Apartment Vacancies Decline, Rents Expected to Rise

By DAWN WOTAPKA Vacancy in apartment buildings fell to the lowest rate in more than two years in the first quarter, setting the stage for fewer choices and higher rent for tenants. With the economy adding jobs, and with more people choosing to rent instead of buy...

Weidner Apartment pays $46M for Peaks at Papago

Phoenix Business Journal February 7, 2011 Weidner Apartment Homes, a major new player in the local multifamily market, has purchased a large apartment complex, the Peaks at Papago Park. Weidner paid $46 million for the 768-unit complex located at 815 N. 52nd St. in...