Harrison Street Real Estate Capital Sells Three Student Housing Communities
Harrison Street Real Estate Capital LLC, a Chicago-based real estate private equity firm, has sold its entire interest in three student housing communities, totaling a combined 528 units and 1,488 beds, to Campus Crest Communities Inc....
At last! Apartment Investors Are Making Deals as Fundamentals Impress Analysts
It was the decreasing incentives offered by apartment managers in Broward County, Fla., that first caught Stephen Zaleski’s attention....
Are Apartment REITs Overheating?
A rebound in apartment demand has propelled the stock prices of multifamily real estate investment trusts (REITs), making them some of the best performing companies in the market. ...
HUD Lending Gains Clout as Government-backed Capital Fills Void
It can take months, perhaps even a year, to obtain a multifamily loan from the Department of Housing and Urban Development (HUD). Is it worth it? While some borrowers don’t have the patience, more borrowers than ever are saying “yes.”...
Khouri Takes Up Management Helm
In 1985, Laura Khouri answered an ad in the newspaper for a file clerk. Twenty-five years later she is a division president for Western National Group,...
Apartment Broker Conquers Formidable Share of Market
When Mary Ann King, president of Chicago-based Moran & Co., describes the way the apartment brokerage she built with owner Tom Moran outpaces the sales...
Jury Awards Shopping Center Owner $1.6 Million in N.J. Eminent Domain Case
Property owners may not be able to prevent a government entity from seizing their real estate for public use, but a New Jersey case demonstrates how commercial landlords across the country could be fully compensated for damages after land is taken through the power of eminent domain....
Wherefore Art Thou, Distress?
By now, most commercial real estate pros are thinking the same thing – whatever happened to that 100-foot high wall of water (aka tsunami) that was to wash through the industry and cleanse the bad properties from the system? For pennies on the dollar?...
Las Vegas Apartment Market Still Reeling, Trepp Data Shows
While the Las Vegas housing market continues to get pummeled by a wave of foreclosure activity — a trend compounded by a double-digit unemployment rate — the local apartment market is confronting its own crisis....
Apartments, Hotels Hit Hard as CMBS Delinquency Rate Sets Record at 8.9%
The delinquency rate for loans held in commercial mortgage-backed securities (CMBS) shot up 21 basis points in August to a record high of 8.92%, according to a report just released by researcher Trepp LLC. ...
Serenade Apartment Community in Southern California Sells for $81.5 Million
In a three-way venture, Kennedy Wilson, RECP/Urban Partners and Capri Capital Partners LLC have acquired Serenade, a 400-unit apartment community in Oxnard, Calif. for $81.5 million. ...
Inland Empire Makes Strides as Multifamily Market Improves
New hiring is expected to lead to a decrease in apartment vacancies in California’s Inland Empire this year, making it the area’s first annual vacancy improvement since 2004, according to real estate services firm Marcus & Millichap....
Apartments and Offices Score in Second Quarter
Real Estate Research Corporation’s (RERC’s) investment conditions ratings for the institutional apartment and central business district (CBD) office sectors each jumped a full point during second quarter 2010, making them the two highest-rated property types that RERC surveys....
San Diego Distress Specialist Douglas Wilson Named Receiver for Vue Condo Tower
Douglas Wilson, owner and CEO of the Douglas Wilson Cos., has been appointed receiver for Vue, a 318-unit, 15-story luxury condominium tower on the waterfront in San Pedro, Calif....
Investors Covet Affordable Housing
After spending the past two years scrambling to find financing for affordable housing projects, developers are welcoming the return of investors for their...
Second-Quarter Loan Originations Flat Year Over Year, Says MBA
Commercial and multifamily mortgage loan originations in the second quarter were 1% higher than the same period a year ago and 35% higher than the first quarter, according to MBA...
J.I. Kislak Unveils Multifamily Acquisition Strategy in Sunbelt States
Real estate investment company J.I. Kislak Inc. today announced plans to deploy $200 million to acquire multifamily properties with 150 or more units, including “broken” condominium projects, in Arizona, Florida, Texas and across the Sunbelt states. ...
Dallas High-Rise Condos Sell at Auction
The Metropolitan, a high-rise condominium in Dallas, has sold all 35 of its residences for more than a combined $6 million. Auctioneer REDC oversaw the sale before 400 attendees at the Downtown Sheraton Dallas. ...
Phoenix Apartments Sell for $45 million as Market Shows Improving Health
With a spate of big-ticket sales, the apartment market is rumbling out of the economic chasm that captured transactions nationwide over the past two years. ...
Survey: Social Media Slow to Catch On with Apartment Residents
It seems everyone’s connected through social media these days. But a recently released survey finds that more than nine in 10 conventional apartment residents (persons who don’t reside in student housing) haven’t visited any apartment community’s social networking website this year. ...
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