News
Special Report: Should You Implement a Submetering System in Your Community?
In a recent webinar titled “Submetering to Increase Profits and Resident Satisfaction,” panelists provided best practice suggestions for implementing and maintaining water submetering systems in multifamily communities.
TODAY’S DEALS: UOB Eagle Rock Buys Historic Connecticut Community
IPA brokers the sale of a 597-unit historic community; DPG Investments arranges a $3.8 million senior bridge loan for a Utah acquisition; and HFF arranges $44 million in construction financing and joint venture equity for a student housing community.
Investor Buys Distressed Tucson Multifamily Property
Variant Commercial Real Estate has acquired Pebble Creek, an apartment community in Tucson, Ariz. The purchase was made through a successful involuntary bankruptcy plan.
MassHousing Announces Five Appointments to Senior Management Positions
MassHousing Executive Director Thomas R. Gleason announced the appointments today of five individuals to senior management positions.
Reaching for The Cloud
Companies are adopting cloud computing for benefits that begin with hardware and software savings, and extend into areas like space utilization, redundancy and security.
Brookfield Multiplex Tops Out $365M University of Sydney Research Facility
Brookfield Multiplex, the leading global contractor with completed works worth over AUD$51 billion, has announced topping out University of Sydney’s newest structure at its expanding New South Wales campus.
Interserve Signs Joint Venture Deal with Tiger Developments to Build $300 Million Mixed-Use Project in Edinburgh
Britain’s Interserve Plc has signed a joint venture deal with Scottish landowner Tiger Developments to construct and invest in the Haymarket area of Edinburgh.
MARKET SNAPSHOT: Construction Soars in Minneapolis as Employment and Occupancy Keep Pressure on Rents
The Twin Cities MSA is continuing to see exceptionally low vacancies, as strong employment growth and renter demand squeezes the supply of existing inventory.