Archive for the Category ‘Top Stories’

Related Returns NYC Residential Tower to Condo Market

Related Returns NYC Residential Tower to Condo Market

225 Rector Place has re-entered the condo market after a bumpy recent history. It’s once again owned by its original developer, the Related Cos.

Economy Watch: Consumers Feeling Unexpectedly Better

Economy Watch: Consumers Feeling Unexpectedly Better

The Reuters/University of Michigan consumer sentiment index spiked unexpectedly on Friday to a mid-May reading of 77.8, up from 76.4 a month ago, which is the highest level since early 2008.

Refinance Loan Helps Affordable Community Go Green

Refinance Loan Helps Affordable Community Go Green

Enterprise Community Investment has closed a loan that will ultimately allow an affordable housing community to become more energy efficient.

Apartment Industry Has Solid First Quarter

Apartment Industry Has Solid First Quarter

The National Multi Housing Council, in its latest Quarterly Survey of Apartment Market Conditions, reports that the U.S. apartment industry is still chugging along at a robust pace.

Economy Watch: Homeownership Still on Downward Slide

Economy Watch: Homeownership Still on Downward Slide

The Census Bureau reported that the U.S. home ownership rate was 65.4 percent of all households during the first quarter of 2012, a contraction of 0.6 percentage points since the fourth quarter of last year, and down from 66.4 percent a year ago.

SoCal Apartment Project Gets $26M in Funding From Canyon-Johnson

SoCal Apartment Project Gets $26M in Funding From Canyon-Johnson

GLJ Partners has obtained $26 million in joint venture equity from the Canyon-Johnson Urban Fund for the acquisition of a 15-acre development site.

Manhattan Multifamily Sales Jump in First Quarter

Manhattan Multifamily Sales Jump in First Quarter

According to a report by Ariel Property Advisors, New York multifamily sales increased 34 percent in the first quarter of 2012.

Is There an Apartment Market Bubble?

Is There an Apartment Market Bubble?

Is there a possibility of a bubble developing in multifamily real estate driven by the low cost of capital, low yields in alternative investments, aggressive projections of apartment incomes in valuation and/or any other factors?

Company Expands Its ‘Strategic Footprint’ With Oregon Acquisition

Company Expands Its ‘Strategic Footprint’ With Oregon Acquisition

Crossbeam Capital LLC, a Bethesda, Md.-based real estate investment firm, acquired the 225-unit Parkside apartment community located in Gresham, Ore.

Economy Watch: Retail Sales Spike Unexpectedly

Economy Watch: Retail Sales Spike Unexpectedly

The Census Bureau reported on Monday that retail sales jumped 0.8 percent month-over-month in March–higher than expected–as Americans spend more across the board on goods and services.

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