Regions
DC JV Begins Mixed-Use Property in Takoma Neighborhood
Federal Capital Partners, Level 2 Development LLC and SGA Cos., have formed a joint venture to develop Takoma Central, a mixed-use project with 156 rental apartment units and ground-floor retail in the Takoma Park.
State-of-the-Art Student Housing Planned in Salisbury, Md.
Almost 700 students will be accommodated at a new student housing community to be built steps from the Salisbury University campus in Salisbury, Md.
TODAY'S DEALS: The Habitat Co. Breaks Ground on 450-Unit Chicago High-Rise
The Habitat Company begins a 450-unit development in Chicago; Centerline Capital refinances a Pittsburgh asset; and Meridian negotiates financing in Manhattan, Brooklyn, Queens and Westchester County, N.Y.
Big Gains for Big Apple Multifamily Sales in 2011
In 2011, sales of New York City multifamily buildings jumped 33 percent above the previous year’s totals, and year-over-year dollar volume grew by 43 percent.
Social Media Helps Market New Dallas Apartments
Wood Partners reports that after only eight weeks, the property is 60 percent leased. The company isn’t just relying on the strength of the local market to get renters to sign on the dotted line–it’s also pursuing social media.
TODAY'S DEALS: Lee & Associates Lands $175M Recapitalization for San Francisco Asset
Lee & Associates secures an equity partner for a large San Francisco asset; American Campus Communities acquires two properties totaling 1,927 beds; and Palatine Capital sells a community for double its acquisition price.
Developer Introduces Two Purchase Programs For Luxury Units
Rent-to-own programs have become popular among developers, and Pinnacle Companies is taking this idea to the next level by introducing two new purchase programs for The M at Englewood South in New Jersey.
Apartment Sector Will Continue to be Job Generator
Most sectors of the U.S. economy continue to show sluggish rates of employment growth, but the prospect of employment growth in the apartment industry is strong.
Spirit Investment, Bascom Team Up for Shopping Spree
Spirit Investment Partners LLC and The Bascom Group LLC have teamed up to form a joint venture, Spirit Bascom Ventures LLC, for the purpose of acquiring value-add multifamily properties in the eastern region of the country.
What's Old is New Again: Value-Add Capital Program Aims to Modernize Community Interiors
CBRE Global Investors has purchased Heritage Creek, a 324-unit garden-style apartment community built in the ’90s, and it plans to initiate a value-add capital program to modernize the interiors.