Sales Reach 40 Percent Sales Mark at Jersey City Condo
Jersey City, N.J.—The Saffron, a luxury condominium located in downtown Jersey City, has reached a mark of just under 40 percent of total units sold. The Saffron contains 76 condominiums, and is located two blocks from the Grove St. PATH station. The developer, Fields Development Group, held an auction at the property last November, which resulted in the eventual sale of nine units. After that, sales were suspended until late December, as a new marketing plan was initiated, says James Caulfield, Jr., a principal of Fields Development Group. Apartment sales since the December re-opening have averaged about six a month,…
Apartment Firms Cut Discretionary Technology Spend, But Boost Outsourcing Dollars, Survey Finds
Washingon, D.C.—Apartment firms have changed their IT spending habits in recent years, cutting spending on discretionary information technology (IT) projects, according to a just-released survey from the National Multi-Housing Council. The report, an update of a similar survey done in 2008, examines three aspects of IT spending: IT outsourcing (contracting with an outside firm to handle IT or a particular IT task); IT consultant spending (hiring an outside IT professional rather than using staffers); and discretionary spending on revenue- increasing IT investments, such as document management systems and lead tracking/lead management systems. The survey found that spending on discretionary projects…
Haskell Begins Construction on Senior Apartments in Alhambra, Calif.
The Haskell Company has begun construction on 50 apartment homes at Atherton Baptist Homes
Collections Firms Report Higher Collection Rate among Apartment Renters who use SureDeposit
Residents who enroll in the SureDeposit program are more likely to pay their lease-related debts in so
Mixed-income Development May Point Way to Affordable Housing Development in NYC Suburb
With a median single-family home sales price of nearly $600,000, many residents, and want-to-be residents, of Westchester County, N.Y. struggle to find housing that is affordable.
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,
California 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
Pending Home Sales Rise Points to Improving Economy, Economist Says
The rise in pending home sales in February is largely due to slow but steady improvement in the U.S. economy,
Sperry Van Ness Launches Mobile Marketing Platform
Sperry Van Ness has implemented a new mobile marketing platform using Qonnect.mobi for its commercial property listings
Downtown Brooklyn Condo Hits 50 Percent Sales Mark
Downtown Brooklyn’s Oro condominium, a 303-unit luxury property, has reached the 50-percent-sold milestone, with more than 152 units sold. Sales have picked up recently at Oro, as 62 deals have been made since last September.