West
ADC Secures Financing for West L.A. Multifamily Property
ADC Realty Group has obtained financing for site acquisition and construction of an apartment property in West Los Angeles on the current site of a rental car location.
Yardi Acquires ista North America's Multifamily Services Group
Yardi has acquired ista North America’s Multifamily Services Group, a supplier of energy and water metering, billing and management services.
Affordable Seniors Housing Opens in Riverside
The 224-unit Vintage at Snowberry Apartment Homes, an affordable seniors housing project in Riverside, has opened fully leased.
$131 Million Military Housing Named Project of the Year
The American Public Works Association, San Diego/Imperial Chapter, has recently named The Bachelor Enlisted Quarters (BEQ) at Camp Pendleton, a $131 million property, as its 2012 Project of the Year.
MARKET SNAPSHOT: Salt Lake City Outpaces Nation in Employment, Occupancy
Salt Lake City sported one of the lowest metropolitan unemployment rates in the nation at the beginning of 2012–at 6.5 percent, down from 6.9 percent in 2011.
New Development Breaks Ground in Ballpark District
Alliance Residential has begun construction on Broadstone Blake Street, a six-story, 164-unit luxury apartment community, located in the heart of Coors Field, bordering the Lodo District in downtown Denver.
New Community Design Evokes Resort Feel
NMS, a Los Angeles-based development company, has started construction on a $50 million multifamily community at La Cienega Boulevard in Beverly Hills, Calif.
SoCal Apartment Project Gets $26M in Funding From Canyon-Johnson
GLJ Partners has obtained $26 million in joint venture equity from the Canyon-Johnson Urban Fund for the acquisition of a 15-acre development site.
MARKET SNAPSHOT: Lack of Construction in Portland to Send Vacancy Rates to Historic Lows
As the next building cycle for the Portland area is still another year out, vacancy rates are expected to fall to historic lows across the metro.
SPECIAL REPORT: AIM Conference Discusses How to Manage Ratings
At the 2012 Apartment Internet Marketing conference in Phoenix, panelists discussed the importance of Internet ratings for multifamily communities.