News
Crescent Resources to Build Circle University City
Crescent Resources has begun work on Circle University City, a 546-bed apartment property for students at the nearby University of North Carolina-Charlotte campus. The first of the 187 units will be ready by the start of the fall 2014 semester.
Investment Forecast
With the presidential election over, the apartment industry faces unknowns going into 2013.
Irongate Acquires $98.65M Portfolio
GFI Capital Resources, investing through its Irongate Realty Partners brand, has acquired three class A communities in Kansas City, Kan., for $98.65 million.
KDC Acquires Mixed-Use Development in Richardson, Texas
Stratford Land and Bush/75 Partners have closed on the sale of 186 acres in North Texas’ telecom corridor to Dallas-based KDC, which plans to develop a $1.5 billion mixed-use development on the currently vacant land.
TODAY’S DEALS: PREI Buys Luxury Chicago Tower
Prudential Real Estate Investors completes a luxury buy in Chicago; Kennedy Wilson lands supplemental financing for one California asset, sells another; and FHL Bank San Francisco awards $18.5 million in affordable housing grants.
MARKET SNAPSHOT: With Unemployment Still High, Sacramento Sees Uptick in Vacancy
While metros across the Golden State are seeing a somewhat brighter future on the horizon, the city of Sacramento continues to lag behind in some key fundamentals.
Economy Watch: Shadow Residential Inventory Declining
CoreLogic said that the residential shadow inventory as of October 2012 fell to 2.3 million units, which it calculates represents a supply of seven months.
The Park at Fox Trails, Plano, Texas
The Park at Fox Trails—a 286-unit apartment community in Plano, Texas—is located on the Blue Bonnet Trail. But the most impressive on-site amenity, according to Property Manager Pam Humphries, is her team.