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POST PROPERTIES INC., Atlanta, the largest apartment developer in Georgia, said it had sold two apartment developments in Dallas and Irving, Tex., and land in Charlotte, N.C., for $99 million to pay down debt and finance development.
A shuttered A&P store on Main Street in White Plains is being sold to an apartment developer.
The Amalfi project planned by Raimon Land, a Bangkok apartment developer, has not gotten off the ground.
Over the last year, the apartment developer Arnie Gregory has opened 236 units in two early 1900s warehouses in the trendy downtown Minneapolis North Loop neighborhood.
"Whenever the conditions allow, we want all our new apartments fitted with solar panels," said Toshiya Kitagawa, executive officer at Takara Leben, a midsize apartment developer in Tokyo.
Harold Farb, the flamboyant Houston apartment developer who gained national attention for his excesses before he fell hard in the 1980's, is back.
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The site, which qualifies for a 15-year property tax credit offered to apartment developers, would yield $28.7 million in taxes, BDC economic development officer Alex Hutchinson said Thursday.
During the economic downturn, apartment developers retrenched.
Apartment developers moving forward, however, ultimately could realize that young renter demand is shallower than they anticipated.
The thousands of new employees, recently hired or anticipated, have also caught the attention of apartment developers.
THE architect's lament, incanted by Peter DeWitt: "Apartment developers always want the tried and true.
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