Operations & Technology
‘What Renters Want’ with Jessica Fiur: The Oldest Real Estate Trick in the Book
There are several ways to stir up excitement about an apartment.
$238 Million Uplands Residential Community Opens In Baltimore
Uplands, a new, $238 million residential community located in Baltimore, oficially opened its gates to the public on Monday, June 3.
APARTMENT MARKET STATISTICS: June 2013
Bank lending increased across the board for multifamily properties and income-producing commercial real estate, according to Chandan Economics. Overall, the recent permit numbers have been strong enough to support a five-plus starts rate in range of 285,000 over the next couple of months, stated the National Association of Home Builders.
APARTMENT MARKET STATISTICS: May 2013
The prices of multifamily housing shot up to an average of $115,954 per unit in the fourth quarter, according to CoStar/PPR. Marcus and Millichap’s statistics for the nation’s top apartment markets show average rent increase of 3.0 percent in the fourth quarter.
Kennedy Wilson Buys East Valley M-F Complex for $61.8 Million
A Salt Lake City apartment community was recently acquired by an international real estate investment and services firm. Kennedy Wilson has paid a fee of around $61.8 million for the Foothill Place Apartments complex and has secured a financing deal with Berkeley Point Capital LLC in order to complete the acquisition. KW has invested $15 million of private equity in the transaction and for the balance of the purchase with Berkeley, along with the $49.7 million loan provided by Berkeley.
Auction.com Tops Housingwire’s Top 50 Real Estate Tech Companies List
Auction.com, an online real estate marketplace, has been recognized by HousingWire Magazine as a member of its first-ever list of the top 50 companies in real estate technology.
Trident Sustainability Group Announces Affordable Community Earthcraft House and Community Certified
The Harmony Green Townhome Apartments, located in Pooler, Ga., are now Earthcraft House and Community certified, according to Trident Sustainability Group, the LEED consultant for the project.
Residents Moving into Fully Photovoltaic Apartments in San Diego
The first of four buildings in the 114-unit Solterra EcoLuxury Apartments has been completed, and residents are starting to move in. The first building of the fully photovoltaic property in the San Diego neighborhood of Scripps Ranch is now 80 percent leased, according to developer H.G. Fenton.
USGBC to Offer Free LEED Certification to Groundbreaking Projects in New Markets
In an effort to accelerate sustainable development around the world, the U.S. Green Building Council (USGBC), creators of the LEED green building program, announced a new campaign offering free LEED certification to the first projects to certify in the 112 countries where LEED has yet to take root.