News
APARTMENT MARKET STATISTICS: April 2013
Condo prices showed the first annual increase since 2007, registering a gain of 7 percent in 2012, according to the National Association of Home Builders.
APARTMENT MARKET STATISTICS: March 2013
Multifamily permits are now being issued at a rate of more than 300,000 units per year, according to the National Association of Home Builders.
Carroll Organization Buys Orlando Apartments for $40M
The Carroll Organization has acquired the 526-unit Camden Reserve apartment community in Orlando, Fla., for $40.5 million.
TODAY’S DEALS: La Jolla Asset Trades for $29M
CBRE Group Inc. facilitates a 60-unit sale; Friedkin Realty Group sells a 208-unit asset in the Bay Area; and NorthMarq Capital arranges $33.38 million in a combined10-year mortgage.
MHN Interview: Getting an Insider’s Perspective on Seniors Housing
In order to learn more about the useful design elements in seniors housing, the architects at D2 Architecture in Dallas have started the Sleepover Project, which allows them to spend a day at the facilities as a “resident” to learn more about the community.
Manulife Buys $580 Million Office Tower in Hong Kong’s CBD2
Manulife (International) Limited has signed a sale-and-purchase agreement with Wheelock Properties Limited for the West Tower at the One Bay East development in Kowloon East, Hong Kong.
Three Affordable Housing Properties to Benefit from $1.4M in Disaster Recovery Funds
The Broward County Housing Authority was awarded a $1.4 million grant by the Broward County Housing Finance and Community Development Division, which will be used to strengthen three of its multifamily rental communities to better withstand storms.
NCC to Build $59.5M Housing at the Port of Copenhagen
Leading construction and development company NCC has been named turnkey contractor for an approximately $59.5 million (SEK 379 million) project in the Port of Copenhagen
MARKET SNAPSHOT: Demand in Charlotte Remains Strong as Population Surges
A strong influx of younger residents in the Queen City will keep vacancies low and rents high for at least another year, as a new wave of supply will likely become absorbed thereafter.
Economy Watch: Fed Mulls Fate of QE3
The Federal Reserve released the minutes of the Federal Open Market Committee meeting, and while it didn’t reveal any dramatic fractiousness within the Central Bank, it seems that some members of the committee brought up phasing out QE3 sooner rather than at no specific point in time.