News
TODAY’S DEALS: Archon Group Executes 1,164-unit Purchase
Archon Group closes on a large portfolio; Charles Dunn Co. brokers the sale of an entitled land parcel in Huntington Beach, Calif.; and Meridian Capital Group negotiates $72.8 million in financings in New York and boroughs.
Foolproof Your Disaster Plan
Redundancy and back-up of data are critical to access rent rolls and contact information.
Apartment Market Hot Streak Continues
For the sixth quarter in a row, the apartment industry improved across all indexes in the National Multi Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions.
Luxury Rental Community Breaks Ground in Chicago Suburb
The leafy Chicago commuter suburb of Wheaton is not one of the first places folks would associate with rental housing. Not by a long shot.
Economy Watch: Growth Trudges Along at 1.5 Percent
The U.S. economy expanded by a tepid 1.5 percent during the second quarter of 2012, according to Friday’s preliminary report by the Department of Commerce.
Historic Chicago Units Customizable for Residents
Metropolitan Properties of Chicago recently announced that Richelieu Flats, an adaptive reuse of a seven-story building, is part of the historic South Michigan Avenue “streetwall.”
DFW Apartment Market Good for Landlords, Investors–For Now
Even though the Dallas-Fort Worth area never quite suffered the housing slump that many other U.S. markets did, the area’s relatively robust economy is creating new households that are tightening the apartment market.
TODAY’S DEALS: HFF Sources $44.5M for Denver Asset
HFF secures financing for a 328-unit asset; a community in Pennsylvania trades for $22.7 million; and Alliance originates a $4.5 million loan at 3.9 percent interest rate.
Olympic Village to Become Residential Community After Games
The Olympics Opening Ceremony is today, but multifamily developers are already looking toward the end of the games. At that point, the Athlete’s Village—the area built up in Olympic Park to house all the athletes—will be turned into a residential community.