News
Repositioning Underway for Recently Traded Sawgrass Cove in Florida
In their first joint venture, Atlas Real Estate Partners and Andover Real Estate Partners have wrapped up the $23.3 million purchase of Sawgrass Cove Apartments from Equity Residential. Now the partners have tapped multifamily management provider Greystar to oversee the 336-residence property.
MARKET SNAPSHOT: Oklahoma City’s Stability Attracts New Investors to the Market
Oklahoma City–Oklahoma City has proven to be relatively recession-proof, notes Tim McKay, senior investment advisor in Hendricks & Partners’ Oklahoma City office, pointing to a Forbes ranking that named it as one of the top 10 cities in this category.
Rose Associates Appoints a New CEO and COO
Rose Associates, a real estate development and management firm, has announced two promotions.
TODAY’S DEALS: HFF Arranges Refinancing for Austin Asset
HFF arranges refinancing for a 184-unit community north of Austin; NorthMarq arranges $27.1 million in combined mortgages for four properties; and Charles Dunn completes a 50-unit sale in Santa Monica.
Increasing Revenue, Not Rents, With Utility Billing Systems
Setting up a utility billing system can lower costs for property managers without raising rents for residents.
Denver’s Highland Bridge Lofts a First for Developer
When ground was broken for the Highland Bridge Lofts project in Denver in early November, it marked the official start of the first development in the Denver area for Vancouver, Wash.-based developer Holland Partners Group.
From Decay to Development in New Orleans
Since Hurricane Katrina, New Orleans has undergone a makeover as real estate developers have turned abandoned industrial buildings into multi-housing complexes, transforming derelict neighborhoods into thriving communities.
Shippensburg University Kicks Off Student Housing Development
Shippensburg University Student Services Inc. and Philadelphia-based Campus Apartments have broken ground on the first phase of development to upgrade the university’s stock of on-campus residences.
TODAY’S DEALS: Prudential Closes $80.5M Loan to Bonaventure Realty
Prudential Mortgage Capital Company closes an $80.5 million loan; Marcus & Millichap sells 26 units in California; and Alliant Capital completes a $1.45 million refinance of an eight-unit building.
Education Realty Trust Expands Student Housing Portfolio
Educational Realty Trust has acquired three student housing properties variously in Texas, Indiana and Colorado, one of which it will greatly expand with adjacent new development.