Senior housing portfolio closes for $602.4M
LOUISVILLE, Ky., Ventas, Inc. (VTR) has completed its acquisition of a portfolio of healthcare and senior housing properties in a transaction with Canada's Reichmann family. The purchase price for 64 assets is $602.4 million. Finalization...
Big deal in the Big Apple
The bidding war for the largest apartment complex in Manhattan is over. The winner of Stuyvestant Town and Peter Cooper Village, built by Metropolitan Life Insurance in the 1940s, is a JV of Tishman...
Courting their kids
While Bill Donges allows that the preferences of a small group of Lane Company interns can hardly be considered the standard for the entire cohort of more than 80 million children of the baby...
Fair housing settlement made to residents with children
SANTA ANA, CALIF. The Fair Housing Council of Orange County has reached a $125,000 settlement in a housing discrimination case against Bertram Management LLC, the company who manages the Stuart Drive/Rose Garden Apartments, a...
His mother’s eyes and his father’s debt
Inter-generational loans will become more common as property prices outpace the rise in salaries. Almost 25 percent of California's borrowers have home loans at 40 year terms. The trend is strengthening as both a...
$630M Military housing privatization project opens first community
The project will include single-family homes, duplexes and triplexes located on the 52-acre site, renovations to over 4,000 existing homes and construction of 1,200 new homes -- a deal between the U.S. Navy and...
Property Bill of Rights passed by House
HR4772 would help ensure due process for property owners when their rights have been violated and their property has been taken. The bill would clear procedural hurdles that affect property owners' access to justice...
Found land
Until a decade ago, only a handful of companies specialized in redeveloping environmentally blighted land, and mostly for commercial and industrial product because of the higher clean-up standards for residential use. Even then, it...
Up in smoke
The resulting fire at the Spanish Gate Apartments burned the entire 59-unit community to the ground. One woman was killed. Another was sent to the hospital in critical condition. All remaining residents were instantly...
Rogue wave
In today's soft housing environment, a company that focuses entirely on development of infill for-sale housing with a strong emphasis on condos may appear contrarian. But take a closer look at Silverstone's strategy and...
God goes to college
Time. Newsweek. Even Katie Couric has completed a segment that's being readied for airing. Here's what all the talk is about: faith-based student housing. It's a story that really begins in the unlikely town of...
Educating e-boomers
And, thanks to the support of the three-year-old Georgia Apartment Industry Education Foundation (GAIEF), many of them are receiving university-level instruction in the Peachtree State to better prepare them for jobs in the rental...
The big chill
United Dominion Realty Trust plans to save a cool $12 to $18 million by keeping ahead of new law regulating air conditioning equipment efficiency. Anticipating an increase in U.S. Department of Energy standards for...
The lonely life of a 3 bedroom
The top-floor condominium at Dawson and Morgan streets in Raleigh seems to have it all: Brazilian cherry floors, granite counters, a balcony with a skyline view. It also has three bedrooms, and that could be...
From Ground Zero of the housing bust
The home next to it just went up for sale, too. So did the house two units down on the other side and the sign says "For Sale by Owner." Is that all? Hardly. Two...
