News
TODAY’S DEALS: Grubb & Ellis to Acquire 10 Skilled Nursing Facilities
Grubb & Ellis enters an agreement to buy 10 skilled nursing facilities for $166.5 million; Prudential Mortgage Capital Co. puts a 200-unit Arizona community on the market; and Grandbridge funds a $72 million Freddie Mac loan carrying low-4 percent interest.
KAREA Acquires Three Student Housing Properties Near State Schools
Student housing is widely still considered “recession-resistant” as demand for such housing rises with enrollment, which (if anything) has been bolstered by the ravages of the economy.
Student Housing Income and Expense Survey Shows Northeast Spends Less On Operating Expenses
Washington, D.C.–The National Multi Housing Council’s National Student Housing Council (NSHC) recently released its “Off-Campus Student Housing: 2011 Income and Expense Benchmarking Survey.”
American Utility Management Appoints Jeff Smedley to Head West Coast Sales
American Utility Management, a multifamily energy services provider, announced the appointment of Jeff Smedley as vice president, sales.
Miami-Based Real Estate Firm Pioneers Facebook Property Search
Cervera Real Estate has launched the first Facebook application enabling users to search listings and quickly seek feedback from loved ones worldwide.
Fort Carson Excels in Military Housing
Fort Carson was recently awarded the 2011 Multifamily Executive Merit Award for Military Project of the Year, an award that highlights innovation in architecture.
NWP Services Introduces GreenSMART Purchasing with MRO Manager Solution
NWP announced the introduction of the GreenSMART purchasing options within the company’s MRO Manager eProcurement solution, a supplies purchasing application that guides energy-efficient purchasing decisions.
TODAY’S DEALS: IPA Secures Listing for Los Angeles High-Rise
IPA secures the listing contract for a 180-unit high-rise in L.A.; HFO Investment Real Estate and Colliers broker the sale of a three-community portfolio in Oregon; and Radco Co. invests in two Atlanta multifamily properties.
New Yonkers Condo Campaign Successfully Selling Excess
‘Long Live Excess’ proclaims the marketing campaign for Monarch at Ridge Hill, a new luxury condominium. In this economy, does indulgence still sell?
LEED Silver Apartments Under Way in Austin
BOKA Powell L.L.C. has broken ground on RiverView, a 302-unit apartment development on Lady Bird Lake (formerly Town Lake) near downtown Austin that will seek LEED silver certification.