Archive for May 2008
2008 Technology Choice Awards
The multi-housing industry supports hundreds of high-quality technology companies – supplying everything from Lead Management services to Resident Payment systems, from Marketing Websites to Resident Portals. Now we want the readers of Multi-Housing News to tell us which of these companies truly stand apart from the rest and deserve to be celebrated as the best.…
Read MorePerspective: Blending Residential with Mixed-Use
under controlled access. The residents often employ a separate approach as they find their way home by way of their car through what is most likely a secured path through gated parking executions.The property management function, whether that be leasing or building concierge, would prefer to have direct access “in line” with the friendly movement…
Read MoreHousing Bill Up Against Presidential Rejection, New Senate Proposal
Washington, D.C.–In addition to a probable presidential veto, the housing bill passed Thursday by the House faces another obstacle: A similar proposal from Senate Banking Committee Chairman Chris Dodd, D-Conn.The House’s bill will help only a small amount of homeowners prevent foreclosure and would cost taxpayers $2 billion–less than original estimated, according to CNNMoney.com.Passed by…
Read MoreM.L.S. Info on Web Sites Makes It a Whole New Real Estate World
Seattle–Real estate agents are offering information online for free on sites such as Seattle-based Zillow.com and Trulia.com because of the declining market–and it’s changing the entire home buying and selling process, the New York Times says.The era where sellers had to list their home with a broker in order to reach buyers is over; the…
Read MoreHSBC Says U.S. Housing Decline to Last for Another Year
London–London-based bank HSBC–one of the first to be affected by the subprime mortgage market collapse–said Monday that the U.S. housing slump could continue through 2009, the Financial Times reports.”We don’t think this is a 2008 event, it’s a 2009 event,” said Chief Executive Michael Geoghegan.HSBC also announced it had earmarked $5.8 billion because of first-quarter…
Read MoreSlowing Tokyo Housing Market May Hurt Overall Growth
Tokyo–The Tokyo housing market–hurt by delays and an increasing amount of unsold homes–could knock a full percentage point off growth in 2008, according to the International Herald Tribune.A scandal involving doctored new residential building engineering data caused a regulations overhaul in the area; new rules, implemented later than anticipated in June, state that new buildings…
Read MoreJSG Oceana’s New Colors Soothe and Brighten
JSG Oceana has introduced eight new colors to its glass tile collections. Meant to create a relaxing atmosphere, the Tranquil Tile Collection features four colors: True Blue, Smooth Blue, Mellow Yellow and Serene Green. The Jewel-Tone Tile Collection is available in four vibrant hues: Jade Jewel, Green Jewel, Red Jewel and Violet Jewel.Available in circles,…
Read MoreDEAL OF THE DAY: Foreclosed Failed Condo Conversion Sells for Over $12M
By Anuradha Kher, Online News EditorRaleigh, N.C.–Sperry Van Ness has completed the sale of Polo Run Apartments (formerly known as Frenchwood Pointe Apartments), a 278-unit apartment community, to New York-based Polo Run LLC for $12,232,000.The property, which foreclosed in January of this year, was a failed condo conversion located at 1822 Generation Dr. in Raleigh,…
Read MoreTwo California Developers Receive Energy Star Award for Reducing Greenhouse Gases
By Anuradha Kher, Online News EditorWashington, D.C.–The U.S. Environmental Protection Agency (EPA) and the U.S. Department of Housing and Urban Development (HUD) recently presented Energy Star awards to two California developers for reducing greenhouse gas emissions through energy efficiency.Satellite Housing, a Berkeley, Calif.-based affordable housing developer, received an award for its leadership in energy efficiency…
Read MoreAtlanta Community Re-Priced to Sell at Pre- Down Market Rates
By Erika Schnitzer, Associate EditorAtlanta–The final phase of Villa Sonoma, a 321-unit resort-style condominium community, has been released. The development, which was split into four phases, is currently 60 percent sold, and the first three phases are sold out.“The property is selling at the same velocity that we began with because we’ve re-priced it to…
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