News
Bascom Arizona Acquires Coldwater Springs Apartments
Coldwater Springs, a five-year-old Class-A property in Avondale, Ariz., has been acquired by Scottsdale, Ariz.-based Bascom Arizona Ventures for $27.2 million.
Institutional Property Advisors Appoints Brian T. Murdy as National Director
Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has named Brian T. Murdy national director, according to John J. Kerin, president and chief executive officer of the firm.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 11.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 7, 2012.
Economy Watch: Job Openings Static
The Bureau of Labor Statistics reported that the Job Openings and Labor Turnover Summary found that U.S. job openings decreased in July to 3.664 million, down slightly from 3.722 million in June.
Grosvenor Americas Adds Another Puget Sound Property to Portfolio
Grosvenor Americas has acquired Waterford Place Apartments in the Seattle suburb of Woodinville for an unspecified price.
KBS Legacy Partners Apartment REIT Appoints W. Dean Henry as CEO
W. Dean Henry, a 40-year multifamily industry veteran, has been appointed CEO of KBS Legacy Partners Apartment REIT.
Boynton Beach Multifamily Development Ready to Open $1M Green-Friendly Clubhouse
Seabourn Cove, a gated community of 456 townhomes and garden apartments in Boynton Beach, Fla., is opening a $1 million, 6,204 square-foot, green-designed clubhouse.
Economy Watch: Consumers Hide Their Plastic in August
Consumers deleveraged their credit card accounts somewhat in August, which is perhaps indicating pervasive nervousness about the direction of the economy.
Hansgrohe Introduces Three Chic Showerpipes
German bath fixture manufacturer Hansgrohe has rolled out a trio of sleek showerpipes in the United States. The exposed fixtures, which are popular in Europe, are easy to service and a smart choice for renovation projects.
Wood Partners to Begin Construction on New Apartment Building
By Alex Girda, Associate Editor Nationwide multifamily developer Wood Partners announced construction on its latest Seattle-area apartment building is set to begin. The company will develop a 27-story residential complex at 225 Cedar St. in Belltown. The dining- and entertainment-heavy district is a suitable venue for the multifamily project, which aims to attract workers in […]