The hottest U.S. real estate market: Washington, D.C
"Our spring market has taken off quite early," said Schwartz. "We've reached that stable point where we're out of a buyer's market." The nation's capital has been a leader when it comes to real estate. While...
JPI Multifamily Partners shedding D.C. apartments
JPI Mulifamily Partners LLC has an offer to sell its 909 at Capitol Yards at 909 New Jersey Avenue SE for about $95.4 million to a pension fund managed by JPMorgan Chase Bank N.A.,...
Thousands of new apartments in works across Charlotte, N.C.
The development is part of a much larger trend across the city. More than 1,000 apartment units are under construction currently and thousands more are in the works. Along 7th Street, dozens of homes are...
Greenville, S.C. renters to see flood of new apartments
No fewer than seven new complexes are under construction or planned, and if they all get built, the existing supply will grow by nearly 1,200 units. That's much more than Greenville has seen in recent...
Bozzuto takes a Giant leap
Cathedral Commons is a $125 million, two-block, mixed-use development that will include 137 apartment units and eight townhomes, more than 500 parking spaces, and 128,000 square feet of retail anchored by Giant Food, the...
Tempest-tossed in Tuscaloosa
"Not one square inch of the property was untouched," said Lane Company Regional VP Ashley Monroe, who traveled from her home in Atlanta on April 28, the day after a deadly tornado raged through,...
Let the sun shine
Alliance Residential, which opened its first regional office in Sunshine State just before the economy took a dive, is seeing some serious development activity after several years of patiently waiting for the battered market...
Maxwell Drever’s back in buy mode
"Clearwater ghost comes back to life," a local business journal declared above a story about Concierge Asset Management's purchase at the beginning of July of a long-dark condo tower in the economically troubled city...
Capitol gains
"The market there has been relatively steady, certainly relative to other markets in the U.S. that have seen a lot more volatility," said Alliance Residential CFO Jay Hiemenz in early May, a couple of...
Hotlanta chill
The bad news is the market dropped three places down to 42 out of 44 in Marcus & Millichap's 2010 multifamily National Apartment Index, coming in just ahead of Las Vegas and Jacksonville, Fla....
Changing lanes
Most recently, the vertically-integrated, full-service multifamily real estate firm created a new position, president of the company, and hired real estate veteran Cindy Pfeifer to fill the post of president and COO. Pfeifer, who...
Living on the line
The project is a major step toward revitalizing a mostly industrial neighborhood that has been overlooked by developers for years, partly because of the inordinate amount of time required to change zoning, said Victoria...
Katrina up close
Katherine Gibson made a spontaneous decision to volunteer for rescue efforts after Katrina hit New Orleans. Exactly one week after the hurricane struck she was on the spot. Moved by the plight of people...
