News
Yardi Europe Confirms INREV Membership
Yardi Systems Inc., a developer of software solutions for the real estate investment, asset and property management industry announced its membership in INREV, the Netherlands-based organisation for Investors in Non-listed Real Estate Vehicles.
Economy Watch: Most States See Unemployment Dip in March
The Bureau of Labor Statistics reported on Friday that in March 26 states and D.C. enjoyed unemployment rate decreases, seven states suffered increases and 17 states had no change.
Joint Venture to Construct 336-Unit Luxury Houston Community
In a joint venture, Simpson Housing, Novare Group, Batson-Cook Development Company and Peter W. Dienna broke ground on a 336-unit community in Houston.
Research Triangle Apartments Lease
Grace Park, a new mixed-use development in Morrisville, N.C., reports that nearly all of its 128 rental apartments—about 98 percent of them—have been leased, as well as about 90 percent of its retail space.
CIM Group Sells Historic Hollywood Boulevard Apartments
SEVENTY46, a 1920s-era, neo-Gothic style, Hollywood Blvd. apartment building, has been sold to Kambiz Hakim, a private real estate investor and developer, and his sons Alexander and Steven.
Economy Watch: Apartment Market Still Robust
The National Multi-Housing Council reported in its April Quarterly Survey of Apartment Market Conditions that the U.S. apartment market is in dandy shape across the board.
TODAY’S DEALS: Pure Multi-Family REIT Announces $45.4M Buy
A Canadian REIT buys a Texas asset; and a joint venture comprised of ScanlanKemperBard and an investment fund advised by Wayzata acquire a mixed-use asset in Phoenix.
Hines-Developed Industrial Facility in Sao Pãulo Receives LEED Silver Pre-Certification, First of its Kind in Brazil
Brazil’s growing economic climate, spurred on by major upcoming events such as the 2014 FIFA World Cup and the 2016 Olympic Games hosted by Rio de Janeiro, is providing an exciting investment climate for big real estate players.
Cairo Festival City Mall Wins Best Built & Future Retail Project in The Middle East in 2013
At the Real Estate in The Middle East 2013 Award Ceremony held on March 29, Cityscape Awards announced Cairo Festival City Mall as the winner of the Best Built & Future Retail Project.
Corvias Group Begins Fort Bragg Housing Expansion
Corvias Military Living has broken ground on Phase II of Randolph Pointe, a military housing development.