News
Economy Watch: Existing Home Sales Drop Slightly
Existing U.S. home sales dropped by 1.5 percent month-over-month in May, according to the National Association of Realtors.
A Modest Proposal to Get Rid of Additional Apartment Fees
Having to pay the additional fees included in renting a new apartment is a major turn-off for renters. Here’s a suggestion on how to avoid them.
Ground Broken for New Affordable Housing Development in Santa Clara
The ROEM Corporation, along with Pacific Housing Inc. and the City of Santa Clara, recently broke ground on a $15 million project—a new affordable housing community in Santa Clara, Calif.
California Investor Acquires Texas Multifamily Community
MIG Real Estate has acquired the Cottages, an apartment property in Austin, Texas.
$75M Luxury Apartment Project Comes to Wheaton, MD
By Adrian Maties, Associate Editor After six years of planning, the Washington Property Co. has finally started work on Solaire-Wheaton, a $75 million luxury apartment development in Wheaton, Md. The project was put on hold during the recession. WPC is constructing the Solaire-Wheaton on the site of the former First Baptist Church of Wheaton, adjacent […]
TODAY’S DEALS: JV Lands Loan, Breaks Ground at Univ. of Miss.
EdR, Landmark begin a student housing project; Centerline Capital Group provides refinancing for an property in Nebraska; and Aztec Group Inc. closes a acquisition and bridge loan for a community in Florida.
HIT Invests $11 Million to Revitalize Two Chicago Affordable Housing Developments
The AFL-CIO Housing Investment Trust, a fixed-income investment company, is providing $11 million to fund substantial rehabilitation of two Chicago-based affordable housing developments.
Advanced Management Company Goes Smoke Free Company-Wide
Advanced Management Company of Lake Forest, Calif., recently announced the kick off of their company-wide “breathe easy” initiative.
MARKET SNAPSHOT: Apartment Demand Falls in Memphis, Causing Vacancy Rate to Flatline
In a market that has not been too friendly to multifamily over the past decade, demand in 2011 ticked slightly downward from a record-breaking performance of 1,149 unit absorptions in 2010.
Economy Watch: No QE3 Just Yet, But More Twist
The Federal Open Market Committee issued a statement about the economy and what it plans to do in the near future about its stubborn sluggishness.