The apartment industry has long been painted as one that’s afraid of change and reluctant to embrace new ways of doing things. That may have been true in the past, but when I look at multifamily today and the MICA session lineup, I see an industry brimming with ingenuity and an entrepreneurial spirit. Across the country, investors, operators and supplier partners…
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SCOTTSDALE, AZ – Harbor Group International, a privately-owned international real estate investment and management firm, announced its purchase of Luxe Scottsdale, a 218-unit, mid-rise style apartment community in Scottsdale, Ariz., for $65.5 million. HGI plans to contribute approximately $418,000 to the property to improve curb appeal, modernize common area amenities and add technology packages to…
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Whether you’re starting in a new role or facing challenges in your current one, everyone has moments where they might question their abilities. Building your confidence at work can go a long way to helping you be successful in your job. It’s also the difference between career advancement and stagnation. If you show confidence…
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Inventory and months’ supply are both indicators of housing supply. How do they affect the real estate market?
SARASOTA, FL – The Praedium Group, a New York based national real estate investment firm, announced the acquisition of Oasis at Sarasota in Sarasota, FL. Chris Hughes, Principal of The Praedium Group, announced the investment firm’s most recent acquisition. Oasis at Sarasota was constructed in 2019; it consists of twelve 3-story garden style buildings and…
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The dollar volume of land sales and land prices per acre rose across all land types during the 12-month period of October 2018–September 2019.
Apartment operators can be a cautious group. They often are slow to embrace new technologies and new processes. But when it comes to smart home solutions, the time has come for multifamily owners and managers to embrace the new era. The reasons for doing so are powerful. Put simply, residents like them – and they…
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DALLAS, TX – Transcontinental Realty Investors, a Dallas based real estate investment company, announced that Dominion at Mercer Crossing Apartments are complete and currently in lease-up. TCI affiliate Abode Properties Services is providing asset management guidance for this class A property located at Mercer Crossing in Farmers Branch, Texas, located near TCI-developed Lakeside Lofts. The…
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Survey respondents reported commercial dollar sales volume rose 4% in 2019 Q4 from one year ago, new leasing dollar volume rose 3%, and commercial development (in square feet) rose 5%.
Each of the four major regions reported a drop in month-over-month contract activity, with the South experiencing the steepest fall.
