Regions
Two Dallas Apartment Properties Trade Hands
Peak Capital Partners has bought a two-property 1980s apartment portfolio totaling 560 units in Dallas from Landmark Residential.
TODAY’S DEALS: American Campus Communities to Buy 19 Assets
American Campus Communities announces big acquisition plans; Essex Property Trust buys a community in San Jose, Calif.; and Walker & Dunlop provides $70.2 million for a historical portfolio in Pennsylvania.
344K SF Masdar and International Renewable Energy Agency HQ Breaks Ground
Masdar City, the low-carbon, low-waste, emerging cleantech cluster and one of the most sustainable communities and mixed-use developments in the world continues its trailblazing development.
Rezidor Announces Plans to Open the Park Inn by Radisson Astana in Kazakhstan
The Rezidor Hotel Group, a member of the Carlson Rezidor Hotel Group, has announced plans to open the Park Inn by Radisson Astana in Kazakhstan.
Chestnut Hill Realty Expands West Roxbury Multifamily by 48 Units
Chestnut Hill Realty completed a $12 million expansion to its Ridgecrest Village Apartments, adding a new 48-unit building and bringing its total to 389 apartment homes in the West Roxbury, Mass., community.
MARKET SNAPSHOT: Chicago Sees Largest Payroll Expansion Since Financial Crisis
The Chicago metro area added 35,000 non-farm jobs in the last 12 months, indicating that employment in the nation’s third-most populous city is seeing a comeback.
Economy Watch: Residential Delinquencies Jump in September
The Census Bureau reported on Wednesday that sales of new single-family houses were at an annualized rate of 389,000 in September 2012, which is 5.7 percent above the revised August rate of 368,000 and 27.1 percent above September 2011’s rate of 306,000.
TODAY’S DEALS: EdR Completes $20.9M Acquisition in Michigan
EdR picks up an asset in Michigan; Capital Senior Living buys eight communities for $72.9 million; and NorthMarq employs a Freddie Mac early-rate lock for $20.6 million refinance.
Second Phase Planned for Sterling Parc at Middletown
As further evidence that the demand for rental properties is broad as well as deep, Sterling Properties reports that the first phase (three buildings all together) of Sterling Parc at Middletown in Orange County, N.Y., has nearly leased all of its apartments.
Owners Looking to Charge Premiums for Bay Area Residential Complexes
By Alex Girda, Associate Editor San Francisco is living its own private residential boom, and investors are looking to cash in on the demand for mid-Market residences. The San Francisco Business Times reports that apartment developer Archstone is currently looking to offload one of its larger Bay Area properties in the hopes of getting a […]