News
DEAL OF THE DAY: Marcus & Millichap Brokers $52.3M Sale of Apt. Property in Bay Area
Burlingame, Calif.–Marcus & Millichap has brokered the $52.3 million sale of Skyline Terrace, a 138-unit, 174,371-square foot multifamily property in Burlingame, a suburb of San Francisco.
Manhattanites Flock to Yorkville’s Family-Friendly Condos
New York, N.Y.–Yorkville is in the midst of change, with new luxury residential developments spearheading its evolution into a community tailored to family life.
‘Foong on Finance’: Staying Alive
The final proposal from the National Commission on Fiscal Responsibility and Reform was shot down at the end of this week. But don’t worry, at least some Republican and Democratic lawmakers, as well as probably the President himself, are eager to keep the the package’s ideas alive through next year.
ACH to Usher Student Housing into the iPhone Realm
Houston–Asset Campus Housing is breaking new ground in the student housing world by introducing the very first student housing iPhone application, which will revolutionize the leasing process for those searching for and living in student apartment properties.
DEAL OF THE DAY: E&G Group Awarded LIHTC Project by Washington, D.C. Housing Department
Washington, D.C.–E&G Group, LLC and its principals have completed the purchase of five properties in Washington, D.C. from five limited equity cooperatives.
Marty Louie Named Marcus & Millichap CFO
Encino, Calif.–Marcus & Millichap Real Estate Investment Services has promoted Marty Louie to chief financial officer.
Home Properties Buys Two Maryland Apartment Complexes
Howard County, Md.–Home Properties Inc. has acquired two apartment properties in Howard County, Md., totaling more than 1,000 units all together.
NY Condo, Co-Op Owners Face Escalating Charges in 2011
New York–A new report by Cooper Square Realty Inc. contains some unpleasant news for condo-unit owners and co-op shareholders in the city.
Rockwood Capital and Partners Snap Up 849-Unit Miami Luxury Condo for $141M
Miami–Everglades on the Bay, a mixed-use luxury condominium property in Miami, has just traded for far, far below replacement cost.
DEAL OF THE DAY: Bell Partners Fund Purchases Apartment Property
Chesapeake, Va.–Bell Partners Inc. has joined with a group of high net-worth ownership entities to purchase the 192-unit Alta Great Bridge Apartments in Chesapeake, Va.