Archive for February 2009
Urban Land Institute
Nonprofit education and research institute with focus on the use of land in order to enhance the total environment.
Read MoreWeb Site Helps Managers, Owners Find Short-Term Renters
By Anuradha Kher, Online News EditorNew York–Roomorama.com, new peer-to-peer online platform for short-term room and apartment rentals, recently launched its improved web site.The service is available in Los Angeles, Miami, San Francisco, Vancouver, Washington D.C., Boston, Chicago, New York and Toronto. The free web-based program allows hosts to post and manage listings to the user…
Read MoreInstitute of Real Estate Management
Professional association for managers of income-producing property.
Read MoreU.S. Green Building Council
Non-profit organization dedicated to sustainable building design and construction. Developers of the LEED building rating system.
Read MoreRehabbing Historic Properties: Where to Start?
By Keat Foong, Executive EditorSee the main feature “Renovating in a Recession.”According to Steven Lovci, project architect at Beyer Blinder Belle Architects & Planners LLP, New York, one of the first steps in a historic rehabilitation is to accumulate information about the physical structure of the existing property. Adaptive reuse typically comes with a lot…
Read MoreMarket Pulse for February
Median Condo Sale Price — The median price of existing condos in December 2008 was $181.400 — the ninth straight month of price declines. That number was $2,300 less than November’s figure, and $40,600 less than Dec. 2007’s median price. The only saving grace in this set of numbers is that the fire sale prices…
Read MoreNew Orleans/Gulf Coast Stalls
nt (Shaun Donovan, New York City’s former commissioner of Housing Preservation and Development) who understand rental housing, and are eager to make it a reality, says Greer. “There are a large number of people in our industry who are celebrating.”To comment, e-mail diana.mosher@nielsen.com
Read MoreRenovating in a Recession
By Keat Foong, Executive EditorRead the side bar “Rehabbing Historic Properties: Where to Start?”Renovation strategies need to be readjusted in a recessionary environment. Apartment owners may not get a return on their rehab investment as market rents can stagnate or decline down the road. And prospects who are out of work, earning less, or insecure…
Read MoreMARKET SNAPSHOT: Indianapolis
By Erika Schnitzer, Associate Editor Indianapolis—The apartment market in Indianapolis grew in 2008, according to Tikijian Associates’ annual Indiana Apartment Market Overview. Occupancy increased from 90.1 percent in 2007 to 90.8 percent in 2008, despite the delivery of 1,000 new units. These figures, however, do not take into consideration the fourth quarter of 2008. “The…
Read MoreTODAY’S DEALS: NorthMarq Capital Secures $25M Mortgage for Four Apartment Communities, and Other Transactions
By Anuradha Kher, Online News EditorBeverly Hills, Calif.–NorthMarq Capital Inc. has arranged combined first mortgage financings of $25.268 million for LandBanc Capital Inc. of Beverly Hills, Calif., and its Aragon Holdings subsidiary.The Aragon Holdings portfolio features four multifamily properties located in San Antonio, Texas. These include the 72-unit Lexington Apartments (pictured); 176-unit Las Brisas Apartments;…
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