News
Dallas Development is Avant-Garde by Design
The neighborhood known as the Design District, situated just north of downtown Dallas, is emerging as one of the hottest new residential enclaves in Big D. Soon it will have a Class A luxury apartment community designed to be just as avant-garde.
Hitting Bottom: A Look at Multi-Housing in Florida
Florida is seen as the poster child for the condo conversation craze, a term that makes Jack McCabe cringe, even though he doesn’t think the market will stabilize until 2013.
Campus Advantage Achieves Student Housing Industry Milestone
Campus Advantage recently announced a 45 percent returning resident ratio for the 2011-2012 school year among its managed student housing portfolio–a percentage that’s unprecedented in the student housing industry.
Michaels, LINC Housing Kick Off $23M Affordable Seniors Housing Project in Oakland
The Michaels Development Company and LINC Housing Corporation will soon add 119 rental residents to West Oakland’s affordable housing pool.
Oklahoma City Apartment Property Seeks Buyer
Recently ARA was tasked to take the 708-unit Lincoln at Central Park apartment property in Oklahoma City to the investment market to look for a buyer, and has ‘found interest from most every investor type.’
Economy Watch: Among Euro-Troubles, Ireland Not Doing Badly
Are there grounds for optimism about the European economy? Maybe in Ireland. The Irish economy posted a 1.6 percent quarterly GDP gain from the first to the second quarter of 2011.
TODAY’S DEALS: Colliers Negotiates Sale of 224-Unit Community in Phoenix
Colliers negotiates the sale of a Phoenix community for $8.3 million; Capital Senior Living completes two mortgage financings totaling $23.8 million; and Marcus & Millichap brokers the sale of a 214-unit community in Connecticut.
MARKET SNAPSHOT: Large Number of Institutional Deals Hit Seattle Market
Seattle–The Seattle market has weathered the recessionary storm well, according to Kenny Dudunakis, senior partner in Hendricks & Partners’ Seattle office.
Institutional Property Advisors Names Scott Lamontagne Director
Institutional Property Advisors, a recently formed multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has named Scott Lamontagne a director.
The Marketing Directors Hires Research Analyst
The Marketing Directors Inc., a Manhattan-based residential real estate marketing and sales/leasing firm, has hired Laura Tomana as research analyst to its Market Insights department.