News

SPECIAL REPORT: 2012 CREW Network Convention and Marketplace

The Commercial Real Estate Women Network awarded its Impact and Circle of Excellence awards yesterday evening during the 2012 CREW Network Convention and Marketplace held in Chicago.

Vitus Group Plans Renovation on Six Affordable Communities

Vitus Group, an affordable housing development company, announced that it plans to renovate six apartment communities across four counties in Washington.

Wyndham Hotel Group Announces First Wyndham Grand Property in Bahrain

Wyndham Hotel Group, the world’s largest hotel company with more than 7,170 hotels and part of Wyndham Worldwide Corporation, has announced plans for the first Wyndham Grand property in the Kingdom of Bahrain, one of the fastest growing economies in the Arab world.

The Ningxia International Conference Centre Strives to Bring Together China and Islam in More than One Way

The China-Arab States Economic and Trade Forum is set to move into a new home, as the Ningxia International Conference Center is well into its development process.

SoCal Apartments and Marina Trade for $43.9M

Archstone recently bought Bay Club Apartments and Marina for $43.9 million from Decron Properties Corp. Located in Marina Del Rey, Calif., the Bay Club includes 205 residential units, 207 boat slips and 11 end ties.

The Bridges at Kendall Place Unveiled in Miami

The Bridges at Kendall Place, a 228-unit, Class-A apartment community in Miami, recently had its official opening.

PROFILE: BDO

According to Stuart Eisenberg, partner and real estate industry practice leader at BDO USA LLP, apartment investors may be starting to sit on the sidelines.

Economy Watch: Chicago Fed Index Up in September

The Chicago Fed reported on Thursday that its National Activity Index increased to 0.00 in September from -1.17 during August.

TODAY’S DEALS: Steadfast Buys Austin Asset for $22M

Steadfast Income REIT buys its second Austin asset; Beech Street Capital closes $5.8 million for a pair of Dallas communities; and Vitus Group begins an affordable redevelopment in California.

Marcus & Millichap Promotes Spencer H. Hurst to First Vice President Investments

The board of directors of Marcus & Millichap Real Estate Investment Services, a real estate investment services firm, has promoted Spencer H. Hurst to first vice president investments.