LA PORTE, IND. -- The nonprofit Parents & Friends, Inc., will build the Butterfly Garden Apartments here.
Developers Rescue State Public Housing
GREAT NECK, N.Y. - The people who live at Spinney Hill Homes here need some help. Their 50-year-old apartments are falling apart around them.
Northeast and Mid-Atlantic At-A-Glance
What ever happened to Boston’s high barriers to development? Builders finished 5,100 new apartments here in 2007, according to the research arm of Marcus & Millichap.
Make Your Voice Heard
2007 will long be remembered as the year the housing bubble burst. What began as a meltdown of the subprime mortgage sector quickly spread to the broader economy and caused what may be the worst financial crisis since the Great Depression.
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.
Multifamily Wins International Jackpot
Jason Ottman never got to clink a glass with his equity partners. Not when he attended the closing of the deal to build Alexan Westgate in Glendale, Ariz. Not when the project was finished.
Going Where the Jobs Are
Washington, D.C.—It used to be a neighborhood of seedy nightclubs and old warehouses, but D.C.’s powerful real estate market has made the land around the planned baseball stadium for the Washington Nationals, just south of the Capitol, into a massive development site.
Westchester County’s Strong, Steady Demand
New Rochelle, N.Y.—More than 40 new tenants a month are moving into Avalon on the Sound East, a new apartment tower rising in the heart of this reviving city.
CHICAGO—Printers Corners, a high-rise condominium development, was recently completed here by developer Winthrop Properties.
The Richmond market placed No.13 in APARTMENT FINANCE TODAY’s Top 50 Apartment Markets last October.