News
Kentucky’s Largest Apartment Community Sold
Park At Hurstbourne, a 689-unit Louisville apartment community recognized as the largest in Kentucky, has been sold.
Nevada Rural Housing Authority’s Senior Residence Fills Big Void in Short Order—100 Percent Occupied within Six Months
The Nevada Rural Housing Authority’s Larios Arms Senior Residence in Winnemucca, Nev., is 100 percent occupied within six months of opening
Selling Spaces
The guidelines for best-in-class leasing offices and model units are changing—are your apartment assets on board?
The Big Three
Multifamily insiders zero in on the most important legislative issues to be tackled in 2013.
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.