Regions
Today's Deals: Harbour Realty Snags 280 Units in Chicagoland
Harbour Realty Partners purchases 280 units in Chicagoland; Passco Companies buys a 212-unit golf-oriented community; Greystone originates $15.8 million for a property in Florida; and Walker & Dunlop provides a $6.1 million loan under Freddie Mac’s CME program.
7 Reasons D.C. Is Experiencing a Strong Multifamily Market
Multifamily investment in 2011 has been the golden child of commercial real estate. With strong economic and employment fundamentals, large metros such as Washington, D.C., have attracted investors.
Inland Empire Apartment Market Will Continue to Prosper
California’s Inland Empire, an area hit particularly hard by the Great Recession and its aftershocks, is seeing an intensification of demand for rental properties, according to a new report by real estate investment specialist Marcus & Millichap.
Changing Manhattan's Skyline: NY's Newest, Tallest Residential Building
Manhattan is world-renown for its skyscrapers. And now the tallest residential building is almost complete. Extell Development Co. announced that sales have started for ONE57, a 90-story glass tower, which will rise 1,000 feet above Midtown Manhattan.
Today's Deals: JV Lines Up Funds for Bethesda Mixed-Use Development
Northwestern Mutual funds a joint venture mixed-use development; The Praedium Group and Hamilton Zanze & Company sell a Colorado asset; and HFF closes REO sale of Veranda Park in Orlando, Fla.
Apartment Property Insurance Goes on the Upswing in 2011
A year can make quite a difference, and it has in the National Multi Housing Council’s annual Apartment Cost of Risk Survey. As per the study’s results, the cost to insure apartment properties increased from 2010 to 2011, going up 1 percent.
Today's Deals: ARA Announces $64.5M Portfolio Sale
ARA announces a $64.5 million portfolio sale; Phoenix Realty Group acquires two assets for $65 million; and The Bozzuto Group partners with Giant Food on a $125 million development.
Equity Residential Enters into Billion Dollar Agreement to Acquire Interest
Equity Residential announced it has signed a contract to acquire 26.5 percent ownership interest in Archstone, a privately held owner, operator and developer of multifamily properties. The agreement was for $1.325 billion, in cash.
San Jose Affordable Housing Development Opens Its Doors
Brookwood Terrace Family Apartments, a development of ROEM Corp. and Eden Housing Inc., in collaboration with the city of San Jose, has been completed.
On the Hill: The Post Construction Rule
The EPA is currently developing a proposal that would impose requirements on new developments, redevelopments and MS4s (municipal storm-sewer systems) to reduce the quantity of stormwater runoff.