The Colorado Springs apartment market is making a strong comeback, as shown by recent sales and new construction starts. Major investors from out of the area have recently purchased large multifamily properties in Colorado Springs. In October, Sequoia Property Partners of New York closed on the South Circle Arms, a 112-unit apartment complex built in [...]
Browsing Posts tagged real estate investment
In a webinar presented on Jan. 11, 2011, the Marcus & Millichap team gave an upbeat report on the current state of the U.S. apartment industry. As usual, Hessam Nadji began with an economic state of the union address. After acknowledging nine different problems the economy is now facing, he presented another nine positive indicators. [...]
According to a recent report in the Wall Street Journal, multifamily housing starts will increase significantly in 2010. Green Street Advisors, a real estate research firm, says that REITs (real estate investment trusts) plan to put almost $1 billion into new apartment construction this year, a whopping 10 fold increase over the $100 million invested [...]
