Economy Watch: No QE3 from Fed, Even in Face of Slow Growth
Despite weak market growth, Bernanke says there will be no QE3; Moody’s/REAL Commercial Property Price Index drops 3.7 percent; and the FHFA’s house price index inches upward.
WEB FEATURE: Privatization of Military Housing: a PPP Success Story
The Military Housing Privatization Initiative, which transfers ownership and operation of military housing to private hands, illustrates the potential of public-private partnerships.
Economy Watch: U.S. Home Sales Head for the Cellar
NAR reports that home sales hit a low for 2011 in May; HUD approves a program designed to help unemployed homeowners pay their mortgages; and Greece is looking at bailouts coupled with austerity.
Elwazir Named Ginkgo Residential Acquisitions Director
Charlotte, N.C.–Ginkgo Residential has added Nazar Elwazir as director of acquisitions.
Appraisal Foundation and Department of Energy to Collaborate on Green Valuation
Washington, D.C.–The Appraisal Foundation has signed a memorandum of understanding with the Department of Energy to collaborate on issues of energy efficiency and the valuation of green buildings.
Southwest D.C. to Get First New Luxury Apartment Building in Four Years
Washington, D.C.–Camden Property Trust recently broke ground on the 276-unit Camden South Capitol, the first new luxury development in the area for four years.
RealPage OneSite Budgeting Streamlines Process for HUD Properties
Carrollton, Texas–RealPage, Inc. has introduced OneSite Budgeting for HUD properties, the latest tool for affordable housing, which streamlines yearly budgeting and form submission for HUD housing assets.
Matteson and E&S Ring Form Strategic Alliance
Culver City and Redwood City, Calif.–The Matteson Companies and E&S Ring Management Corporation have entered a long-term strategic alliance in the West.
EaDo’s Credo: Dense, Vibrant Pedestrian-Friendliness
Capitol Oaks recently completed a 120-residence development in Houston’s East Downtown neighborhood, which has morphed into a walkable urban community.
EaDo’s Credo: Dense, Vibrant Pedestrian-Friendliness
Capitol Oaks recently completed a 120-residence development in Houston’s East Downtown neighborhood, which has morphed into a walkable urban community.