Regions
Energy Efficiency Meets Unique Architecture with New Slovenia Apartments
The energy-efficient Lace apartment community in Nova Gorica, Slovenia, is designed with visually striking architecture that also protects from some of the country’s more extreme weather conditions.
New Opportunity Fund Bags Inland Empire Apartment Property
Indio, Calif.–The newly formed Clear Capital L.L.C. has purchased the Casa Monroe Apartments in Indio, Calif., the first acquisition by the $50 million opportunity fund.
TODAY’S DEALS: UDR Acquires D.C. Apartments for $600 per square foot
UDR Acquires a 185-unit luxury community in D.C.; Newcastle grabs a 162-unit building in Chicago; and HFF closes sale of Tampa, Fla. asset to Camden.
Force Proves to Be with Developers of The Coronet
San Francisco–The Coronet, a new 150-apartment senior housing building in the Richmond district of San Francisco, springs up on the site of the demolished Coronet movie house.
Apartment Market Pushing toward 6 Percent Annual Rent Growth
Dallas–Axiometrics Inc. released a research report today that shows the national apartment market continuing to heat up in May, with effective rents increasing 0.7 percent from April levels.
USGBC LEED Volume Program Available for Existing Buildings
Washington, D.C.–The U.S. Green Building Council announced that LEED Volume Program for Operations & Maintenance is now available for existing green building projects.
TODAY’S DEALS: Howard Hughes Corp. Acquires $117.5M Interest in Woodlands Community
Howard Hughes Corp. acquires $117.5 million interest in Woodlands master-planned community; Phillips Development and Realty closes a $3.7 million refinance on a 129-unit community; and M West Holdings acquires a 43-unit apartment property in California.
California Congressman Calls for Replacement, Not Elimination, of GSEs
Washington, D.C.–Rep. Gary Miller (R-CA) plans to introduce a bill that would replace the GSEs with a new, consolidated entity whose function would be very much like Fannie and Freddie.
JLL Strengthens Multifamily Team in SoCal
San Diego–Higher occupancies and rising rental rates in the Southern California apartment market are creating a significant demand for investment sales expertise, prompting Jones Lang LaSalle to hire big guns.
Elizabeth, N.J., Celebrates Completion of Waters Edge Crescent
Elizabeth. N.J.–The opening of Waters Edge Crescent marks the completion of the Elizabeth’s 14-year initiative to demolish approximately 650 distressed public housing units and rebuild the same number of newly constructed modern affordable housing units.