Bluerock News

WASHINGTON, DC—Already exhibiting signs of recovery, the US industrial market could see as much as 150 million square feet of absorption this year. What’s more, next year’s take-up could hit 175 million square feet, according to the NAIOP Industrial Space Demand Forecast. Those figures represent increases of 50% and 75%, respectively, over the 100 million square feet of absorption the industrial...

A New York investor has acquired a majority stake in a 190-unit East Loop apartment building, one of several downtown multifamily deals completed in the waning days of 2012. The Bluerock Enhanced Multifamily Trust Inc. paid $9.8 million in December for a 56.5 percent interest in MDA City Apartments from a venture of the Village Green Cos., a Michigan developer that...

The Reserve at Creekside, managed by Hawthorne Residential Partners, has introduced a new level of apartment community living in Chattanooga. With its prime location just five minutes to the nearest shopping mall—and its wonderfully attentive staff—this community prides itself on being unique and welcoming. The Reserve at Creekside management often organizes summer pool parties (with the staff cooking out on the...