Regions
Kettler to Start Construction on Crystal City Rental Property
Real estate development firm Kettler is moving ahead with development of an 11-story, 198-unit luxury high-rise apartment project called m.flats Crystal City in the Crystal City neighborhood of Arlington, Va.
Economy Watch: Consumers Expected to Spend More This Holiday Season
The International Council of Shopping Centers forecasts that U.S. holiday retail sales will improve 4 percent this year compared with 2013 (the organization counts sales in November and December as holiday sales).
TODAY’S DEALS: Vesper Acquires 1,002-Bed Student Housing Asset in Tampa
Vesper expands its student housing portfolio in Florida; Marcus & Millichap Capital Corp. arranges $38.5 million in construction financing in Northern California; and Passco Companies acquires a property located in South Carolina for $30.9 million.
Ground Broken on Villas on the Boulevard in Santa Clara
Groundbreaking ceremonies have been held for Villas on the Boulevard, a new 186-unit luxury apartment community in Santa Clara, Calif.
Economy Watch: Residential Price Increase Still Slowing
Trulia reported that asking prices for U.S. residential properties rose 0.8 percent in September, up in 92 of the 100 largest metro markets.
USC Casden Predicts Higher SoCal Apartment Rents
The 2014 USC Casden Multifamily Forecast reports that apartment rents are continuing to rise throughout Southern California as the demand for rental housing outpaces the completion of new units.
TODAY’S DEALS: IMT Acquires 338 Units from Wood Partners in Denver
Wood Partners sells a newly built community in Denver; a Beacon affiliate acquires 204 units in Amherst from an Equity Residential affiliate; and Capital One Bank closes on an $8.6 million Fannie Mae structured Adjustable Rate Mortgage.
Tristan Capital Partners and STAM Europe Inaugurate $130M Office Campus in Central Paris
A partnership between a real estate investment fund advised by Tristan Capital Partners and co-investor STAM Europe marked the official opening of a nearly 264,000-square-foot office complex located in the heart of Paris.
Marriott International to Open 30 Hotels Across Africa By 2020
Marriott International, the largest hotel company in the world with more than 4,087 properties in over 80 countries, recently revealed plans to open 30 new hotels across the African continent by 2020.
Auction.com Launches Auction Finance
Auction.com has launched Auction Finance, a new division created to facilitate financing for commercial and residential real estate investors.