Archive for April 2010
Transactions, Development Fell Precipitously in 2009, NMHC Rankings Reveal
Apartment development and transaction volume levels both took a huge dive from previous year’s levels in 2009 due to the Great Recession,
Read MoreDEAL OF THE DAY: Colliers Represents Buyer in $4.5M Acquisition of Newly Completed Mixed-Use Development
Colliers International completed the sale of an 18,000-square-foot mixed-use office and multifamily property located at 24100 and 24106 Calabasas Rd. in Calabasas, Calif., to Seasons Greetings LLP, a commercial and residential real estate development company. The all-cash transaction is valued at $4.5 million.
Read MoreAIMCO 2009 Communities of Quality Program Award
Apartment Investment and Management Co. (Aimco) recently received the 2009 Communities of Quality Program Award from the National Affordable Housing Management Association (NAHMA).
Read MorePODCAST: Ronald Hansen, SVP of Michaels Military Housing, discusses opportunities in the military housing sector
More Rental Vacancies and Riskier Consumers Mean Tough Decisions for Property Managers
Since the recession began in December 2007, national rental vacancy rates have increased 11.46 percent from 9.6 percent to 10.7 percent (at the end of 2009).
Read MoreStudy Estimates 1.2M Households Lost Due to Recession
About 1.2 million U.S. households disappeared during the years 2005 to 2008
Read MoreGrowing Business Is Key Concern Among For Real Estate Firms
More than half the respondents (58 percent) identify growing the business as their top business challenge
Read MoreCalifornia Legislative Session may have Impact on State’s Apartment Owners
One bill, of the 1,310 that will be introduced in the just-convened 2010 California Legislative Session
Read MoreDEAL OF THE DAY: HFF Helps Borrower Obtain Refinancing at Favorable 5.56% Long-Term Rate
The Portland office of HFF (Holliday Fenoglio Fowler LP) arranged a $3 million refinancing for Glen Creek Park Apartments, an 86-unit multi-housing community in Salem, Ore.
Read MoreMARKET SNAPSHOT: Boston Apt. Market Positioned to Bounce Back this Year
Apartment transaction volume in the Boston metro area has been very slow
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