Indianapolis —Locally based Ardizzone Enterprises, Inc., has agreed to pay $80.2 million for a portfolio of five apartment properties here from Apartment Investment and Management Co. (Aimco). More
Strong economic growth is driving multifamily builders, who are expected to bring about 3,500 apartments to the Seattle region this year, up from 2,500 units in 2007, according to Marcus & Millichap Real Estate Investment Services. More
Naperville, Ill. —A fund managed by Hartford, Conn.-based UBS has acquired Thornberry Woods, a 280-unit complex in this Chicago suburb for $39.2 million. More
Des Moines—A booming submarket in West Des Moines and strong occupancies in the city center will ensure a steady 2008 for Iowa’s capital city. More
New York City—On the Far West Side of Manhattan, a vast stretch of old warehouses and defunct railyards is about to turn into an extension of Midtown. More
The new jobs and residents Dallas-Fort Worth has gained since 2003 are finally making a difference in the Metroplex’s multifamily market. More
Detroit – GMAC Commercial Holding Corp. (GMACCH), which was recently acquired by an investor group, has changed its name to Capmark Financial Group, Inc. The name change is being made effective in the second quarter of this year. More
San Antonio, Texas – Accustomed to this city’s steady, sometimes sluggish, apartment market, local multifamily experts have been taken aback by the tremendous amount of new units that are under construction or in the pipeline. More
Eldersburg, Md. – Bulls Capital Partners, LLC, announced in March that it had provided an $8.9 million Fannie Mae loan for Rachuba Group’s 134-unit Piney Ridge Apartments here in Carroll County near Baltimore. More
Seven months after the building opened in February 2003, the Summit Roosevelt was... More