News
Economy Watch: Retail Sales See Unexpected Spike
According to Commerce, spending was up month-over-month by 1.1 percent, the largest gain since early this year.
TODAY’S DEALS: Denver High-Rise Sale Commands Record Price per Unit
Zocalo Community Development sells a 120-unit LEED Gold community for $37 million; Jones Lang LaSalle announced the firm’s Mid-Atlantic multifamily team has closed a sale on behalf of an affiliate of Florida-based Priderock Capital Partners; and Johnson Capital arranges an acquisition loan for a luxury community in Texas.
Miami ‘Healthy Lifestyle’ Condos See Strong Sales
A south Florida condo property reports that positioning itself as a “healthy lifestyle community” has had the desired sales effect.
New ‘Growth Panels’ Help Apartments Go Green
Aqualok, a new type of roof panel, can reduce energy costs for apartment buildings.
Lebkisher Joins WDG Architecture
on Lebkisher, AIA, LEED AP, has joined Washington, D.C.-based WDG Architecture as director of low and mid-rise multifamily.
Wood Partners’ Alta at Lake Eve to Debut in Orlando
If Wood Partners has its way, more renters are likely to be visiting Disney World in the years ahead. Wood Partners announced plans to build Alta at Lake Eve, a 264-unit luxury apartment community a mere two miles from Disney World.
Economy Watch: Residential Foreclosures Down, But Still High
Foreclosure specialist RealtyTrac reported that foreclosure filings dropped a little less than 1 percent during the third quarter of 2011 compared with the second quarter.
Harbor Group Buys Baltimore’s Belvedere Towers for $26.1M
Harbor Group International LLC continues to enhance its presence in Baltimore with the acquisition of Belvedere Towers Apartments.
TODAY’S DEALS: Marcus & Millichap Sells Two Student Housing Communities
Marcus & Millichap brokers the sale of two southern student housing communities; ARA arranges the sale of a 180-unit community in Phoenix; and George Smith Partners completes a challenging $4.2 million refinance of an SRO property.
Major Affordable Housing Redevelopment Kicks Off in Rome, N.Y.
Ground has been broken for the redevelopment of Liberty Gardens in upstate Rome, which will include the major rehabilitation of three masonry two-story buildings and the construction of six new buildings on the seven-acre site.