Bluerock News - Bluerock

Upper East Side Remains Strong: The Charles

February 26, 2013 / Bluerock News

Long before the first piece of limestone was laid for Rosario Candela’s 740 Park Ave., in 1929, it seemed as if the words “Social Register” were carved on every door on the Upper East Side. The grand apartment buildings of Fifth, Madison and Park avenues were large, expensive and protected by the most coldblooded of co-op boards. (If you didn’t like...

Bluerock’s Dr. Randy Anderson Isn’t Surprised by Industrial’s Growth

January 28, 2013 / 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...

Bluerock Enhanced Multifamily Trust Buys Majority Stake in MDA City Apartments

January 9, 2013 / Bluerock News

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...

Multi-Housing News Features Reserve at Creekside in Chattanooga, TN

December 5, 2012 / Bluerock News

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...