Regions
Multifamily Technology Advancements: A Look at RW Zukin
In the past, the multifamily industry was notoriously slow to adapt new technologies. However real estate firm RW Zukin is utilizing resident technology to advance their portfolio.
TODAY’S DEALS: Senior Housing Properties Trust Agrees to $478M Purchase
Senior Housing Properties Trust announces a $478 million purchase; Boston Capital invests in an affordable development in Virginia; and Essex Realty Group brokers the sale of a walk-up building for $1.1 million.
Multi-Housing Projects Could Mean Green Card for Investors
A standard multi-housing development may or may not help an investor stay in the United States, if only a few jobs are created.
Could the FHFA’s Possible Lawsuit Against U.S. Banks Affect the Multi-Housing Industry?
The FHFA, the federal agency that oversees Fannie Mae and Freddie Mac, is looking to file a lawsuit against more than a dozen big U.S. banks. The suit will accuse the banks of misrepresenting the quality of mortgage securities they sold before the housing crisis.
Multifamily and Commercial Real Estate: Tale of Two Sectors
The multifamily sector of the real estate industry is experiencing a recovery, and is poised to register increases in average rents. However, commercial real estate vacancy rates are flat, and lackluster economic growth is likely to keep growth modest.
TODAY’S DEALS: UDR Completes $325M Purchase
The Moinian Group closes the sale of 95 Wall to UDR Inc.; Carrfour buys an affordable housing community in Miami; and NAI Tampa Bay closes multifamily development sites.
Multifamily High-Rises Now Eligible for Energy Star
Washington, D.C.–When it comes to the U.S. Environmental Protection Agency’s Energy Star, a highly coveted green stamp of approval, multifamily high-rises are now on equal footing with low-rise multifamily structures and single-family homes.
Wythe Confectionery Apartments Completed in Brooklyn
New York–Caro Enterprises has completed work on the 69-unit Wythe Confectionery apartment property (390 Wythe Ave.) in the Williamsburg neighborhood of Brooklyn. The project, which originally started as condos, is an adaptive reuse of a former factory.
TODAY’S DEALS: Karlin Real Estate Purchases 304-Unit Community in Orlando
Karlin Real Estate buys a 304-unit community in Orlando; Marcus & Millichap brokers the sale of a nine-unit property for $3.4 million; and Chozick completes a $4.4 million sale of an 1970s apartment.
Harbor Group Expands Apartment Management Portfolio
Harbor Group Management Co. has taken over the property management business of Great Atlantic Management. Great Atlantic’s portfolio of 21 properties includes 3,880 apartment units and about 116,000 square feet of commercial space in Virginia.