News
Economy Watch: Home Prices Edge Down
The housing market still has that sinking feeling, with the latest Standard & Poor’s/Case-Shiller indexes describing downward movements in prices in almost all major U.S. markets in October.
$60M Adaptive Reuse Project Kicks Off in N.J.
An industrial facility in the Garden State that first opened its doors in 1897 will soon be reborn as a modern multifamily destination now that Prism Capital Partners LLC has broken ground on the first phase of The Parkway Lofts.
Today's Deals: Essex Realty Group Sells Skokie Apartment
Essex Realty Group brokers the sale of a 144-unit asset; Education Realty Trust lands a potential big gig at the University of Kentucky; and SilverLeaf acquires a $17.7 million non-performing condo and retail loan.
Wartburg Puts Financing in Place for Affordable Seniors Housing
Wartburg Adult Care Community has completed the financing for Friedrichs Residence, a four-story building with 61 affordable senior apartments on a 34-acre site in Mt. Vernon, N.Y.
Investment Firm Acquires D.C. Apartments
Multifamily investment advisory firm TGM Associates has acquired TGM Sudley Crossing, a 432-unit community in Manassas, Va.
The Art of Occupancy
Work with local artists to create a win-win marketing channel.
Quietly Efficient: The Niagara Stealth Toilet Delivers
Saving water is an easy way to save some green. It is also good for the environment. Niagara Conservation Corporation recently introduced an ultra-high-efficiency vacuum-assist toilet that can cut water usage and keep your asset’s utility bills down.
Will Uncertainty Cloud the Recovery?
While investment activity is still on pace to exceed the volume posted in 2010, a shaky economic recovery marked by anemic job creation and a sovereign debt crisis has given real estate investors reasons to pause.
The Outlook for Construction Capital
Financing will continue to be available for new multifamily construction this year, barring unforeseen circumstances, says David Rifkind, principal and managing director of George Smith Partners Inc.