News
Apartment Industry Leaders Meet with Senior Capitol Hill Officials
More than a dozen current and former members of the U.S. House of Representatives and Senate addressed apartment industry leaders this week as part of the National Multi Housing Council’s (NMHC) Fall Board of Directors Meeting.
SoCal’s Park Place Apartments sells for $10.2 Million
The 22-year-old, 61-unit Park Place Apartments in the northwest Los Angeles community of Canoga Park has sold for $10.2 million.
Economy Watch: QE3 Arrives
QE3 turned out to be a different creature than the preceding quantitative easings. Instead of a concentrated stimulus in the form of bond purchases, the Fed has decided to beat the drum steadily.
White Paper: Suburban Sprawl Screeches to a Halt
As an alternative to suburban sprawl, the natural evolution in the urbanization of American cities is to create inviting urban village environments or “micro village” that provide a distinctive sense of place
Hilton Worldwide Continues South American Expansion with New Hilton Garden Inn Tucuman
Hilton Worldwide recently announced the signing of a multi-year management agreement to operate a Hilton Garden Inn hotel in San Miguel de Tucuman, Argentina.
California REIT Buys Fourth Louisville Apartment Property
Steadfast Income REIT Inc. has spent $15.1 million to acquire Valley Farms Apartments, a 160-unit garden-style apartment complex in Louisville. The property was built in 2007 and is 97 percent occupied.
Millersville University Announces $180M Student Housing Replacement Initiative
In May 2013, work will begin on a $180 million public/private partnership to build eight new residence halls for Millersville University, which will eventually replace the current residence halls.
TODAY’S DEALS: Lyon Breaks Ground on Santa Ana Luxury Asset
Lyon Communities begins a 300-unit asset; Beech Street Capital provides $152 million to Archstone to refinance an asset in Maryland; and NorthMarq Capital secures a $20 million, five-year take-out loan from a life company.
Yardi Releases Enhanced Version of Yardi Inspection with Mobile App
Yardi announced today that an enhanced version of Yardi Inspection™ has been released. A mobile version, Yardi Inspection Mobile™, is available for Apple, Android and BlackBerry phones and tablets.
Aristides Koutouvides Joins LCOR as Vice President
Real estate investment, development and management company, LCOR, announced that Aristides Koutouvides will be joining the team as vice president of asset management and acquisitions.