Regions Southeast
Apartment Rents on the Upswing, Vacancies on the Downswing in Miami-Dade County
May 16, 2008

Apartments are becoming harder and harder to come by in Miami-Dade County, according to Marcus & Millichap's first quarter Apartment Research Report. The real estate investment services firm reports that vacancy rates are in the low-4 percent range and that rents have ticked up a tad and will increase 1.1 percent by the close of 2008. The extremely tight apartment market, however, is expected to loosen as buyers capitalize on the excess condo stock in the area. Marcus & Millichap anticipates that the dynamic will increase the vacancy rate to 4.8 percent by year's end.

 
Recent Southeast Headlines
Orient-Express Hotels, The Related Group to Form Partnership to Develop Hotels, Residences
July 08, 2008
Orient-Express Hotels Ltd. has signed a letter of intent to establish a 50/50 strategic partnership with The Related Group to develop hotels and residences in South Beach Miami, Cartagena, Colombia, and Panama City, Panama, the companies said today.
BRT Realty Takes Title to 6 Properties in Foreclosure Actions
July 08, 2008
BRT Realty Trust has taken title to six multi-family residential properties located in Tennessee in foreclosure actions commenced by it against borrowing entities controlled by one individual.
Campus Crest Enjoys Growth with its Fully Loaded College Living Facilities
July 07, 2008
Since Campus Crest, the developer behind a brand of college living facilities called The Grove,  began in 2004, it’s developed 19 of The Grove locations across 10 states, with 12 more slated to begin construction later this year, a 450 percent average increase per year.
Taurus Investment Completes Sale-Leaseback with Pratt Industries
July 07, 2008
Taurus Investment Holdings closed the purchase of a newly constructed, 356,541-square-foot manufacturing/distribution facility in Statesville, N.C., through its subsidiary, Taurus Corporate Properties L.L.C., which focuses on sale-leaseback and single-tenant net lease investments.
Grubb & Ellis Buys Two Apartment Complexes in Metro Atlanta
July 03, 2008
Grubb & Ellis Apartment REIT Inc. has acquired two Class A apartment communities totaling nearly 500 units in the metro Atlanta area. Grubb purchased the 216-unit AMLI at Kedron Village multi-family community in Peachtree City from AMLI Residential and Prudential Real Estate Investors, and the 280-unit Creekside Crossing in Lithonia from Harbor Group International, Norfolk, Va.