Nine Las Vegas senior apartment communities sell for $243.5M
LAS VEGAS Orion Residential of Chicago spent $243.5 million to acquire nine Carefree communities totaling 2,219 units.
Excluded from the deal, which closed in July, were Carefree's Willows development under construction in Summerlin and a...
$82M deal reflects hot market
CHARLOTTE, NC Autumn Park in Charlotte traded hands for $48.9 million and the Lincoln Green Apartments in Greensboro traded for $33.75 million.
Dean Smith of Apartment Realty Advisors' North Carolina office, represented the sellers in...
The 5 second commute
LA QUINTA, CA The live/work concept is gaining steam in California, especially in urban areas where higher density for-sale housing is being developed. Now the idea of living and working in the same place...
Market pulse
The latest reports from industry associations and the annual report on the state of the nation's housing from the Joint Center for Housing Studies at Harvard University all point to a strengthening apartment market...
No more free rent
Debt percentage relative to income during this period rose even more. To make matters worse, bankruptcies among these households are rising
steeply.
Christian Weller, author of this gloomy prognosis, predicts that the situation may only get...
The golden employee
Multihousing professionals are educated and trained to calculate and project Return on Investment, services and a whole host of other items every day. But what is a good return on an employee?
An employee costs...
Downsize your life
The condo glut in some markets could soon turn into a blessing for owners looking to sell and buyers trying to land their first home, if a forecast from the Urban Land Institute (ULI)...
What keeps owners up at night?
Residents who cause a fire in their apartment, or are impacted by a fire in a nearby apartment, will likely not have the resources to cover the damage or even remain in the community....
MetLife puts its MH on the block
Last year, it sold the MetLife Building at 200 Park Avenue, a 58-story, 2.8 million square-foot office tower, for $1.72 billion, the highest recorded price for an office building in America.
MetLife will set another...
The tempest
It should be glorious to be Bill Gray, professor emeritus. He is often called the world's most famous hurricane expert. He's the guy who, every year, predicts the number of hurricanes that will form...
In the money
The website CondoFlip.com, launched as a listing site for flipping pre-construction and converted condos, boasts bubbles are for bathtubs. But today's condo market is becoming quite frothy and sharks have caught the scent of...
Elements of surprise
Henry Shane will never forget the challenges he faced after Hurricane Katrina ravaged the Gulf Coast last year.
Shane, co-owner of Metairie-based 1st Lake Properties, the largest multifamily owner in Louisiana, had a disaster plan...
The game of risk
The AIA, which represents approximately 400 major insurance companies that provide all lines of property and casualty insurance and write more than $120 billion annually in premiums, published an agenda that contains specific steps...
