News
Washington Heights Apartment Fetches $8.6M
500 Fort Washington Ave., an apartment building in the Washington Heights neighborhood of northern Manhattan, has traded hands for $8.62 million.
The Opus Group to Build Luxury Apartments in Kansas City
The Opus Group, a Minneapolis-based commercial real estate company, announced that its subsidiary Opus Design Build LLC is the design-build contractor for a new luxury community in Kansas City, Mo., called 51 Main.
Dweck Properties Acquires D.C.-Area Multifamily Community for Record Price
Dweck Properties purchased Archstone Crystal Towers, a 912-unit, transit-oriented, high-rise community located in Arlington, Va., from Equity Residential for $322.25 million, which was the largest sum ever paid for a single multifamily property in the Washington, D.C., region.
Find Simple Sophistication in New Light Offerings from Sonneman
Modern luxury apartment design has been trending towards minimal elegance for years, and two new series of lights from Sonneman – A Way of Light are here to help your community make a simple, polished statement.
TODAY’S DEALS: Centerline Provides a $17.9M Affordable Loan
Centerline provides acquisition financing for an affordable asset; Kennedy Wilson buys a 366-unit property in Utah; and Grandbridge Real Estate Capital closes an $11.3 million first mortgage for a student housing community in Georgia.
Yardi Becomes Member of ORCA’s Founders Club with Participation in Data Collaboration Project
Yardi Systems announced its partnership with the Ontario Retirement Communities Association on a data collaboration project designed to collect and analyze key data elements associated with retirement communities in the province of Ontario.
Economy Watch: Consumers Still Confident About Housing
Consumers might still be a little leery about the broader economic recovery, but at least they’re fairly confident in the housing recovery.
InterfaceSERVICES Facility Earns LEED-CI Gold Certification
The facility dedicated to housing InterfaceSERVICES—the installation and maintenance business unit of modular carpet tile manufacturer Interface—has earned LEED-CI Gold Certification.
Chicago Student Housing Property Trades Hands for $58.5M
2 E. Eighth St., a 330-unit student housing property in downtown Chicago, has been sold for $58.5 million. The 28-story, 882-bed high rise is closest to Columbia College and Roosevelt University, but also houses students from other nearby schools.
The Marquette Companies Acquires 314-Unit Texas Community, Plans Renovations
The Marquette Companies, a Naperville, Ill.-based real estate company, has purchased a 314-unit community in Fort Worth, Texas.