News
Undeveloped Tract Transformed into a $35M Mixed-Use Project in East Austin
By Camelia Bulea, Associate Editor Richard deVarga, a local developer and architect, and Robert Summers, an Austin attorney and arts advocate, recently bought 25 acres of undeveloped land in East Austin and plan to convert it into a $35 million mixed-use project that will include 150 residences along with public, studio and retail space. It […]
Chinese Developer Announces Residential and Commercial Developments in Two Very Different Markets
A Chinese development company has announced the beginning of works on two different real estate projects worth $35.3 million.
NAHB Announces Call for Entries for the 2013 National Sales and Marketing Awards
New home sales and marketing professionals and designers are encouraged to submit entries for the 2013 National Sales and Marketing Awards, sponsored by the National Association of Home Builders (NAHB) National Sales and Marketing Council.
Economy Watch: Housing Starts Take Small Dip
According to the Census Bureau on Thursday, housing starts dropped in July to an annualized rate of 746,000.
Designers: Share Your Projects with ASI ‘Power of Materials’ Contest
Innovative materials help create multifamily spaces that stand apart. Architectural Systems, Inc. (ASI) wants to showcase those properties on its website and is now accepting entries for its Power of Materials Contest. Enter your best and most recent project photos from global rental, condo and mixed-use properties and you could win an iPad. The contest ends September 7. Send high-resolution images along with your headshot and a description of the project along with an explanation of how ASI products met the design intent and helped support the client’s business objectives. Email materials to greddick@archsystems.com by September 7.
Apartment Firms Staff Up to Meet New Rental Demand, Survey Says
Reflecting the growing demand for apartment homes, nearly two-thirds (65 percent) of multifamily firms grew their staff last year and 62 percent increased their merit bonus pool, according to the National Multi Housing Council’s (NMHC) 2012 Apartment Compensation Survey.
New York Financial District Apartment Rents Headed Skyward
The apartment market in New York’s Financial District has heated up to pre-recessionary levels this summer, according to the latest report on the market by Platinum Properties.
TODAY'S DEALS: CBRE N.E. Sells 550-unit Massachusetts Asset
CBRE N.E. Partners sells a 550-unit TOD community; HFF secures $27 million for a Texas asset; and Johnson Capital arranges $20.1 million in 35-year amortization loans for two assisted-living complexes.
BRE and Bernards Break Ground on $105 Million Mixed-Use Community
Bernards and BRE Properties have broken ground on a $105 million mixed-used development in Los Angeles.
Transwestern Mid-Atlantic Brokers Sale of Bethesda Multifamily
Transwestern Mid-Atlantic Multifamily Group, a collaborative multifamily brokerage team serving the entire Mid-Atlantic region, completed a sale of The Villas at Langley, a 590-unit garden-style apartment community located in Hyattsville, Md.