Four months free rent, free washers and dryers, free health club memberships and waived application fees. These are just some of the lures that owners are using to fill their apartments these days. But occupancy rates are still down sharply and...
It's not exactly the bursting of the dot-com bubble, but the seniors housing business is suffering from the excesses of the 1990s. Fueled by an influx of investment from Wall Street, there was rampant overbuilding of housing for retirees and the...
TAKING A STROLL THROUGH the heart of Miami's downtown business district after sundown in search of a bite to eat or a bit of jazz can be an exercise in futility. You'd save time by swimming across the bay to Miami Beach, where tourists and locals...
Expanding its presence in the Boston market, Denver-based Apartment Investment and Management Co. (Aimco) has acquired 11 garden and mid-rise apartment properties for $500 million from New England developer Thomas J. Flatley. With the purchase...
Paric Corp., based in O’Fallon, Mo., has started construction on The Willows at Brooking Park, a $60 million luxury retirement community in Chesterfield, Mo. Phase one of the project — expected to open in mid-2003 — will include two buildings with...
The Los Angeles Community Redevelopment Agency has given a $125 million mixed-use redevelopment plan the go-ahead, and agreed to allocate $42.2 million to support the project in one of South Los Angeles’ most neglected areas...
It's never easy to step into the shoes of a CEO who has long been an industry icon. But the job becomes far more difficult when the company is caught in the downdraft of a soft market that has bogged down financial performance...
Atlanta-based Southeast Capital Partners Inc. (SECP) and a northeastern opportunity fund have teamed up to form SE Apartment Investors I LLC — a $400 million fund that will purchase and develop apartment complexes in the Atlanta, Nashville...
A new report by the Millennial Housing Commission confirms what advocates of affordable housing have claimed: More Americans are finding it impossible to find affordable housing. The group, commissioned by Congress, finished its 17-month...
