News
Marcus & Millichap Promotes Tyler C. Leeson to Vice President Investments
The board of directors of Marcus & Millichap Real Estate Investment Services, a real estate investment services firm, has promoted Tyler C. Leeson to the position of vice president investments.
Economy Watch: ADP Posits Anemic Job Growth
On Wednesday, the ADP National Employment Report reported that private-sector employment increased by 91,000 from July to August.
TODAY’S DEALS: Karlin Real Estate Purchases 304-Unit Community in Orlando
Karlin Real Estate buys a 304-unit community in Orlando; Marcus & Millichap brokers the sale of a nine-unit property for $3.4 million; and Chozick completes a $4.4 million sale of an 1970s apartment.
Harbor Group Expands Apartment Management Portfolio
Harbor Group Management Co. has taken over the property management business of Great Atlantic Management. Great Atlantic’s portfolio of 21 properties includes 3,880 apartment units and about 116,000 square feet of commercial space in Virginia.
Tuscaloosa Tornado Spurs Relief Effort by Education Realty Trust
How Education Realty Trust and Edwards Companies joined forces to earn $22,000 in tornado relief efforts for the University of Alabama.
Alliance Residential Announces Southeast Development Director
Alliance Residential recently appointed Silas Graham as Managing Director of Development for the Southeast.
Economy Watch: Second-Quarter Case-Shiller Indexes Up Across the Board
The S&P/Case-Shiller’s National Home Price Index increased by 3.6 percent in the second quarter of 2011, after having fallen 4.1 percent during the first quarter of 2011.
TODAY’S DEALS: MAA Acquires 240-Unit Community in Alabama
MAA acquires a 240-unit upscale community in Alabama; Marcus & Millichap brokers the sale of a 30-unit community in Seattle; and Red provides $6.79M Fannie Mae loan for student housing.
New USC Property to be First LEED Platinum Student Housing
Los Angeles–A new student housing property at the University of Southern California opened with the distinction of being the only student housing in the country to be on track to earn LEED platinum certification.
KTGY Designs Eco-Friendly Foursquare Senior Living Property in Portland
Portland, Ore.–KTGY Group is designing a green senior living community just outside of downtown Portland. The $29 million apartment community will add 132 units to the city’s pool of affordable housing for active adults of 62 years and over.