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DeBartolo Development and Partners Sell Multifamily Community for $39.2 Million

DeBartolo Development, LLC, in partnership with Behringer Harvard Opportunity REIT II, Inc., and Christian Tyler Properties, LLC, announced today they have sold The Palms of Monterrey, a 408-unit, resort-style multifamily community in Ft. Myers, Fla. Newton, Massachusetts-based Churchill Forge Properties, Inc., bought the property for $39.2 million, approximately $96,000 per unit.

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multifamily News Wire

Rancho Cordova Welcomes New Eco-Friendly Apartment Community

The Crossings at New Rancho, the area’s highly anticipated, new affordable apartment community located at 2708 Woodberry Way in Rancho Cordova, CA, opened on...

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Builder Confidence for 55+ Housing Market Ends Q4 on Upswing

Builder confidence in the 55+ housing market for single-family homes rose four points to 18 compared to the same period a year ago, according to the latest National...

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Apartment Industry Continues Recovery

The National Multi Housing Council (NMHC) reported in a press release today that market conditions...

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Weyerhaeuser Introduces TJI Joists with Flak Jacket Protection

Weyerhaeuser has introduced another innovation to its popular Trus Joist® TJI® joist line—Flak Jacket™ protection. Flak Jacket protection includes a...

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Apartment Industry Responds to Obama's REO Initiative

Statement from the National Multi Housing Council (NMHC) and National Apartment Association (NAA) by Cindy Chetti, NMHC Senior Vice President of Government Affairs:...

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Urban Housing Communities Celebrates Grand Opening of Los Angeles Affordable Community

New KTGY-designed Residential Community Offers High Quality, Eco-Friendly Workforce Housing in South Los Angeles

According to...

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Schluter Introduces Low-profile Linear Drain

The new KERDI-LINE drain is an elegant low-profile alternative to traditional shower drains.   This sleek and versatile linear drain is easy to install and...

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New Multifamily Community in Dallas Opens Strong

Alta Henderson, a new apartment development from Wood Partners, has tapped into a robust demand for a community that fuses luxury living with strong relationships in the...

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multifamily Blog Posts

Jessica Musick's picture

As design professionals, we love nothing more than to both appreciate and critique the work of...

David Barisic's picture

In my last blog entry, I discussed a shift towards more precise planning when it...

Jessica Musick's picture

Once a year, the women in my family meet up for a day of shopping at a predetermined location...

Chris Evans's picture

With the foreclosure rate at a record 4.63% in the fourth quarter, thousands of homeowners...

Alan Scales's picture

It’s not the devil, but the density, that’s in the details.

Benjamin Kasdan's picture

Perhaps some projects would be more sustainable to have not been built at all.

Alan Scales's picture

In today’s economic climate we are seeing multifamily trends leading us to provide...

Mike Silvey's picture

Should you consider building a TOD? Transit-oriented developments have been around for more...

multifamily Articles

November 8th, 2011

On a crisp, Sunday morning in March 2010, a long line of visitors gathered outside the latest development project of Boston-based developer New Boston Ventures. It was the project’s first open house, and the mood that day was electric. Organizers had scheduled the event to start at 10:00 a.m., and yet long before the doors had opened, the line had swollen to well over 100 feet long and two to three people thick

November 8th, 2011

Ask builders or architects what the best kind of insulation is, and you’ll likely hear some strong opinions. From R-values to ease of installation, clean-up requirements, cost and other factors, they’ll tell you why their preferred material is tops. Of course, each insulation manufacturer will also say their products are best.
But the reality is, the most accurate answer is, “it depends.” The appropriate insulation varies by the specific project, structural framing type, budget and various other factors. In many cases, using multiple insulations in combination enables the most energy-efficient homes and buildings.

October 6th, 2011

The Stage Coach Apartments project is a participant in the Low Income Housing Tax Credit Program, a resource provided through the IRS. The program provides federal income tax credits to individuals or organizations developing affordable housing through either new construction or acquisition and rehabilitation. The tax credits provide a dollar-for-dollar reduction in the developer’s tax liability for a ten year period. To receive tax credits, a developer must set aside and rent-restrict a number of units for occupancy by households that earn below 60% of the area median income. These units must remain affordable for a minimum of 30 years.

October 6th, 2011

Installing solar energy systems on homes and multifamily buildings now has new value and implications that the California Public Utilities Commission has mandated installation of Smart Meters on all residential and commercial properties in the state by the end of 2012—making Time of Use (TOU) billing for residential properties a near certainty.

September 22nd, 2011

The FHA fiscal year ends in October. So far, it endorsed nearly 1,100 multifamily loans, seven times the amount three years ago. For only the second time, loan activity surpassed $10 billion.