News
Marcus & Millichap Arranges $17.1M Sale for Nevada Community
Marcus & Millichap Real Estate Investment Services has arranged the sale of a 240-unit community in Sparks, Nev., for $17.1 million. This sales price equals $71,250 per unit.
APARTMENT MARKET STATISTICS: January 2013
The Apartment Market Statistics section of the January 2013 issue of MHN features a range of important multifamily data.
Ground Broken For Redwood City Multifamily
Work has begun on 201 Marshall, a 116-unit, seven-story apartment property in Redwood City, Calif.
Jennifer McLean Joins GFI Capital Resources Group, Inc. as Chief Financial Officer
GFI Capital Resources Group, a full-service provider of real estate and insurance services, announces that Jennifer McLean will join the company’s executive management team as chief financial officer.
Luxury Rental Apartment Development Slated for Morristown
A luxury rental community called Latitude, to be developed by Dallas-based developer Mill Creek Residential, will soon be under construction in downtown Morristown, N.J.
Construction Could Approach 1999 Peak Levels by Year End
The multifamily sector will continue to be the darling of the commercial real estate industry throughout 2013 according to panelists on the “2013 Kick-Off Webinar for Apartment Development” hosted by Humphreys & Partners Architects.
Economy Watch: Holiday Retail Sales Up Modestly
Early indications were that retail sales during the holidays were modest, and now more data is coming in to reinforce the point.
Ireland’s First DoubleTree by Hilton Property to Open in February
Hilton Worldwide will introduce the upscale DoubleTree by Hilton brand to Ireland with the launching of a new hotel in Dublin, one of Europe’s most effervescent tourist destinations.
Circle Terminus Apartment Development Under Way
Crescent Resources LLC is beginning construction of the Circle Terminus, a $67 million apartment project on a three-acre site at the Cousins Properties’ Terminus development. The company recently finalized its purchase of the site, paving the way for the development to start.
TODAY’S DEALS: Forest City Completes $70.5M Miami Disposition
Forest City sells a $70.5 million asset in southwest Miami; Cassidy Turley secures $85 million in construction financing for a Reston, Va. trophy property; and Encore Multi-Family breaks ground on a $32 million development in Dallas.