Regions
APARTMENT MARKET STATISTICS: June 2014
Multifamily housing starts fell for the third consecutive month in February 2014, according to the National Association of Home Builders (NAHB).
CityPlace Mixed-Use Development in Houston to Include 268 Apartments
Patrinely Group, CDC Houston and USAA Real Estate Co. have unveiled their plans for the new CityPlace development, formerly known as Springwoods Village Town Center.
JB Matteson Acquires Mixed-Use Community in Petaluma, Calif.
JB Matteson has announced the acquisition of Theatre Square Apartments in Petaluma, Calif. The 99-unit, mixed-use community was purchased $32.5 million from the original developer.
TODAY’S DEALS: Balfour Beatty, Texas A&M Close $104M for 1,274-Bed Development
Balfour Beatty and Texas A&M kick off a public-private partnership development; Virtú Investments buys 112 units in Colorado; and Eastern Consolidated markets a development site in Long Island City, N.Y.
Ideal Properties Group Launches New Luxury Community in Brooklyn
Brooklyn-based Ideal Properties Group is launching a new luxury rental building in the Park Slope neighborhood of Brooklyn.
McKinley Appointed Asset Manager for 2,772 Bed Purpose-Built Studen Housing Community
McKinley announced it has been retained as Asset Manager for Chandler Crossings located in East Lansing, Mich., serving the Michigan State University campus.
Economy Watch: Most States See Unemployment Rate Drops Since Last Year
The Bureau of Labor Statistics reported that 20 states had unemployment rate decreases in May compared with April, 16 states suffered increases and 14 states and the District of Columbia experienced no change.
TODAY’S DEALS: Charles Dunn Brokers 201-Unit Los Angeles Sale
Charles Dunn Co. brokers the $22 million sale of an L.A. apartment community; Madison Realty Capital sells a 20-unit NYC apartment for $12.3 million; and NorthMarq Capital arranges $14.45 million in rollover financing consisting of a non-recourse bridge loan and a construction loan.
JDC Completes Latest California Apartment Redevelopment
JDC Construction + Development Group has completed the $4 million restoration of the 237-unit 1718 Ximeno Ave. apartment property in the Park Estates section of Long Beach, Calif.
ApartmentFinder.com Releases Citrus, Featuring Enhanced Intuitive Navigation And Advanced Search Technology
ApartmentFinder.com launched its latest site update called Citrus. Significant navigation and design enhancements to the homepage and search features make it easier than ever for renters to find their ideal apartment from one of the largest collections of U.S. apartment rentals online.