Brooklyn Building Tabbed ‘2010’s Best Selling’ Now 100 Percent Sold
The once-stalled condominium structure Property Shark anointed as “Best Selling Building of 2010,” Brooklyn’s be@schermerhorn, is now 100 percent sold.
Economy Watch: State Unemployment Rates Barely Budge
A new recession or not? The numbers and the opinions keep pouring in. Last week the Philadelphia Federal Reserve published a survey of regional manufacturers that showed a distinct regional slowdown in the main bright spot of the economy in recent years, namely manufacturing.
CBRE Lists Two Luxury Communities Totaling 1,198 Units in Chicago
Chicago–CBRE’s Capital Markets Multi-Housing Group is representing Fifield Cos. and Pacific Life Insurance Co. in the sale of two Class A communities in Chicago’s West Loop.
Alliance Association Management Names Rody Timmons President and CEO
Austin, Texas––Alliance Association Management, an Associa company, has appointed Rody Timmons, CMCA, AMS, PCAM, as the company’s new president and CEO. With Alliance, Timmons will be responsible for developer and client services, marketing and new business development, maintenance services and the oversight of corporate programs and training. He was formerly the senior vice president for Associa Company Rampart Properties in St. Petersburg, Fla. While in Florida, he was responsible for client relations, supervision of the company’s 120 employees, staff training and team building. A graduate of Belmont University in Nashville, Timmons carries more than 18 years of industry experience. Before…
Camden Appoints Frances Aldrich Sevilla-Sacasa to Board of Trust
Houston–Camden Property Trust has appointed Frances Aldrich Sevilla-Sacasa to the company’s Board of Trust Managers, effective August 9, 2011. Sevilla-Sacasa will serve as an independent trust manager of the company. Sevilla-Sacasa currently serves as executive advisor to the dean of the University of Miami School of Business, and from January 15, 2011 to July 31, 2011 she served as the Interim Dean of the University of Miami School of Business. From July 2007 to December 2008, she was the president of US Trust, Bank of America Private Wealth Management. From early 2007 until June 2007, . Sevilla-Sacasa was the president…
National Harbor Establishes Brisk Sales Pace in D.C. Area
Washington, D.C.–At The Peterson Cos.’ National Harbor development, more than 100 homes were sold in National Harbor between early 2010 and first quarter 2011.
Ares Management LLC Acquires Wrightwood Capital
Los Angeles—Ares Management LLC has acquired the investment platform of Wrightwood capital, a provider of debt capital to the U.S. commercial real estate sector. Terms of the transaction were not disclosed. As a result of this transaction, more than 40 Wrightwood professionals have joined the Ares Private Debt Group to focus on middle-market lending in the commercial real estate sector. They will be a part of the Ares Commercial Real Estate, or ACRE, investment team, which will be headquartered in Chicago with other offices in Dallas, Los Angeles, New York, Newport Beach and Washington, D.C. ACRE will be led by…
Freddie Mac Releases U.S. Economic and Housing Market Outlook
Mclean, Va.–Freddie Mac has released its U.S. Economic and Housing Market Outlook for August, showing that despite the recent ups and downs in the capital markets the likelihood of an extended period of both relatively low short- and long-term interest rates is helpful news for the housing market’s recovery as it continues to struggle.
Questions to Ask Before Embarking on a Social Media Plan
Anyone who’s spent time on social media marketing knows the process can get very deep very quickly–and hours can slip by like minutes.
Yardi Acquires Multifamily Insurance Group
Santa Barbara, Calif.–Yardi has acquired Dallas-based Multifamily Insurance Group (MIG), allowing the company to provide ResidentShield renters insurance products to its clients. Yardi will now offer insurance coverage through ResidentShield for personal liability, personal property and living expenses for losses caused by fire, theft and other unexpected events. “Our goal is to provide our clients with a full-business solution—including dynamic rental pricing, online resident services, utility billing and resident screening—using a single platform. That integrated offering now includes the reduced insurance risk for property owners and the peace of mind for renters that ResidentShield makes possible,” says Gordon Morrell, executive…