Regions
San Francisco Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and MHN’s research editor Jack Kern discuss San Francisco apartment market fundamentals in this edition of our market research podcast hosted by Mike Ratliff.
Collier Cos. Buys Tampa Apartments, Plans Student Housing on Site
The Collier Cos. of Gainesville, Fla., has acquired the 100-unit Sunset Square Apartments in north Tampa for $6.4 million from Sunset Square Blackhawk Realty Advisors.
Economy Watch: QE3 on Its Way Out
The Federal Reserve’s massive, two-year stimulus of the economy—occasionally still called QE3—is now set to ride off into the sunset, according to the latest minutes of the Federal Open Market Committee.
TODAY’S DEALS: HFF Completes Sale of $900M Portfolio with L.A. Condo Disposition
HFF sells a 271-unit and wraps up a portfolio sale on behalf of ST Residential; NorthMarq Capital arranges $43.5 million for a Security Properties acquisition; and Hamilton Zanze sells an Austin apartment community.
LEI Acquires 228-unit Community in Newark, Del.
Lowe Enterprises Investors, on behalf of an investment client, has announced that it has purchased the 18.5-acre, 228-unit Christina Mill Apartments in Newark, Del. from Korman Residential for an undisclosed price.
Dominium Develops Affordable Senior Community in Suburban Minneapolis
Minneapolis-based Dominium, an owner, developer and manager of apartment communities across the country, has announced the construction of a new independent seniors affordable housing community called The Cavanaugh.
Economy Watch: Consumer Credit Still Growing
U.S. consumer credit rose at an annualized 7.4 percent in May compared, according to the Federal Reserve. That’s a sizable increase, but not as much as in April, when the annualized increase was 10 percent.
New Apartments Benefitting from High Line Location
Manhattan’s High Line, the linear park famed for spurring development and leasing in its general vicinity in the five years since the first phase opened, still seems to be working its magic.
WinnCompanies Completes 18th Adaptive Reuse Project
WinnCompanies’ real estate component, WinnDevelopment, has announced the completion of its adaptive reuse project, Voke Lofts, located at 34 Grove Street in Worcester, Mass.
TODAY’S DEALS: Charles Dunn Sale Breaks Per Unit Price in LA’s Faircrest Heights
A 17-unit asset sets a per unit price record in an L.A. neighborhood; Meridian Capital arranges $21.7 million in financing for Pantzer’s acquisition of a Philadelphia property; and the Collier Companies buys a Tampa apartment with plans for a student housing redevelopment.