News
Pinnacle’s Winthrop Court Posts Fast Sales
Clifton, N. J.–Since partnering with KABR Real Estate to purchase the nonperforming construction loan for 39 unsold residences at Winthrop Court, The Pinnacle Companies has sold 64 percent of the community’s residences.
TODAY’S DEALS: Hendricks & Partners Sells 740-Bed Student Housing Community
Hendricks & Partners sells a student housing community near University of Kentucky; Marcus & Millichap brokers sale of Houston multifamily property; and ARA completes sale of Denver apartment.
JV Acquires SoCal Student Housing for $43M
Riverside, Calif.–Among other perks, the Palms on University boasts a fitness center, computer lab, game room, tanning salon, pool and spa, and outdoor basketball and volleyball courts.
Investment Opportunities for the Coming Year
While the usual suspects show market potential, some say that there really are no markets to avoid in 2011.
SPECIAL REPORT: Apartment Project Feasibility Should Be Carefully Considered, Say Experts
Orlando, Fla.–Panelists at the NAHB Builders’ Show say that the first step in developing apartments is to determine the feasibility of the project.
Economy Watch: Beige Book a Model of Restrained Optimism
Economic conditions thawed in the last two months of 2010; new life is expected for housing starts in 2011; and AIG is on its way to paying back U.S. taxpayers.
Sterling University Housing Prepares to Debut Three New Luxury Housing Properties
Houston–Sterling University Housing will complete development of three new upscale off-campus student apartment properties in 2011, two of which are being designed to obtain LEED Silver certification.
The Role of Urban Design: Q&A with Clark Manus
Recently elected AIA President Clark Manus talks to MHN about the role architecture and design have in urban communities.
TODAY’S DEALS: CBRE Completes $62.5M LA Sale
CB Richard Ellis completed the sale of a 204-unit L.A. apartment community; Cohen Financial arranged a $7.75 million loan; and J.I. Kislak Inc. purchased three distressed multifamily properties.
No Immediate Plans for More Multifamily at Atlantic Station
Atlanta–CB Richard Ellis Investors has acquired an office building, parking garage and some undeveloped land at the mixed-use Atlantic Station.