Regions
SoCal Apartments and Marina Trade for $43.9M
Archstone recently bought Bay Club Apartments and Marina for $43.9 million from Decron Properties Corp. Located in Marina Del Rey, Calif., the Bay Club includes 205 residential units, 207 boat slips and 11 end ties.
The Bridges at Kendall Place Unveiled in Miami
The Bridges at Kendall Place, a 228-unit, Class-A apartment community in Miami, recently had its official opening.
Economy Watch: Chicago Fed Index Up in September
The Chicago Fed reported on Thursday that its National Activity Index increased to 0.00 in September from -1.17 during August.
TODAY’S DEALS: Steadfast Buys Austin Asset for $22M
Steadfast Income REIT buys its second Austin asset; Beech Street Capital closes $5.8 million for a pair of Dallas communities; and Vitus Group begins an affordable redevelopment in California.
Two Dallas Apartment Properties Trade Hands
Peak Capital Partners has bought a two-property 1980s apartment portfolio totaling 560 units in Dallas from Landmark Residential.
TODAY’S DEALS: American Campus Communities to Buy 19 Assets
American Campus Communities announces big acquisition plans; Essex Property Trust buys a community in San Jose, Calif.; and Walker & Dunlop provides $70.2 million for a historical portfolio in Pennsylvania.
344K SF Masdar and International Renewable Energy Agency HQ Breaks Ground
Masdar City, the low-carbon, low-waste, emerging cleantech cluster and one of the most sustainable communities and mixed-use developments in the world continues its trailblazing development.
Rezidor Announces Plans to Open the Park Inn by Radisson Astana in Kazakhstan
The Rezidor Hotel Group, a member of the Carlson Rezidor Hotel Group, has announced plans to open the Park Inn by Radisson Astana in Kazakhstan.
Chestnut Hill Realty Expands West Roxbury Multifamily by 48 Units
Chestnut Hill Realty completed a $12 million expansion to its Ridgecrest Village Apartments, adding a new 48-unit building and bringing its total to 389 apartment homes in the West Roxbury, Mass., community.
MARKET SNAPSHOT: Chicago Sees Largest Payroll Expansion Since Financial Crisis
The Chicago metro area added 35,000 non-farm jobs in the last 12 months, indicating that employment in the nation’s third-most populous city is seeing a comeback.