Q&A with Sares Regis Group’s Kenneth Gladstein
Kenneth Gladstein, senior vice president of investments at Sares Regis Group, shares insights about the impact of renter psychology.
Economy Watch: Massachusetts High Court Rules against Banks in Foreclosure Case
A Massachusetts high court affirms the stance by lower courts that banks must have their mortgage paperwork in order before making foreclosures, and Fed Chairman Bernanke defends the Fed strategy regarding QE2.
Wood Partners Buys Land for Project near Growing Fort Belvoir Army Base
Alexandria, Va.–Wood Partners has acquired three acres in Alexandria for development of a 290-unit luxury apartment community that will answer demand spurred by growth of the US Army’s Fort Belvoir base.
Bascom Group Raises Funds and Awareness for UNICEF
Irvine, Calif.—Bascom Group partnered with the U.S. Fund for UNICEF and raised $19,000.
PODCAST: Economy Watch Weekly with Dees Stribling
The economy, and employment, are getting better, but everyone is impatient for it to happen faster–which it refuses to do. The December employment numbers tell the story.
JP Morgan Buys Chicago Multifamily Trophy Property for $182M
Chicago–J.P. Morgan Asset Management will take a majority stake in the 87-story Aqua, a mixed-use development in downtown Chicago.
Economy Watch: U.S. Unemployment Edges Down
Employment inched up in December, but not as much as hoped, and retail numbers went up, also not as much as hoped. And Goldman Sachs is being sued again.
Behringer Harvard Adds 424-Unit District at Universal to Its Orlando Portfolio
Orlando, Fla.–With The District at Universal, Behringer Harvard continues to pad its portfolio with premier multifamily properties in core markets.
Laurus Completes Sale of Beverly Hills Site
Los Angeles–Laurus Corporation has completed the sale of a prominent development site in Beverly Hills, Calif.
RealPage Debuts iPad App
Carrollton, Texas–RealPage, Inc. has released Mobile Leasing, an iPad application that provides property managers and leasing agents on-the-go access to real-time property information.