News
Rentbits.com Acquires ApartmentFrog.com
Rental search engine rentbits.com has acquired ApartmentFrog.com, an apartment search site, for an undisclosed price.
DEAL OF THE DAY: Marcus & Millichap Brokers $11.7M Sale of Property in Washington, D.C.
Marcus & Millichap Real Estate Investment Services sold The New Amsterdam, a 75,375-square foot multifamily and retail asset in Washington, D.C. The sales price of $11,750,000 represents $156 per square foot, or $130,556 per unit.
Web Feature: Common Area Renovations 101
Between 2005 and 2009, AIMCO undertook renovations
Palmer Hill Partners Adds New Phase to Conn. Devp.
Palmer Hill Partners is now preparing for a new phase of construction on the Palmer Hill luxury condominium community in Stamford, Conn., which will consist of a second condominium building with 27 homes, and 20 new townhomes.
New Velocity eBill Feature Helps Communities Go Green with Paperless Statements
RealPage, Inc. recently launched its latest offering, the Velocity eBill feature, which provides residents a monthly rent and utility statement notification via e-mail instead of mailed paper statements.
New Miami Beach Condos Looking for Buyers
A revived condo development called Terra Beachside 6000 Collins, which is the only major condo project under way in the city of Miami Beach, according to its developer, has kicked off its sales effort.
The Bainbridge Cos. Enters Atlanta Market
The Bainbridge Cos. is expanding into the Atlanta market with an agreement to manage Alexan MetroWest Apartments. Developed by Trammell Crow Residential (TCR), Alexan MetroWest is a newly built 397-unit luxury community located in Atlanta’s chic Midtown West Design District.
DEAL OF THE DAY: Arbor Closes $1.615M Fannie Mae Small Loan for Apartment Complex
Arbor Commercial Funding LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage LLC, recently helped fund a $1,615,000 loan under the Fannie Mae DUS product line for the 43-unit Sunny Knoll Apartments in Seymour, Conn.
Feature: In Landscaping, Green is Always Good
There is never a second chance to make a first impression. In the case of a multifamily community, it is the exterior of a community that makes the first impression.
Tomson Riviera Still Selling, Despite Property Bubble Anxiety
The peak of the Chinese real estate bubble has been predicted for some time now, but if the price that an apartment in Shanghai’s Tomson Riviera complex recently fetched is any indication, buyers are still willing to pony up the big yuan. Late last year, a 600-square meter (6,450 square feet) apartment in Tomson Riviera sold for 96.09 million yuan ($19.6 million) to an unspecified but obviously wealthy buyer.