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Two-part Sale of Affordable Housing Company
Jun 10, 2008
Avanath Capital Partners, an Irvine, Calif.-based real estate investment firm, and MacFarlane Costa Housing Partners have acquired Simpson Housing Solutions and its portfolio of 273 properties. ...
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Reclaiming the Waterfront
Jun 1, 2008
A hundred builders had already taken a pass on reviving the forsaken RCA Victor building on the Delaware River in Camden, N.J. before Philadelphia developer...
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Multifamily CMBS Delinquencies Rise
May 13, 2008
The delinquency rate on commercial mortgage-backed securities rose to 0.43% at the end of the first quarter, according to Standard & Poor’s, a 27% increase from a delinquency rate of 0.34% at the end of 2007....
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Condo Workouts Breed Innovation
May 1, 2008
In overbuilt residential markets from Las Vegas to Miami, investors with unsold condominiums and their creditors are desperately seeking ways to cover...
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Residential Condo Glut to Worsen
Mar 27, 2008
Developers and owners of residential condominiums for sale in overbuilt markets would be wise to cut their losses and sell before a wave of construction adds another 100,000 units to the national inventory of this year, experts say....
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Multifamily Fund Secures $200 Million
Mar 10, 2008
Irvine, Calif.-based Western National Properties, a member of multifamily firm Western National Group, has held an initial closing of its Western National Realty Fund II, L.P. (Fund II) with over $200 million of equity commitments from “several top-tier institutional investors,” according to CEO Michael K. Hayde....
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Ranks of Apartment Dwellers Increase Dramatically
Mar 5, 2008
More than one million households joined the ranks of renters in the last two years, according to a new report by the National Multi Housing Council, a Washington-based group representing the multifamily rental housing industry. ...
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Housing Crunch in the Big Easy
Mar 1, 2008
Two-and-a-half years after floodwaters surged through New Orleans in the wake of Hurricane Katrina, some 27,000 families are trying to leave government...
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Multifamily Action Kicks Off 2008
Feb 20, 2008
Aside from roller coaster economic news and continued mention of the “R” word, plenty of black ink has also been spilled of late when it comes to news in the nation’s multifamily market....
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Katrina's Unintended Consequences
Feb 1, 2008
After the hurricane that devastated New Orleans, it was Houston's turn. Victims fled to the Texas city in unprecedented numbers. The extraordinary private-public...
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Puttin' on The Ritz
Feb 1, 2008
The Ritz Carlton Residences in Chicago is breaking into a neighborhood traditionally known for luxury retail and high-end office space. And it's not alone....
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Testy Times for Apartment Investors
Jan 1, 2008
A long shadow hangs over the U.S. apartment market at the start of 2008. The combination of a potential supply glut fueled by a growing number of condominiums...
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Luxury Condo Developers Put to the Test
Jan 1, 2008
The gloom in the housing and credit markets is seeping into commercial real estate, challenging the conventional wisdom that luxury condominiums can better...
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Condo Glut Weighs on Apartment Market
Dec 1, 2007
When the housing market falters, the apartment market typically benefits from higher demand. But that hasn't been the case in 2007. Gains in the multifamily...
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Manhattan Apartment Prices Break Record
Nov 27, 2007
The average sale price of a Manhattan apartment building cracked the $500 per sq. ft. mark during the first half of this year, according to a new report...
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Lenders Take a Stand
Nov 1, 2007
Despite the recent disruption to the capital markets, the outlook for the apartment investment market remains positive. New apartment construction is...
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A Subprime Sucker Punch
Nov 1, 2007
Shares in multifamily real estate investment trusts (REITs) have taken a beating of late. Through Oct. 23, apartment REIT shares plunged by 11.9% due...
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Dialing Back on Utility Costs
Nov 1, 2007
When Greystar Real Estate Partners acquired three apartment properties last year in Raleigh-Durham, N.C., the new owner installed submeters in each unit...
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