Trending Multifamily News
ILoveLeasing.com® Spherexx.com® CRM+ was announced as a winner of a Bronze Stevie® Award in the Customer Service Department of the Year - Computer Services and Software in the 15th Annual International Business Awards®. The Tulsa, OK based company developed ILoveLeasing.com® in 2006 as one of its software offerings and it has been serving the multifamily industry since with lead management, marketing analytics, cost analysis and seamless integrations with popular property management accounting software and services. Other IBA winners in this category include Rimini Street, Carbonite, Inc., Cvent Inc., Zype, and Diligent Corporation.
Commercial Acoustics, a company that develops a number of products aimed at reducing sound transmission in commercial and multifamily buildings, is the winner of the 2018 NMHC Innovation Challenge.
Mesa, Arizona – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Argenta Apartments, a 396-unit multifamily community located in Mesa, Arizona. 29SC plans to invest over $3.2 million in capital improvements. Interiors will receive updated flooring, new black appliances and upgraded fixtures as well as plumbing and lighting packages. Cabinets will also be re-faced. Exterior improvements will focus on landscaping, A/C units and roof repairs. The new owner will add a dog park and playground and upgrade the pool area.
Admiral Capital Group and Elite Street Capital recently announced the successful sale of The Fields Peachtree Corners, a 490-unit multifamily property located in Norcross, Ga., in the Atlanta MSA. The asset was sold for $51.2 million, representing an increase of over 40% in value.
LIVEbe, a premier apartment developer and operator, today announced that Jennifer Rucker, vice president of operations, has been named the John M. Gallagher, CPM Property Management Professional of the Year by the Property Management Association.
Los Angeles, CA (Nov. 15, 2018) —Decron Properties has acquired Willow Creek, a 208-unit multifamily community in San Jose, CA for $84.6 million, increasing its annual investment activity for the year to a record $345 million.