Jersey City Condo Development Bucks Sluggish Sales Trend by Selling
Jersey City, N.J.–Summer has traditionally been a slow sales season for condos
Apartment Industry on the Mend: NMHC Survey
Washington, D.C.–The National Multi Housing Council’s latest quarterly survey of market conditions sounds some optimistic notes for the apartment business.
Developers Anticipating the Return of Multifamily Property Buyers to the Yucatan
Tulum, Mexico–With recovery, the promoters of such properties are once again optimistic.
Mid-America Apartment Communities Launches Mobile-Friendly Websites
Memphis, Tenn.–Mid-America Apartment Communities has launched mobile-friendly websites to make apartment hunting easier and more convenient.
Three Investment Sales Professionals Join NorthMarq in Philadelphia
Minneapolis–NorthMarq recently hired Joe Verdejo and Jim Sheehan as senior vice presidents, with Valerie Falco serving as the team’s client coordinator. They will focus on representing sellers and buyers of multifamily properties in Pennsylvania, New Jersey and Delaware. “We are very excited for this team to join NorthMarq,” says Mike Ohmes, executive vice president, transaction and advisory services for NorthMarq. “Greater Philadelphia is an important location to add to our growing national investment sales practice. We look forward to the synergy that will develop between this experienced investment sales team and our existing capital markets and real estate advisory professionals…
Developers Anticipating the Return of Multifamily Property Buyers to the Yucatan
Tulum, Mexico–With recovery, the promoters of such properties are once again optimistic.
Integra Survey: Multifamily Valuations Have Stabilized; Will Go Up
New York–Commercial real estate has been looking for that elusive turnaround ever since the Panic of 2008.
Sharon Dworkin Bell
Sharon Dworkin Bell, senior vice president at the National Association of Homebuilders (NAHB) gives MHN a Washington D.C. update.
Fundamentals of Multifamily Look Promising: CoStar Webinar
Chicago–Vacancies fell in the largest markets 30 basis points in the first six months of 2010.
Gulf Coast Residential Real Estate to Take a Hit
Santa Ana, Calif.–According to CoreLogic, the impact of the BP DeepWater Horizon oil spill on residential values in coastal counties along the Gulf of Mexico is expected to range from $648 million to $3 billion.