Latest failed test of rent control: Berlin
Rent control may be making a comeback in the U.S., but the controversial policy had an unceremonious ending in Berlin barely a year after going into effect. “A controversial rent cap to control soaring rents...
$20 million apartment asset in the Okanagan Valley region of British Columbia sold by...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Lake Country Lofts, a 71-unit apartment property in Lake Country, British Columbia. The property sold for $20 million, which equates...
Marcus & Millichap’s Institutional Property Advisors division continues expansion with addition of Edmonton-based multifamily...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced that Bradley Gingerich, Paul Chaput, Bradyn Arth, and Jane Woertman, an established team of Edmonton-based multifamily investment advisors have joined IPA. Formerly with...
Living as a service
Allen is head of the outreach and public affairs department of Agoda.com, the Asia-based subsidiary of Booking Holding. He also notes that several other waves of transformation are on the way. The advent and rapid...
Property professionals see former retail premises as biggest untapped resource for new residential housing...
Two-thirds (66 percent) of property professionals in the UK believe former retail premises could be the biggest untapped resource for new residential development, according to a survey by MRI Software, a global leader in...
CA Ventures grows London-based European division with new executive hire
CA Ventures, a U.S. real estate investment holding company, today announced an executive appointment in the firm’s new European headquarters, located in London’s Marylebone neighborhood. Christian Davis will serve as vice president of acquisitions,...
HUD and US Virgin Islands sign $243 million disaster recovery grant agreement
U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Pamela Hughes Patenaude and the U.S. Virgin Island's Governor Kenneth Mapp today announced the formal execution of a $243 million grant agreement to help...
Marcus & Millichap hires Thierry Lessoil to lead newly launched Montreal office
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has named Thierry Lessoil regional manager of the firm’s Montreal, Canada office. Lessoil has 30...
Marcus & Millichap expands into Montreal by acquiring McGill Commercial
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the expansion of its Canadian presence with the acquisition of McGill Commercial, an...
Greystar invades the U.K.
Allianz is acquiring an interest in Chapter alongside PSP Investments and Greystar’s current stake. This new partnership supports an expansion program targeting 10,000 student beds and doubling the size of the portfolio within five...
On the mark
Foreign investors, along with core, core-plus and open-end real estate funds, are moving into multifamily investments because of demographic trends. Young and older Americans are preferring to rent apartments rather than buy homes. While...
Morgan Newfield says PBOC could raise interest rates this month
China’s central bank will likely need to react to an anticipated increase in US interest rates later in March. Analysts at Taipei, Taiwan based investment house, Morgan Newfield, say that it is widely expected the...
Oakwood expands “Oakwood Apartments” portfolio of branded properties
Oakwood Worldwide, the global leader in furnished and serviced apartments, is rapidly growing its portfolio of Oakwood Apartments branded properties in Asia with the portfolio’s total inventory expected to nearly double to a total...
CA Ventures plans $500 million investment in European housing
Chicago-based CA Ventures today announced plans to invest $500 million over the next five years in the European housing market, specifically across the purpose-built student housing and multifamily apartment sectors. A vertically integrated owner, developer and operator of apartments spanning all adult life stages, CA Ventures has a $6.7 billion portfolio...
