News
JV Buys Student Housing Property in South Georgia
Innovative Student Housing and Harrison Street Real Estate Capital have formed a joint venture to acquire College Station at Valdosta, a student housing property.
Construction Begins on $7.2M Connecticut Affordable Housing Community
Construction has started on Gini’s House, a $7.2 million affordable supportive housing development in Norwalk, Conn., that will include 18 one- and two-bedroom apartments.
TODAY’S DEALS: Guardian Sells Seattle-Area Asset for $24.3M
A 174-unit in a Seattle suburb trades hands; ARA brokers the sale of two communities in Boulder, Colo.; and Colliers arranges a $2.35 million sale of a property at $106,818 per unit.
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.