West
MARKET SNAPSHOT: With Supply in Check, Denver Remains Optimistic about Absorption
Denver never had the run-up that other markets in the mountain area, such as Phoenix and Las Vegas, had, but the city delivered about 18,000 units between 2001 and 2002, at the same time that it lost a lot of jobs, which contributed to a huge influx of supply.
DEAL OF THE DAY: Colliers Directs MF Sale in LA at 3.78% Cap Rate
Colliers International directed the sale of an eight-unit apartment building
Arjun Nagarkatti Is New President of AMCAL
AMCAL Multi-Housing Inc. recently promoted Arjun Nagarkatti to president.
MARKET SNAPSHOT: Condo Prices in San Francisco on the Rise
The San Francisco condo market is running out of inventory, according to Alan Mark, founder and president, The Mark Company, a San Francisco-based residential sales and marketing firm, who also predicts that there won’t be any new inventory under $1 million by the end of the year.
Rentbits.com Acquires ApartmentFrog.com
Rental search engine rentbits.com has acquired ApartmentFrog.com, an apartment search site, for an undisclosed price.
DEAL OF THE DAY: NBS Financial Secures $3.75M in Fannie Mae Financing through Walker & Dunlop
NBS Financial Services Executive Vice President Mike Wood has secured $3.75 million in refinancing for the Park at Auburn Apartments, an 83-unit apartment complex in Auburn, Wash., that was built in 1981.
Why 2010 Is The Year of Property Management
As banks become accidental multifamily property landlords more than ever before through foreclosure and other unfortunate economic events, third-party property management is stepping in to be of service. Even in a recession, someone’s going to make money, and multifamily property managers want it to be them.
A Walkable Community Comes to Irvine
A section of The Park, a sister residential project to the Village at Irvine Spectrum, is now open for leasing. The project is designed by MVE & Partners to be a high-density walkable community in an area and state where cars the primary mode of transport for most people.
MyNewPlace Launches Listing, Syndication Service
MyNewPlace has launched RentEngine, an integrated listing tool and syndication service designed to maximize a community’s online marketing through systematic listing, posting, tracking and reporting capabilities.
DEAL OF THE DAY: Hendricks & Partners Brokers $325.91/Ft. All-Cash Sale by Bank of Ocean Front Parking Lot for Condo Development
Hendricks & Partners participated in the sale of an ocean front site, located at 305-309 South Ocean Front Walk in Venice, Calif. The ocean front property sold for full price and closed all-cash in 16 business days.