Economy Watch: Home-Price Slump Not Over Yet
Zillow reports that home values were down 3 percent in the first quarter; April’s Conference Board index points to negative employment indicators; and congressional leaders ram heads over the debt ceiling.
First Response to Tornado Damage at Alabama Seniors Community
The day after tornados flattened parts of Alabama, Lane Management personnel arrived in storm-ravaged Tuscaloosa, Ala. to assist the residents of Chastain Manor.
Freddie Mac Offers $1 Billion in Multifamily Securities
McLean, Va.–Freddie Mac has announced a new offering of Structured Pass-Through Certificates (“K Certificates”), multifamily mortgage-backed securities.
Affordable Seniors Housing Meets Green Certification in the Bronx
Bronx, N.Y.–Serviam Gardens II, a 158-unit affordable seniors housing community, is the first in the Bronx to reach completion with Enterprise Green Communities Certification.
RealPage Acquires Compliance Depot
Carrollton, Texas—A wholly owned subsidiary of RealPage Inc. has acquired the assets and selected liabilities of Compliance Depot.
PODCAST: Economy Watch Weekly with Dees Stribling
The week ending May 6 was a good one for the economy, considering all the jobs added in April and all the money consumers spent at retail establishments.
Condo in Morristown Named Community of the Year by NJBA
Morristown, N.J.–The luxury condominium community 40 Park has won Community of the Year from the New Jersey Builder’s Association.
Economy Watch: Hiring Surprisingly Strong in April
The U.S. Bureau of Labor Statistics report on hiring turned out better than expected; retailers reported strong sales in April; and a few commodities showed symptoms associated with bubbles popping.
Miller Honored as Legislator of the Year
Chicago–The Institute of Real Estate Management and the CCIM Institute have jointly honored U.S. Congressman Jeff Miller with their 2011 “Legislator of the Year” award.
Marquis Residences Partners with Tempo Hotel for Extended-Stay Program
Miami–Homeowners at Marquis Residences will be able to lease out their condos under a new extended-stay program that will provide accommodations of a luxury hotel.