Regions
Manhattan Apartment Prices Stable in Fourth Quarter
Apartment sale prices in Manhattan barely moved during the fourth quarter of 2011, according to the latest report by Brown Harris Stevens, a specialist in New York residential properties.
TODAY'S DEALS: Seniors Portfolio Hits Texas Market
Marcus & Millichap is awarded the listing rights for a Texas seniors housing portfolio; ARA brokers the sale of a prime land parcel in Denver’s Technological Corridor; and Walker & Dunlop provides a $31.9M Fannie Mae loan.
Rehabbed, Rebranded Property Debuts in Hungry Houston Market
With an eye on value-add opportunities in the bustling Houston apartment market, Marquette Cos. has acquired and rehabilitated The Apartments at Copper Springs, a 376-residence community in the city’s thriving I-290 corridor.
New Brooklyn Residence 25 Percent Sold
Love Lane Mews, a condominium building in Brooklyn Heights, New York, has received its Final Certificate of Occupancy.
TODAY'S DEALS: HFF Closes Class A Sale in New Jersey
Holliday Fenoglio Fowler closes a 704-unit sale in New Jersey; Clarion Partners invests in a development in North Carolina; and Irongate Realty Partners announces the purchase of a non-performing note.
DC JV Begins Mixed-Use Property in Takoma Neighborhood
Federal Capital Partners, Level 2 Development LLC and SGA Cos., have formed a joint venture to develop Takoma Central, a mixed-use project with 156 rental apartment units and ground-floor retail in the Takoma Park.
State-of-the-Art Student Housing Planned in Salisbury, Md.
Almost 700 students will be accommodated at a new student housing community to be built steps from the Salisbury University campus in Salisbury, Md.
TODAY'S DEALS: The Habitat Co. Breaks Ground on 450-Unit Chicago High-Rise
The Habitat Company begins a 450-unit development in Chicago; Centerline Capital refinances a Pittsburgh asset; and Meridian negotiates financing in Manhattan, Brooklyn, Queens and Westchester County, N.Y.
Big Gains for Big Apple Multifamily Sales in 2011
In 2011, sales of New York City multifamily buildings jumped 33 percent above the previous year’s totals, and year-over-year dollar volume grew by 43 percent.
Social Media Helps Market New Dallas Apartments
Wood Partners reports that after only eight weeks, the property is 60 percent leased. The company isn’t just relying on the strength of the local market to get renters to sign on the dotted line–it’s also pursuing social media.