Regions
MARKET SNAPSHOT: Vibrant Economy in Oklahoma City Promotes Multifamily Expansion
Posting a 5.5 percent unemployment rate, the lowest in the country, Oklahoma City is making tremendous strides in both single-family and multifamily housing.
Apartments Originally Designed to be Condos Appeal to Renters
A 255-unit apartment complex in Pikesville, Md., has averaged 35 percent resident turnover, below the industry average of 50 or 60 percent.
TODAY'S DEALS: Vesper Holdings Buys Texas Student Housing Asset
Vesper Holdings acquires a 528-bed student housing asset; UIP, Infinity buys a pre-war asset in Washington, D.C.; and Beech Street Capital provides a $5.2 million FHA loan with possibly the lowest rate to lock in the field office’s history.
Manhattan Multifamily Sees Price Increases
According to Brown Harris Stevens’ first quarter 2012 Manhattan Residential Market Report, the average Manhattan apartment sale price was about $1.483 million, up 9 percent from the same period in 2011.
How to Minimize Property Damage in the Event of a Wildfire
As summer approaches and the temperatures go up, it is important for multifamily owners and property managers to protect their buildings from wildfires.
Wood Partners LLC and East West Partners Plan New Luxury Apartment Community
By Gabriel Circiog, Associate Editor Wood Partners L.L.C. and East West Partners announced that they have arranged capital from USAA Real Estate Company for the development of a luxury apartment community in the heart of the Union Station/Riverfront Park redevelopment. The $62 million Alta City House, located at 1801 Chestnut St., will include 280 units […]
Chicagoland Apartment Association Unveils Apartment Living Campaign
“We’ve been through a very difficult recession, but the rental market has pulled out of it more quickly than other parts of the economy. More and more people will be choosing renting,” says Chicagoland Apartment Association vice president.
TODAY'S DEALS: IPA Sells Tampa Community for $12.6M
IPA arranges a $12.6 million sale in Tampa; Centerline Capital provides a $6.6 million loan for a two-property acquisition in Utah; and Walker & Dunlop originates a $18.2 million refinance loan carrying two-years interest-only.
CIS to Redevelop Distressed Apartments into Affordable Units
Community Investment Strategies has partnered with the township of North Brunswick to redevelop the distressed Oak Leaf Village Apartments into 183 new affordable apartment rental units.
Security Properties Buys Tempe Multifamily Property
Security Properties Inc. has acquired MetroPointe, a 408-unit apartment property in Tempe, Ariz.