News
TODAY’S DEALS: EdR Completes $20.9M Acquisition in Michigan
EdR picks up an asset in Michigan; Capital Senior Living buys eight communities for $72.9 million; and NorthMarq employs a Freddie Mac early-rate lock for $20.6 million refinance.
Second Phase Planned for Sterling Parc at Middletown
As further evidence that the demand for rental properties is broad as well as deep, Sterling Properties reports that the first phase (three buildings all together) of Sterling Parc at Middletown in Orange County, N.Y., has nearly leased all of its apartments.
Owners Looking to Charge Premiums for Bay Area Residential Complexes
By Alex Girda, Associate Editor San Francisco is living its own private residential boom, and investors are looking to cash in on the demand for mid-Market residences. The San Francisco Business Times reports that apartment developer Archstone is currently looking to offload one of its larger Bay Area properties in the hopes of getting a […]
Property Solutions’ Redesigned Online Applications Demonstrate 41 Percent Completion Rate
Property Solutions International Inc., a provider of property management websites and payments, announced performance results for its usability-optimized online applications, including a 41 percent completion rate for all applications started.
Ground Broken on New Workforce Housing in Brea, Calif.
Construction is underway on Birch Hills Apartment Homes, the newest workforce housing community to come to Brea, Calif.
Port Authority of New York and New Jersey Selects Yardi Voyager
Yardi announced that the Port Authority of New York and New Jersey will adopt Yardi Voyager(TM) as its real estate lease administration and database system.
Riverstone Residential Group Announces Key Executive Promotions in Client Services and Corporate Marketing Groups
Riverstone Residential Group, a privately owned, third-party multifamily property management company, announced the promotions of two members of its executive leadership team, Lisa Skochdopole and Katie Fleischer.
Economy Watch: Zillow Reports Home-Price Growth
Residential market indices are legion, and these days most of them are pointing toward a steady, if not overheated, U.S. housing recovery in most markets.
ULI Special Report: Penalosa Suggests Rebuilding Cities for Long-Term Viability
Have U.S. cities evolved appropriately for future needs? Not at all, according to Enrique Penalosa. The president of the Board of the Institute for Transportation and Development Policy of New York offered new and sometimes radical suggestions for change as the opening keynote speaker for the ULI/Stan Ross Real Estate Trends Conference on Wednesday during the Urban Land Institute’s Fall Meeting.
SRP Medical and Frontier Management Announce New Assisted-Living Facility
SRP Medical and Frontier Management have unveiled plans for a new seniors housing property in the southwest part of Fort Worth, Texas. The facility will include 105 residences with assisted living and memory-care services.