Regions
Millennials are ‘Renter Generation,’ Study Reports
When the Great Recession struck in 2008, the Millennial Generation was among the hardest hit. Caught in a plummeting economy characterized by enormous job cuts and limited new hiring, these underpaid and unemployed new-to-the-workforce folks didn’t have the economic wherewithal to move out on their own as previous generations did.
Hines Prepares to Open WaterWall Place in Houston
Hines, the owner and developer of WaterWall Place in Uptown Houston, has started pre-leasing the property.
Economy Watch: Jobs Uptick in October
The delayed jobs report for October came out on Friday, with the Bureau of Labor Statistics finding that the economy created 204,000 jobs during the month, an improvement from the September, and more than the average monthly growth for the last previous 12 months of 190,000.
Boyd Management Inc. Adopts Yardi SaaS Select Platform and Adds Online Procurement and Payment Processing
Yardi announced today that Boyd Management Inc. (BMI), an affordable housing management firm based in South Carolina, has begun the process of upgrading its software and database hosting service to Yardi SaaS Select.
Chinese Developer Plans $7.8 Billion Financial Hub in South Africa
Hong Kong-based developer Shanghai Zendai Property Limited is planning to transform a Johannesburg suburb into a global financial hub.
Oxley Holdings Limited Acquires Largest London Mixed-Use Site Since Battersea Power Station
Knight Frank LLP recently announced that Singapore-listed property developer Oxley Holdings Limited has acquired Royal Wharf, the largest mixed-use site in London since Battersea Power Station. Knight Frank LLP, acting for Ballymore Group, identified Oxley as a key buyer.
TODAY’S DEALS: Security Properties Coinvests in Multifamily Fund
Security properties closes a 2,471-unit fund, sells first asset; an affiliate of True North Capital Partners acquires two Massachusetts apartments in a sale brokered by CBRE/NE; and Meridian negotiates financing for New York communities.
CBRE Brokers the First Sale of Urban, Class A Apartments in Minneapolis-St. Paul Since 2008
Dallas-based L&B Realty Advisors has purchased the Lake Calhoun City Apartments in Minneapolis for $37.25 million.
Hines Announces Large Logistics Facility Acquisition in Growing German Market
International real estate company Hines recently completed one of the largest largest logistics transactions to take place in central Europe in recent memory for an asset in the city of Erfurt, Germany.
NAAEI Honors Apartment Industry Veteran William Wollinger for His Leadership
The National Apartment Association Education Institute has created a new scholarship program for apartment industry employees who are military veterans.