Industry News
GPX Completes Capital Improvement Plan for Stillwell Apartment Portfolio
July 23, 2008
By: Anuradha Kher, Online News Editor, Multi-Housing News

GPX Realty Partners L.P. completed a capital improvement program across its Stillwell Apartment portfolio, the company announced. The portfolio consists of five communities totaling 309 units across 20 buildings and is located in Montgomery and Delaware counties, Pa. GPX Realty Partners acquired the portfolio last June. The capital improvements made throughout the five developments include upgraded unit interiors, from new windows to new kitchens; refreshed building exteriors; new community signage; extensive landscaping; new roofing systems; parking lot and driveway repairs; and electrical and lighting work. The Stillwell Apartment portfolio is comprised of Concord Court in Aston, Pa.; Livingstone, Oak Terrace and Wellington in Hatboro, Pa. and Longford in Ambler, Pa.


For Complete Story Please go to www.multihousingnews.com

 
Recent Industry News Headlines
ROEL Completes Agua Caliente Casino Resort Spa Construction
Aug. 21, 2008
ROEL Construction Co. Inc. has completed construction of The Agua Caliente Casino Resort Spa located on Bob Hope Drive in Rancho Mirage, Calif.
Continental Retail Announces Iowa Center
Aug. 21, 2008
Columbus, Ohio-based Continental Retail Development has announced its plans to build a retail outlet center in Council Bluffs, Iowa.
JLL Arranges Sale of Sheraton Gateway Hotel at LAX
Aug. 21, 2008
Jones Lang LaSalle Hotels is pleased to announce the sale of the fee simple interest in the Sheraton Gateway Hotel at Los Angeles International Airport on behalf of its owners, Kor Hotel Group and its partners.
Bidders Circle Urban Corp.
Aug. 21, 2008
Bidders are circling Japan's Urban Corp., according to a Bloomberg News report. Sources tell the news agency that there might be 10 firms interested, including Merrill Lynch & Co.
Tri-City Electrical Contractors to Build 400,000-SF Support Center in Orlando
Aug. 21, 2008
The Central Florida commercial division of Tri-City Electrical Contractors Inc. is under way on $8 million of work at Darden Restaurants’ new 400,000-square-foot LEED-certified Support Center as well as  16,284-square-foot LEED-certified Data Center, both located on Taft-Vineland Road in Orlando, Fla., under its contract with Hardin Construction.
 

 

Pacific Office Properties Nabs $195M Portfolio
August 21, 2008
By Michael Fickes, Contributing Correspondent -- Pacific Office Properties Trust Inc. and an institutional co-investor have acquired a portfolio of seven Southern California office complexes for $195 million. The combined properties contain more than 1 million leasable square feet across...

$167M Construction Loan in Place for Brooklyn M-F Project
August 21, 2008
By Barbra Murray, Contributing Editor -- Forest City Ratner Cos. has closed on a $167 million construction financing deal for 80 DeKalb, a 365-unit apartment project in Downtown Brooklyn. The New York State Housing Finance Agency approved the project for...

Prime Income to Build $733M Resort in Germany
August 21, 2008
By Amanda Marsh, Associate Editor -- Dallas-based Prime Income Asset Management and Port Olpenitz GmbH are ready to break ground on the approximately $733 million, 425-acre Port Olpenitz, a holiday resort located in the northeastern section of Schleswig-Holstein, Germany. The...

Grubb & Ellis Realty Investors Nabs 199,000SF Atlanta Office
August 21, 2008
By Barbra Murray, Contributing Editor -- One Live Oak, a 199,000-square-foot office property in Atlanta, has just been snapped up by Grubb & Ellis Realty Investors L.L.C., which made the purchase on behalf of tenant-in-common investors. Crescent Real Estate Equities...

220-Acre Mixed-Use in Works Near University of Missouri
August 20, 2008
By Barbra Murray, Contributing Editor -- A 220-acre parcel near the University of Missouri's Discovery Ridge research park in Columbia is on tap to sprout a gargantuan mixed-use project. Forum Development Group, the owner of the land, recently wrapped up...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...