.
D.C.-Area Apartment Building Repositioned as Condos
Currently, the Washington, D.C., area has more than 30,000 new rental apartments in the pipeline. That is among reasons Silverwood Companies and Freedom Development are shifting a recently acquired 67-unit apartment building in Arlington, Va., to condominium ownership.
Camden Property Trust Opens New High-End Community in D.C.
Camden Property Trust has opened Camden South Capitol, a 276-unit high-end apartment community in the Washington, D.C., market.
Cortland Partners Buys Atlanta, DFW Apartment Properties
Cortland Partners has acquired a portfolio of multifamily properties totaling 2,237 units in a series of transactions worth $244 million.