Regions
Wood Partners Starts Apartment Development in Suburban Denver
Wood Partners has broken ground on Alta Cherry Hills, a 306-unit apartment community in suburban Denver. The infill project, which will include two five-story buildings on 4.6 acres, should be complete and open for leasing by summer 2014.
TODAY’S DEALS: LATA Acquires Four Multifamily Properties for $98.2M
Landmark Apartment Trust of America acquires 1,346 units; IPA arranges a San Antonio sale; and Dominium acquires a tax credit property in Colorado, adding to its affordable housing portfolio.
Spectrum and Pacolet Milliken to Develop Luxury Multifamily Community on Daniel Island, S.C.
Spectrum Properties Residential and Pacolet Milliken Enterprises Inc. have announced their intent to develop a luxury apartment community on Daniel Island, S.C.
Multi Housing Advisors Brokers Two Sales in Birmingham
The Birmingham, Ala., office of Multi Housing Advisors recently brokered the recent sales of two Birmingham apartment communities totaling 506 units.
Economy Watch: Cost of the Shutdown
No sooner was the federal government shutdown over on Thursday than estimates of its cost to the U.S. economy were being published.
Spanish Market Sees Major Retail Transaction, Positive Change for Struggling Real Estate Sector
As Southern Europe sees the economy of several countries continue to struggle with the effects of the economic downturn, Greece, Italy and Spain have been the ones hit hardest in the entire Eurozone.
Sack Properties, Canyon Catalyst Buy Two SF Multifamily Properties
Sack Properties and the Canyon Catalyst Fund have made two investments in the San Francisco area, acquiring a 116-unit garden-style apartment property in Sunnyvale (Skyline Vista Apartments) and a 44-unit multifamily property in Pacifica (720 North).
Wood Partners Begins Construction on 217,000 SF Mixed-Use Development in Alexandria, Va.
Wood Partners has announced that construction has started on Station 650, a $50+ million mixed-used development in Alexandria’s Potomac Yard neighborhood.
MBA to Promote Fratantoni to Chief Economist
David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA) announced that Michael Fratantoni, currently MBA’s vice president, single family research and policy development, will be appointed chief economist and senior vice president, research and industry technology, reporting directly to Stevens.
Yardi Maintenance Mobile Makes Great Living Even Better at Associated Estates
Yardi Systems Inc. announced that Associated Estates Realty Corporation will deploy Yardi Yardi Maintenance Mobile™ at the company’s 51 properties located in 10 states across the U.S.