Regions
TODAY’S DEALS: Vulcan Completes Another South Lake Union Sale
J.P. Morgan grabs a mixed-use asset from Vulcan; Gebroe-Hammer brokers the $36 million sale of a New Jersey asset; and Hunt Mortgage refinances two multifamily properties.
APARTMENT MARKET STATISTICS: February 2015
The prices of multifamily properties sold fell to $144,149 per unit in the third quarter compared to $124,768 in the previous quarter, reports PPR, a Costar company.
Achieving 100-Percent Occupancy in Fewer Than Two Months
Legends at Kingsville, a new student housing development adjacent to the Texas A&M -Kingsville campus, has been fully leased for the 2015-16 school year.
Industry Veteran Joins Bellwether Enterprise
Bellwether Enterprise announced the hiring of a new senior vice president.
Shifting Focus to Renovation
Mill Creek Residential is announcing the comprehensive renovation as part of a value-add joint venture.
TODAY’S DEALS: Mixed-Use Greenwich Village Asset Trades Hands
City Urban Realty and Madison Realty Capital grab a Greenwich Village asset; Pathfinder Partners and Ryanik complete a sale in Long Beach, Calif.; and HFF secures financing for a multi-housing community.
What Happens When Non-Profits Team Up
Several non-profit companies have partnered to acquire and preserve an apartment community.
Lee & Associates Adds Three New Principal/Shareholders
The Lee & Associates Los Angeles-Long Beach offices have announced that Garret Massaro, Garen Ramyan and Josh Reilly have been promoted to principal and shareholder.
An Optimal Time for Rebranding
The luxury apartment building in Chicago’s Streeterville neighborhood formerly called Streeter Place has been rechristened Atwater Apartments.
Economy Watch: Retail Sales Drop, But Not Really
U.S. retail sales dropped a fair amount—0.8 percent—in January, but it’s a case of the headline number being a little misleading.