West
Landmark Properties Bringing Cottage Development for University of Arizona Students
Landmark Properties has teamed with Harrison Street Real Estate Capital in constructing nearly $400 million in student housing in eight developments. Their ninth collaboration will be a 774-bed student cottage development at the University of Arizona.
MARKET SNAPSHOT: Fort Carson Expansion to Bring Jobs, Rental Occupancy to Colorado Springs
Fort Carson, a 137,000-acre U.S. Army Base in Colorado Springs, will see the addition of a 2,700-soldier aviation brigade by 2013, raising the total GI population of the base to around 30,000, according to Hendricks & Partners.
New Affordable Community Offers Environmental Benefits
KTGY Group Inc., Architecture + Planning, has announced the opening of a green affordable community called The Crossings on 29th Street in South Los Angeles.
MARKET SNAPSHOT: Las Vegas Recovers Select Jobs, Increasing Multifamily Sales
Multifamily sales in the Las Vegas metro area increased by 59.6 percent between the third quarters of 2010 and 2011, this in concurrence with the overall unemployment rate dropping from 15.5 percent to 14.2 percent.
CityView Closes on First Community in its $300 Million Fund
CityView has closed on its first asset from the Bay Area Fund–a $300 million fund that will be used to invest in Bay Area, Calif., multifamily communities.
A New Take on Affordable Housing
The term “luxury” isn’t the first word you think of when you hear “affordable housing,” but NMS Properties is looking to change this with their Luxe @ Broadway apartments.
Spirit Investment, Bascom Team Up for Shopping Spree
Spirit Investment Partners LLC and The Bascom Group LLC have teamed up to form a joint venture, Spirit Bascom Ventures LLC, for the purpose of acquiring value-add multifamily properties in the eastern region of the country.
What's Old is New Again: Value-Add Capital Program Aims to Modernize Community Interiors
CBRE Global Investors has purchased Heritage Creek, a 324-unit garden-style apartment community built in the ’90s, and it plans to initiate a value-add capital program to modernize the interiors.
Marcus & Millichap Report Predicts Strongest Year Yet for Rental Market
2011 proved to be a good year for multifamily, according to Marcus & Millichap’s 2012 National Apartment Report. And this is predicted to continue for 2012.
Colliers Launches Student Housing Group
Colliers International plans to capitalize on growing demand in the student housing market with the creation of its National Student Housing Group.