Regions
Historic Chicago Units Customizable for Residents
Metropolitan Properties of Chicago recently announced that Richelieu Flats, an adaptive reuse of a seven-story building, is part of the historic South Michigan Avenue “streetwall.”
DFW Apartment Market Good for Landlords, Investors–For Now
Even though the Dallas-Fort Worth area never quite suffered the housing slump that many other U.S. markets did, the area’s relatively robust economy is creating new households that are tightening the apartment market.
TODAY’S DEALS: HFF Sources $44.5M for Denver Asset
HFF secures financing for a 328-unit asset; a community in Pennsylvania trades for $22.7 million; and Alliance originates a $4.5 million loan at 3.9 percent interest rate.
Olympic Village to Become Residential Community After Games
The Olympics Opening Ceremony is today, but multifamily developers are already looking toward the end of the games. At that point, the Athlete’s Village—the area built up in Olympic Park to house all the athletes—will be turned into a residential community.
As London Olympics Near Opening Ceremony, Games’ Centerpiece Gets Architectural Acknowledgment
With the London Olympic Games under way, the world turns its attention to the impressive manner the London Organising Committee of the Olympic Games has managed to transform the city into a huge venue ready to greet a number of over 10,000 athletes.
Upbeat Assessment in Ariel Property Advisors’ Q2 Report
Ariel Property Advisors’ second quarter multifamily report indicates New York City multifamily transactions increased 48 percent in the second quarter of 2012, vis-à-vis the same period one year earlier.
Bernards Awarded California Luxury Community Contract
Bernards, a nationally ranked commercial builder, has been awarded the construction contract for Carlyle at Colton Plaza, a multi-million dollar residential community in Irvine, Calif.
TODAY’S DEALS: HFO Completes $23M in Pacific Northwest Sales
HFO completes five sales; and Beech Street closes a $14.2 million Fannie Mae DUS loan to refinance a four-property portfolio in Brooklyn, N.Y.
Boston Apartment Market Sees Mixed 2Q Rental Rate Movements
A subsidiary of Zillow, RentJuice, reports that average asking apartment rents climbed by 4 percent in the Boston metro area in the second quarter of 2012, those same neighborhoods saw the effective cost of rental space drop.
Atterbury Property Group Launches $3 Billion Mixed-Use Urban Development in South Africa
Atterbury Property Group has launched its $3 billion Waterfall Business Estate, one of the most ambitious mixed-use urban development projects in South Africa.