Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.
Bozzuto Tapped to Manage CityCenterDC Apartments
Hines and the TFI US Real Estate Fund have selected Bozzuto Management Co. to market and manage the apartment component of the mixed-use CityCenterDC development in Washington, DC.
CNL Growth Properties Developing Class A Multifamily Community Near Nashville
CNL Growth Properties, a real estate investment trust, has partnered with Crescent Communities LLC on the $40.3 million development of Crescent Cool Springs, a Class A, garden-style apartment community in Franklin, Tenn., which sits about 15 miles south of Nashville.
Economy Watch: Residential Delinquencies Continue Drop
Lender Processing Services released its latest Mortgage Monitor, which found that the national delinquency rate for residential mortgages continued to fall in May, marking the largest year-to-date drop since 2002.
Playing it Safe
Most apartment communities are now advocating renters insurance for all residents.
TODAY’S DEALS: LocalConstruct Acquires Second Colorado Springs Asset in Six Months
ARA closes a 200-unit sale in Colorado Springs; Grandbridge arranges $30.8 million for two Florida properties; and Essex Realty Group brokers the sale of a mixed-use property for $3.2 million.
Auction.com Names Michael Callahan as Executive Vice President, Chief Legal Officer and Secretary
Auction.com announced that Michael Callahan has been named executive vice president, chief legal officer and secretary.
‘Economy Watch’ Podcast with Dees Stribling: The ECB Promises Low Rates
The ECB promises low rates, and the U.S. adds more jobs.
Broward County Housing Authority Receives $895K to Provide Rental Assistance to Homeless Veterans
The U.S. Department of Housing and Urban Development (HUD) has awarded Broward County Housing Authority (BCHA) $895K in supportive housing assistance to help chronically homeless military veterans and their families find a permanent place to call home.
SoCal Rental Community on Track for February 2014 Completion
A rental community featuring both townhomes and apartments is being developed on a 1.1-acre parcel in southern Garden Grove, a city in the heart of Southern California’s Orange County.
Economy Watch: Employment Increase Broad-Based in June
The jump in employment reported by the Bureau of Labor Statistics, a nationwide increase of 195,000 jobs, was fueled by a number of sectors—leisure and hospitality, professional and business services, retail trade, healthcare and financial activities.