Economy Watch: Mortgage Fraud Cases Creep Upward
The Treasury reports that mortgage fraud was up 5 percent last year; the amount of money in retirement plans is cresting; and the country’s largest banks will receive a wrist-slap for robo-signing.
Crystal Gardens in Melbourne Designed as a ‘Vertical Street’
CK Designworks is designing what they call a “vertical street” in downtown Melbourne, a 35-story mixed-use high-rise that will feature ground-floor retail, three floors of office space and 154 apartment units.
Cushman & Wakefield and Walker & Dunlop Enter MF Strategic Alliance
New York and Bethesda, Md.–Cushman & Wakefield and Walker & Dunlop have formed a strategic alliance to focus on multifamily agency financing and investment sales.
Economy Watch: U.S. Job Openings See Uptick
Light peeks through in the job market; U.S. exports are at an all-time high; and oil and commodities continue to slide.
Hospitality Property Values Rebound in 1Q11
New York–Integra Realty Resources’ Commercial Property Index finds that the hospitality/lodging sector has experienced the second-best growth prospects, after the multifamily sector.
MyNewPlace Expands Management Team
San Francisco–MyNewPlace, a multifamily Internet listing service, has promoted four executives in response to the company’s growth and broadening product vision.
Dylus to Direct Business Development for JWilliams Staffing
Irvine, Calif.–JWilliams Staffing, a national staffing provider of temporary sales and leasing professionals in the building industry, welcomes Lisa Dylus as director of business development.
Economy Watch: Median Home Prices Sink in 2010
The National Association of Realtors has its own melancholy home-price numbers to report; small-business owners are pessimistic about the future; and freshman members of Congress are frustrating those who have seen us approach a debt ceiling before.
Student Housing in Delaware Wins Award for Best Turnaround
Newark, Del.–Campus Living Villages spent $6 million to repurpose and renovate a 665-unit student-housing community near the University of Delaware.
Apartment Sector Sets Records in Market Tightness and Equity Availability: NMHC
Washington, D.C.–According to the National Multi Housing Council’s latest Quarterly Survey of Apartment Market Conditions, the apartment industry continues to recover briskly.