PODCAST: Economy Watch Weekly with Dees Stribling
For the week ending Jan. 21, homebuilder confidence and single-family starts stayed down, even though existing home sales are creeping upward.
U.S. Green Building Council Welcomes New Board Directors
Washington, D.C.–The U.S. Green Building Council has elected new officers and directors to its 2011 Board of Directors.
Mid-America Apartments Acquires San Antonio Apartments
San Antonio–Attracted to the strong economy in San Antonio, Mid-America Apartment Communities acquires the 340-unit Alamo Ranch Apartments.
Virtual Tour’s New Web-Based Software for Brokers
Dublin, Calif.—VirtualTourCafe has launched MyCafeBroker, a web-based back-office software solution for low-cost, high-performance virtual tours and online marketing management.
J.I. Kislak Buys Three Florida REO Multifamily Properties
Pensacola, Fla.–J.I. Kislak Inc., a multifamily investor, has bought three multifamily properties from Miami-based Ocean Bank.
BRE Appoints Two New Vice Presidents
San Francisco–BRE Properties, Inc. has appointed Kari Warren as vice president of marketing and Steven Snell as vice president of business applications.
ZamRay.com Launches to Fill Gap in Construction Industry
Las Vegas— ZamRay has introduced a website that will connect the construction industry in a variety of ways.
Economy Watch: Home Starts Hit New Lows
Single-family home starts saw a big drop in December; the FDIC chairman calls for a foreclosure claims commission; and the SEC begins to implement Dodd-Frank.
Patton Joins Hines to Lead Multifamily
Houston–Alan Patton has joined Hines as a senior vice president in the firm’s corporate office at Williams Tower in Houston.
CNL Lifestyle Properties Makes $630M Foray into Seniors Housing
Orlando, Fla.–Acting as a joint venture, CNL Lifestyle Properties Inc. and Sunrise Senior Living Inc. have completed the acquisition of a portfolio of 29 seniors housing properties in a $630 million deal.