Regions
INVESTMENT: Marcus & Millichap Markets Arizona Property on Behalf of Receiver
Peoria, Ariz.–Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Suntree Apartments, a 216-unit 175,152-square foot distressed asset in Peoria, Ariz., a major suburb of Phoenix.
Pending Homes Sales Up Slightly, Condos May Not Benefit
Washington, D.C.–Since the expiration of the federal home sales tax credit earlier this year, sales of all kinds of residential property have been near catatonic.
Associated Estates Kicks Off Construction of 242-Unit Vista Germantown in Nashville
Nashville, Tenn.–Vista Germantown, an apartment community that will sit in downtown Nashville, moves closer toward realization as work gets underway on the 242-unit property.
Online Apartment Finder Reports Spike in Traffic
ForRent.com and its affiliate sites (including CorporateHousing.com and SeniorOutlook.com) report a 65 percent increase in traffic during August 2010 compared with the same month in 2009, according to the company, which specializes in providing information to apartment seekers.
INVESTMENT: HFF Markets 264-Unit Apartment Community in Indiana
Merrillville, Ind.–The Chicago and Indianapolis offices of HFF (Holliday Fenoglio Fowler, LP) announced today that they have been named to market for sale Broadmoor Country Club Apartments, a 264-unit multi-housing community in Merrillville, Ind.
With Renting Season Upon Us Apartments.com Offers Tips for Finding the Right Home
Chicago–The pool of apartment leasers is growing and it consists not only of those who rent for financial reasons but, as Apartments.com concluded in a recent survey, those who prefer to rent in order to live in neighborhoods that would be inaccessible to them as homebuyers.
NHC Urges Congress to Ensure Stable Supply of MF Housing
Washington, D.C.–The National Housing Conference (NHC) has issued a policy statement underscoring the importance of the nation’s multifamily housing finance system.
Manhattan Residential Market Stabilizing?
New York–Two reports on the Manhattan residential market covering the third quarter of 2010 were released recently, with both calculating their numbers in slightly different ways but nevertheless pointing to the same trend.
DEAL OF THE DAY: ARA Executes Sale of Foreclosed Apt. Property on Behalf of GE Capital
Atlanta–ARA announced the sale of River Heights Apartments, a 381-unit garden-style community located on Columns Drive – one of Atlanta’s most prestigious and desirable addresses in Northeast Atlanta.
USGBC Announces New Sustainability Award in Honor of Chicago Mayor Daley
Washington, D.C.–The U.S. Green Building Council (USGBC) has just revealed the establishment of a new award that will honor those who have served as beacons in the movement to develop environmentally friendly cities.