Operations & Technology
Hill & Wilkinson Awarded Dallas Mixed-Use Construction Contract
Lincoln Property Co. awards Hill & Wilkinson with a $38.6 million construction contract for Lincoln Knox Apartments, a six-story, 165-unit luxury infill apartment development in Dallas.
Atlantic | Pacific Companies Acquires Class A Asset in San Marcos, Texas
Atlantic | Pacific Companies has added another Class A asset to its portfolio with the purchase of The Palazzo, a 300-unit garden-style apartment located in San Marcos, Texas.
The Aspen Cos. Purchases Three Affordable Assets in Georgia
New Jersey-based The Aspen Cos. has picked up a trio of affordable housing communities for slightly more than $9 million. The move adds more than 300 units to its expanding portfolio in the Southeast.
Luxury TF Cornerstone Condo in L.I.C. Reaches Full Occupancy
The View, a luxury condo in the Queens neighborhood of Long Island City, has reached 100 percent occupancy. Modern Spaces handled sales.
APARTMENT MARKET STATISTICS: January 2014
Returns from multifamily property investments fell in the third quarter of 2013, according to the National Council of Real Estate Fiduciaries. Returns from commercial real estate as a whole, however, increased to 2.57 percent.
Perspective: The Military Housing Privatization Initiative is at Risk
Federal budget cuts could reduce housing allowances for military personnel, affecting apartment firms with boots on the ground in those communities.
MHN Interview: Steven South, IIDA, LEED AP, Resident Futurist at Perkins+Will
Perkins+Will’s resident futurist keeps an eye on augmented reality and other emerging trends
Trade Street Residential Pays $44M for Memphis Luxury Apartments
Florida-based Trade Street Residential Inc. has announced the acquisition of the 330-unit Miller Creek at Germantown luxury apartment community for $43.8 million from LIV Development LLC—formerly known as Red Mountain Development.
LandSouth Construction Begins Projects in Tennessee, Florida
LandSouth Construction, a general contractor that focuses on multifamily developments, has begun building two new projects. They are Integra Preserve, an upscale apartment community in Collegedale, Tenn.; and American House, a senior living community in Bonita Springs, Fla.
Public-Private Partnership Brings 878 Student Housing Beds and 110KSF Office Building to Columbia
Student housing continues to enjoy an upswing in South Carolina, with Columbia being at the foremost of student housing activity. And a new public-private partnership between the University of South Carolina (USC) and Atlanta-based Holder Properties will spice things further up.