Bloomington, Minn. —Boston-based Intercontinental Real Estate Corp. has purchased the International Village Apartments, a 353-unit community, for $30 million, or $85,269 per unit.
REGIONAL MARKETS: NATIONWIDE
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.
Tampa, Fla.—This city’s multifamily market is on a roller coaster that’s hit a low point for landlords.
Design quality resumes its place in the residential development formula.
Higher rents fatten apartment owners' profits
Apartment owners naturally want to earn higher returns on their investments, and though lower operating costs can be a good way to achieve that objective, it’s equally important to take advantage of opportunities to raise rents.
Managers centralize laundry rooms, cut energy costs
Apartment and condominium owners are coping with rising operational costs by scaling down amenities.
Installing a custom-height kitchen