Office-to-apartment conversions gather steam
Office-to-apartment conversions gather steam as developers seek adaptive reuse as a way to fix pandemic-related problems in the office market. Adaptive reuse of office buildings has become so popular, CoStar dubbed 2023...
Stepp Commercial completes $12.55 million sale of Parc Regency, a 44-unit apartment property in...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $12.55 million sale of Park Regency, a two-story 44-unit apartment property located at 7500 Mason Avenue in Winnetka, CA....
Institutional Property Advisors closes 186-unit apartment property sale in West Hartford Connecticut
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Westgate Apartments, a 186-unit multifamily property in West Hartford, Connecticut.
“West Hartford’s combination of small-town atmosphere and urban intensity makes it...
20-year industry veteran, Gila R. Cohen, joins Castle Lanterra as a managing partner
Castle Lanterra Properties (CLP) has appointed Gila Cohen as Managing Partner. In her new role, Cohen will focus on leading the firm’s corporate strategy, mergers and acquisitions, and private placement efforts.
Cohen brings to CLP...
The Michaels Organization Hosts Ribbon Cutting for New Affordable Multifamily Community Sagebrush Apartments in...
Fort Lupton Mayor Zo Hubbard yesterday joined executives from The Michaels Organization, the Colorado Housing and Finance Agency, and the Colorado Department of Local Affairs, as well as Fort Lupton residents to celebrate the...
NAHB now accepting Pillars Awards applications
Since 1990, the National Association of Homebuilders (NAHB) has sponsored the Pillars of the Industry Awards to recognize excellence in apartment and condominium design and development, interior merchandising and superior property management and marketing. The Pillars...
Residential construction spending mixed in March
The Census Bureau’s report on construction spending shows that the value of residential construction put in place in March was up 1.7 percent from February’s level despite a small drop in the multifamily category....
HUD announces cross-agency efforts to increase affordable housing supply
The Department of Housing and Urban Development (HUD) on Wednesday announced a series of actions it is taking as part of the Biden-Harris Administration’s plan to create, preserve, and sell nearly 100,000 additional affordable homes for homeowners and renters across the country over the...
Ryan Companies hires Marcy Phillips as vice president of real estate development
Ryan Companies US, Inc. has named Marcy Phillips its new Vice President of Real Estate Development, out of its Austin location. Phillips started at Ryan Companies mid-April to oversee its Multifamily sector in the...
Fannie Mae sees slower economic growth ahead
Fannie Mae’s July economic and housing forecasts predict negative GDP growth in Q2 2022 and a recession in early 2023. The slowdown in economic growth is also expected to be felt in housing construction...
Related Midwest marks installation of final steel beam at One Bennett Park in Downtown...
Developer Related Midwest and general contractor Lendlease this week marked the completion of structural steel work at One Bennett Park, Related’s ultra-luxury residential development at 451 E. Grand Ave. in Chicago’s Streeterville neighborhood. Designed...
Institutional Property Advisors closes $61 million multifamily asset sale in Greater Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana Encanto, a 286-unit attainable housing asset in Goodyear, Arizona. The $61 million sale price represents $213,287 per unit and $354 per square...
Residents are Moving into New Kennedy Wilson Master-Planned Residential Community Anacapa Canyon in Camarillo...
Anacapa Canyon, a new master-planned community developed by Kennedy Wilson in Camarillo, has been completed with the first residents moving in.
The newly built community represents a unique public-private partnership with California State University Channel...
HUD Secretary Carson launches new financial controls to enhance department’s fiscal strength and integrity
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new measures to protect the financial integrity of the agency and correct lax internal processes and controls. Secretary Carson directed HUD’s...
Institutional Property Advisors closes two Phoenix multifamily asset sales
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sales of The District at Fiesta Park, a 321-unit multifamily asset in Mesa and Arcadia on 49th, a 192-unit multifamily asset in...
