News
SPECIAL REPORT: As Green as It Gets
Affordable housing took center stage on day one of GreenBuild 2011 in Toronto.
TODAY’S DEALS: American Realty Advisors Acquires 186-Unit Community
American Realty Advisors acquires a 186-unit community in Houston; Education Realty Trust starts the 2011 school year with 94.9 percent occupancy; and Marcus & Millichap arranges a $17 million bridge loan for the completion of an apartment property.
Condo Tower to Quit Burning Dirty No. 6 Oil
In January of this year, the New York City Department of Environmental Protection issued a rule that will phase out both No. 4 and No. 6 heating oils in the city.
Crescent Resources Names VP of Student Housing and Florida Multifamily Operations
Crescent Resources, LLC, promoted Tim Dison to lead the company’s multifamily projects in Florida, as well as student housing activities throughout the country.
SPECIAL REPORT: Finding Your ‘Sweet Spot’ to Maximize NOI
Phoenix–To determine pricing in student housing, find your “sweet spot” of leasing and start next year’s rents right below that, advised panelists for “What is Your Rent Model?: Are You Maximizing Rent During Renewal and Lease Up?” at the 2011 NMHC Student Housing Conference & Exposition.
B.E.S.T. Offers Better Student Housing Idea for Rutgers
Rutgers, The State University of New Jersey, unveiled the first new student residence hall to open on its campus since 1994.
Gen-X, Gen-Y Changing the Face of Multifamily Market and Architecture
The apartment sector, which is leading the rebound of the commercial real estate industry, is in the midst of transition, and it’s the growing population of young professionals that is spurring the change.
Palmer Hill Begins Work on New Condos
Palmer Hill Parters has started Phase III, or the East Building, of Palmer Hill in Stamford. The East Building property will offer 27 garden condominiums in five different floor plans, with closings anticipated to take place in spring 2012.
David Garcia Joins Steele Properties LLC as Director of Acquisitions
Steele Properties LLC announced the addition of David Garcia as the firm’s director of acquisitions.
TODAY’S DEALS: Phoenix Community Commands $30.5M
Colliers International and ARA complete a $30.5M Phoenix Transaction; Archstone buys a land parcel in Washington, D.C., which is slated for a 206-unit community; and Jones Lang LaSalle brokers a Nashville apartment sale to a private equity fund.