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Apartment Investment and Management Company ("Aimco") (NYSE: AIV) has acquired San Melia Apartments, a 488-unit community located at 14435 S. 48th Street in Phoenix, Arizona. Aimco purchased the luxury apartment community from Investment Property Associa... moreApartment Investment and Management Company ("Aimco") (NYSE: AIV) has acquired San Melia Apartments, a 488-unit community located at 14435 S. 48th Street in Phoenix, Arizona. Aimco purchased the luxury apartment community from Investment Property Associates, LLC for $68.8 million. The Cooke Team at Colliers International was the broker for the transaction. With the addition of San Melia, Aimco's Arizona portfolio consists of 10 market-rate properties with a total of 2,409 units.
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PRIMEDIA, the premier renter resource for apartment and rental home information and listings, announced today that it has completed the acquisition of eBay Inc.'s Rent.com subsidiary. The acquisition creates the industry-leading resource in the fast-growi... morePRIMEDIA, the premier renter resource for apartment and rental home information and listings, announced today that it has completed the acquisition of eBay Inc.'s Rent.com subsidiary. The acquisition creates the industry-leading resource in the fast-growing rental market with reach in all 50 states.
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Gaia Real Estate Holdings LLC and its US partner Starwood Capital Group have bought 9,500 rental apartments across the US for $446 million. They will invest $22.5 million of new equity to acquire and recapitalize the properties' owner, PJ Finance Company,... moreGaia Real Estate Holdings LLC and its US partner Starwood Capital Group have bought 9,500 rental apartments across the US for $446 million. They will invest $22.5 million of new equity to acquire and recapitalize the properties' owner, PJ Finance Company, and take a $423 million bank loan, which will be repaid over eight years, Gaia owner Danny Fishman told "Globes".
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Mac-Gray reported first quarter of 2012 revenue of $84.2 million, compared with $82.3 million in the first quarter of 2011. Net loss for the first quarter of 2012 was $767,000, or $0.05 per share, compared with net income of $2.1 million, or $0.14 per di... moreMac-Gray reported first quarter of 2012 revenue of $84.2 million, compared with $82.3 million in the first quarter of 2011. Net loss for the first quarter of 2012 was $767,000, or $0.05 per share, compared with net income of $2.1 million, or $0.14 per diluted share, for the first quarter of 2011.
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Point2, a Yardi Systems Inc. brand, announced today that Yardi has been granted U.S. Registration No. 4,127,089 by the United States Patent and Trademark Office for the MLS Certified® trademark and related communication.
Reflecting authority, data quality... morePoint2, a Yardi Systems Inc. brand, announced today that Yardi has been granted U.S. Registration No. 4,127,089 by the United States Patent and Trademark Office for the MLS Certified® trademark and related communication.
Reflecting authority, data quality and accuracy, the MLS Certified mark is used by Yardi and its online marketing and listing syndication business, Point2, its designated third parties, and MLS Certified® Trademark licensees. The mark conveys to consumers that the MLS-generated property listings and photos they are browsing are authentic and originate from the local multiple listing service.
“Securing the MLS Certified trademark is a giant step for the real estate industry, and a huge endorsement of multiple listing service organizations as the authoritative source for the most up to date, accurate listing data,” said Saul Klein, senior vice president, Point2. less
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W. Dean Henry, executive vice president of KBS Legacy Partners Apartment REIT, has been appointed board chairman to the Multifamily Leadership Board (MLB) for the National Association of Home Builders' (NAHB).
