Regions
TODAY'S DEALS: Vesper Completes 644-Bed Student Housing Acquisition
Vesper Holdings buys a student housing asset serving the University of Oklahoma; Marcus & Millichap completes a $29.5 million sale in Wisconsin; and Transwestern arranges the sale of a distressed 1,038-unit portfolio by the lender.
GHC Housing Partners Closes on Virginia Affordable Property
Sherman Oaks, Calif.-based GHC Housing Partners has closed on Essex Village, a 496-unit family and seniors property in Richmond, Va.
Report Sees Greater South Atlantic Development Opportunity
Construction activity slumped markedly during the recession, resulting in good near-term opportunity for increased building of multifamily housing in every state.
Work Begins on Housing for the Disabled in Orange County
Ground has been broken for Vista Del Rio, a 41-unit affordable housing property in Santa Ana, Calif., a city in Orange County.
TODAY'S DEALS: Luxury Asset Breaks Ground at the University of North Texas
A new student housing development breaks ground at the University of North Texas; Beech Street closes a Fannie Mae loan for a 144-unit Bronx asset; and Jones Lang LaSalle completes a $28.5 million sale.
Technology Amenities Residents Look For
In a recent webinar titled “Technology for Your Property: The Tech Amenities Residents Want Today,” hosts Mike Whaling, vice president, business development, InfiniSys Electronic Architects and Karen Rice, chief information officer, Grace Hill, discussed how to incorporate technology into new developments.
Tryko Partners Acquires HUD-Subsidized Seniors Housing
The multifamily portfolio of Tryko Partners has grown again, with the acquisition of Levittown, Pa.’s Galilee Village, a 170-unit property that provides HUD-subsidized apartment living for independent older adults.
Flushing's Sky View Parc Passes Half-Way Mark
Demand is relatively strong, supply relatively weak. That’s the state of the condo market in New York now, and that goes for places like Brooklyn and Queens as well as Manhattan.
TODAY'S DEALS: McCann Buys 276-Unit Asset Near Orlando
McCann Realty Partners buys an asset 25 miles west of Orlando; Federal Capital Partners completes a $14.8 million purchase in Maryland; and NorthMarq Capital arranges $23.25 million for an off-campus student housing community.
MARKET SNAPSHOT: Vacancy in Milwaukee Ticks Up Slightly with Expanding Development
The city of Milwaukee is set to see the largest increase in apartment inventory since 2000, with 700 units expected to come online by year’s end.