Regions
TODAY’S DEALS: Home Properties Buys Maryland Asset for $186M
Home Properties buys a 1,350-unit asset; a 42-unit property trades for $4.9 million in Oakland, Calif.; and Red Mortgage provides $21.2 million in financing to the first 221(d)(4) FHA loan to benefit from North Carolina’s Brownfields Agreement.
MARKET SNAPSHOT: Vacancies and Rents at Extremes in Manhattan; New Development Slowly Materializes
Overall vacancy in Manhattan remained at an incredibly low rate–just over 1 percent–in the first quarter of 2012.
L’Avenue Mixed-Use Residential Tower to Become Tallest in Downtown Montréal
Plans have been unveiled for the construction of what could become the tallest residential building in downtown Montreal.
Study Shows Multifamily Industry Contributes $5.7 Billion to N.J.
In a new study, the New Jersey Apartment Association and the Edward J. Bloustein School of Planning and Public Policy at Rutgers revealed that the economic contribution of the multifamily industry is a significant component of the New Jersey economy.
TODAY’S DEALS: Transwestern Arranges Sale of Phoenix Property for $20.8M
Transwestern arranges the sale of a Phoenix property for $20.8 million; and Cohen Financial advises on a $12.45M, 80-percent LTV mortgage.
SPECIAL REPORT: New Social Media and SEO Strategies
At the recent National Apartment Association Education Conference and Exposition in Boston, panelists at the session “Analyzing and Optimizing Your Online Marketing Strategies” discussed tips to get the most out of social media and make property websites the most effective in terms of search.
Historic Rehab Uses 1000-Plus Energy-Efficient Windows
In an example of a major green upgrade to an old multifamily structure, Community Housing Concepts and the Monroe Group, owners of the Castle Park Apartments complex in Normandy, Mo., have overseen the installation of about 1,100 new energy-efficient windows during the major rehabilitation of the structure.
Ironstate and KRE Team Up to Bring 422 Luxury Rentals to Jersey City
Ironstate Development Company and Kushner Real Estate Group have begun construction on a new multi-faceted project comprising a 422-unit luxury rental building and a new state-of-the-art facility for The Boys & Girls Clubs of Hudson County, in Jersey City.
Starwood Hotels Celebrates 100-Hotel Mark in China By Announcing 100 More
Starwood Hotels & Resorts Worldwide has recently announced that it has reached an important milestone regarding its Chinese endeavors.
New Five Star Solis Guangzhou Hotel Announced
Solis Hotels & Resorts announced plans to build a luxury 260-unit hotel in Guangzhou, China.