News
Economy Watch: Led by Multifamily, Residential Starts Spike in November
The U.S. Census Bureau reported that housing starts swung upward by 9.3 percent in November to an annualized rate of 685,000 units.
MiMA Condos Go Rental
The Related Cos. is putting 151 more residences at its development MiMA on the market as rental apartments, instead of the condos they were planned as under the name One MiMA Tower.
MHN Interview: Why the U.S. Multifamily Market Appeals to International Companies
Fabrizio Lucchese, CEO, Jaymor Group, discusses the benefits of his Canadian real estate company doing business in the United States.
Today's Deals: Archstone Partnership Acquires $42M Asset in Florida
An Archstone-sponsored partnership acquires a 252-unit community in Boca Raton; HFF arranges $37 million for a 326-unit development; and ARA executes the sale of rare site in Houston’s sought-after Galleria submarket.
Premier 940-Unit Apartment Portfolio Trades in Houston
The apartment market is bustling in metropolitan Houston, and investors recently came out in droves to lasso a three-property, Class A apartment portfolio marketed by ARA on behalf of a tenant-in-common seller.
Schindler Takes Elevator Design to New Heights
The new Schindler 3300 elevator is an eco-friendly update that is sure to please residents, interior designers and architects alike. The Schindler 3300 requires no machine room, but is still more than capable of handling the needs of a low- to mid-rise residential property.
Camilo Padilla-Andrade Joins LYND as Vice President of Acquisitions
LYND, a national real estate investment, development and management firm, has hired Camilo Padilla-Andrade as vice president of acquisitions.
Today's Deals: CBRE Secures $47.5M for N.J. Redevelopment
CBRE provides financing for a large adaptive reuse project in N.J.; Cushman & Wakefield brokers a $64.9 million sale; and Centerline arranges a $12.2 million Fannie Mae refinance loan.
New Developer Proves Successful with 100 Percent Occupancy
In 2009, almost none of the condo units had been sold at The Mark, a 244-unit building. However, The RADCO Companies took over as developer and in one year sold 79 units. And now, the condos in the building are completely sold.
Work Under Way on New Seattle Apartments
Holland Partner Group, in partnership with Mesirow Financial Institutional Real Estate, had broken ground on 717 Dexter Ave. N. in Seattle.