News
HFF West Coast Leadership Announcements
HFF experienced significant growth on the West Coast in 2012 and in response to this growth the firm has made changes to its West Coast leadership team.
San Diego County Apartments Trade for $3.5M
An apartment property at 1717 N. Vulcan Ave. in Encinitas has changed hands for $3.5 million. The seller was a partnership that had acquired the property in 2010 as a value-add, while the buyer was a private investor.
TODAY’S DEALS: GoldOller Acquires a Jacksonville Asset for $56M
GoldOller buys a 555-unit asset; Marcus & Millichap Capital Corp. arranges a $8.4 million refinancing for a Philadelphia community; and Boston Capital invests in two affordable developments.
Perkins Eastman and Small Brothers to Develop Luxury Mixed-Use Community
Perkins Eastman and Small Brothers have begun construction on SKYE Condominiums in Charlotte, N.C.
MARKET SNAPSHOT: Employment Continues to Grow in New Orleans, Expanding Population and Multifamily Demand
The Big Easy continues to sport strong fundamentals and is becoming an incubator for the leisure and hospitality sector, having added 4,000 new positions in 2012.
Luxury Twin Towers Planned for Australia’s Top Investment Suburb
A new twin tower development project is planned by Sydney-based Australian and Japanese trust fund Galileo in South Brisbane, Australia.
‘What Renters Want’ with Jessica Fiur: What Valentine’s Day Can Teach Property Managers
Here are several ideas from Valentine’s Day that property managers can use in their communities.
Economy Watch: Retail Sales Inch Up
U.S. retail sales grew at their slowest rate in three months, the Census Bureau reported.
TODAY’S DEALS: AEW Buys 128-Unit Hoboken Asset for $67M
AEW Capital Management completes a Hoboken buy; Bloomfield Capital closes a $3.3 million bridge loan for a Houston property; and Arbor Commercial Mortgage funds $9.6 million in FHA financing for a portfolio of properties in Puerto Rico.
Third Phase of Decatur Development Set to Begin
The Decatur Housing Authority is preparing to break ground on the third phase of the $30 million redevelopment of the Allen Wilson Terrace Public Housing community.