News
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.
Suburban D.C. Apartments Sell for $98M
Falkland Chase, an apartment property with 450 units, has traded hands for $98 million, or about $218,000 per unit.
Post Properties, Inc. Launches Mobile App
In a move to offer residents a better online experience, Post Properties, Inc. announced the launch of its first mobile app for residents, MyPost™.
TODAY’S DEALS: AMLI Residential Sells 464-Unit Asset to Abacus Capital
AMLI residential completes a Chicagoland disposition; Beech Street closes $7.4 million for a two property portfolio in the Boston-area; and Home Properties executes its strategy to “lighten” its concentration in Washington, D.C. as it sells two properties for $109.1 million.
Ivanhoé Cambridge, Goldman Sachs and Greystar Partner on an 8,010-Unit Portfolio
Ivanhoé Cambridge has announced that it has partnered with the Real Estate Principal Investment Area of Goldman, Sachs & Co. and Greystar Real Estate Partners, as well as several other partners, in an 8,010-unit portfolio, with properties located across the United States.