News
TODAY’S DEALS: UDR Completes $325M Purchase
The Moinian Group closes the sale of 95 Wall to UDR Inc.; Carrfour buys an affordable housing community in Miami; and NAI Tampa Bay closes multifamily development sites.
Multifamily High-Rises Now Eligible for Energy Star
Washington, D.C.–When it comes to the U.S. Environmental Protection Agency’s Energy Star, a highly coveted green stamp of approval, multifamily high-rises are now on equal footing with low-rise multifamily structures and single-family homes.
MARKET SNAPSHOT: ‘Boom Town’ of Nashville Attractive to Out-of-State Players
Nashville, Tenn.–The Nashville apartment market is “moving in the right direction,” reports Scott Tyrone, director of ARA’s (Apartment Realty Advisors) Nashville office.
Wythe Confectionery Apartments Completed in Brooklyn
New York–Caro Enterprises has completed work on the 69-unit Wythe Confectionery apartment property (390 Wythe Ave.) in the Williamsburg neighborhood of Brooklyn. The project, which originally started as condos, is an adaptive reuse of a former factory.
Editor’s Note: Your Ounce of Prevention
A look at disaster recovery plans, investment opportunities and renters insurance.
Building the ‘Bell’ Brand: Why Bell Partners Left the Senior Living Markets
Lessons learned during the downturn, the decision to exit the commercial real estate and senior living markets, retaining top operations talent, and the importance of branding are among the topics explored by Bell Partners.
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.