News
TODAY’S DEALS: PREI Sells Arizona Asset for $11.5M
Colliers brokers PREI’s sale of a 192-unit asset; and Marcus & Millichap handles a large portfolio sale in Atlanta.
Behringer Harvard REIT I Inc. Announces New Name
Behringer Harvard REIT I Inc., a Dallas-based real estate investment trust, has announced a new name—TIER REIT Inc.
Connecticut’s Augustana Homes Preserved as Affordable
Augustana Homes, a 186-unit affordable senior apartment community in Bridgeport, Ct., will receive $4 million in improvements and renovations, and will be preserved as affordable for an additional 30 years.
Economy Watch: Most State Unemployment Rates Down
Twenty-five states had unemployment rate decreases, 17 states had increases and eight states and the District of Columbia had no change, the Bureau of Labor Statistics reported.
New Apartments in Brooklyn to Begin Leasing
Leasing will begin later this summer at 50 North 5th St., a newly constructed 229-unit rental property in the Williamsburg neighborhood of Brooklyn. Mack Real Estate Capital Group and Urban Development Partners developed the project, which was formerly known as 204 Wythe Ave.
TODAY’S DEALS: Berkeley Point Capital Provides $10.4M Refi for Affordable Asset
Berkeley Point Capital provides $10.4 million to refinance a Class C community; and Walker & Dunlop arranges $60.7 million for five off-campus student housing properties.
‘What Renters Want’ with Jessica Fiur: How to Appeal to Helicopter Parents During Apartment Tours
Here are some ways to appeal to parents of people who are looking at apartments.
NAA SPECIAL REPORT: How Apartment Companies Make Buying Decisions
Product and services procurement decisions are made at different company levels depending on the organizational structure of the apartment companies, said panelists at the National Apartment Association 2013 Education Conference and Exposition held in San Diego.
Chinese Conglomerate Acquires Part of One Nine Elms Redevelopment Project
A major component of London’s One Nine Elms redevelopment project recently traded hands when original developer, Green Property, sold its development site to a Chinese conglomerate for a reported $140 million.
HIT Project: Older Boston Rental Property To Gain Rehab
Preserving affordability and providing energy-saving retrofits are two goals of a project planned for Boston’s Georgetowne Homes One and Two.