News
6 Apartment Trends That Would Be Nice to See
Sometimes trends take a hold of an industry, and it seems like everyone gets on the bandwagon. Here’s a list of things I hope will start to trend in the apartment industry.
CORT and Mandel Group Enter Exclusive Furnishing Agreement
The Mandel Group Inc. announced a seven-year agreement with CORT as the exclusive provider of rental furnishings to its 20 apartment community properties in and around Milwaukee.
TODAY'S DEALS: Camden Sells 456-Unit Asset in Houston
Camden Property Trust sells a Houston asset; Berkeley Point Capital provides $54.8 million to fund an acquisition; and Beech Street Capital refinances two Los Angeles properties.
Walters Group to Begin Construction on Whispering Hills
The Walters Group is set to begin construction this month on Whispering Hills, a 107-unit townhouse that will also offer an additional 52 units of affordable housing up for rent.
Economy Watch: Existing Home Sales Down a Notch
Existing home sales took an unexpected monthly dip in February, down 0.9 percent, according to the National Association of Realtors on Wednesday.
MARKET SNAPSHOT: Albuquerque Multifamily Takes Hit Due to Poor Employment, Renewed Single-Family Growth
As employment in the Albuquerque MSA tumbled 0.5 percent in 2011, reflecting a loss of 1,900 jobs, demand for apartments fell to a four-year low.
TODAY'S DEALS: Berkadia Arranges $28M for L.A. Properties
Berkadia lands $28 million for two properties in Los Angeles; The NHP Foundation buys its first affordable housing property in New York City; and Northmarq arranges a financing of $13.1 million for an Aukum Management purchase.
Bascom Buys Honolulu Multifamily for $73.5M
Bascom Group has bought Oasis at Waipahu Apartments, a 406-unit property in Waipahu, Hawaii, for $73.5 million. According to the buyer, the deal represents the largest multifamily transaction in Hawaii since 2007.
New Fannie Mae Loan Documents: 10 Issues for Multifamily Borrowers
The top 10 issues borrowers should focus on as they evaluate the new Fannie Mae loan documents.
Downtown Senior Apartment Project Lands New Equity Partner
By Gabriel Circiog, Associate Editor The economic downturn has taken its toll on many developments around the country, but a long-delayed downtown Denver senior-living project is set for a comeback as The Denver Post reports the developer has landed a new equity partner. Balfour Cosmopolitan LLC bought the 95,607-square-foot property back in 2006 for $7.7 […]