News
DEAL OF THE DAY: Trophy Residential Tower in Arlington, Va. Auctions for $118M
The Washington, D.C. office of HFF (Holliday Fenoglio Fowler LP says it has closed the sale of The Palatine, a 262-unit, Class A high-rise multi-housing community in Arlington, Va. Crescent Heights of America was the successful bidder at the foreclosure auction and purchased the property for $118 million.
White Paper Shows Archstone Increased Revenue by 1.5% from Call Center’s Capture of Incremental Leads
A property can see a significant increase in its revenue by outsourcing its call center and capturing more resident leads in the process
DEAL OF THE DAY: ARA Brokers Sale of Two Well-Located Distressed Properties for $52.15 Per Square Foot
Apartment Realty Advisors (ARA) brokered the sale of a 78-unit, two property portfolio in Aurora, Colo. to JTA Properties, a private local buyer, for $2,125,000, representing a price per unit of $27,244, or $52.15 per square foot.
DeWitt Asks Congress Not to Forget Multifamily in Reforming GSEs
Affordable and workforce housing will be critical in the 2010s
AMCAL Promotes Mario Turner to VP, Development in OC Office
AMCAL Multi-Housing Inc. recently promoted Mario Turner to vice president of development for the company’s Orange County office
MARKET SNAPSHOT: With Supply in Check, Denver Remains Optimistic about Absorption
Denver never had the run-up that other markets in the mountain area, such as Phoenix and Las Vegas, had, but the city delivered about 18,000 units between 2001 and 2002, at the same time that it lost a lot of jobs, which contributed to a huge influx of supply.
New Site Provides Renters with Incentives to Pay Rent on Time
Chasing residents who are always late in paying their rent is a time consuming affair; one that property managers are all too aware of.
INVESTMENT: Mission Capital Advisors Tapped As Exclusive Sale Advisor for $119M Performing Commercial Mortgage Loan Portfolio
The loan sale advisior Mission Capital Advisors LLC is marketing a portfolio of 195 performing commercial mortgage loans with an outstanding balance of $119,509,870.
58-Unit Townhome Community in Suburban Chicago Nearly Sold Out
Willow Place is offering an incentive of $8,000 toward options.
Magnusson Planning and Architecture Launches Green Consulting Division
Magnusson Architecture and Planning recently introduced MAP Green, a division specializing in green consulting servic