Apartments Capitalize on the Trend toward Sustainable Development
The rental housing industry stands to benefit from a number of trends, including the increasing emphasis in urban planning and land-use policy to encourage compact development.
‘The Accidental Economist’ with Jack Kern: NMHC Has Great Parties
I just got back from the National Multi Housing Council’s annual apartment festival, and to tell you the truth, I had a great time. For one thing, I never saw so many ruby slippers on acquisition and development guys, wandering around waiting to click their heels together to end up in Kansas. Apparently off-market and non-core deals are becoming all the rage as yield meets cornfields and the wide-open plains. Being a St. Louis boy (go Cardinal nation), I suppose that it’s only fitting that the Midwest somehow ended up being part of the acquisition binge again. Did I mention…
MyNewPlace PINK Raises Money for Breast Cancer Research
MyNewPlace PINK sets out to raise $100K for breast cancer research.
‘Foong on Finance’ with Keat Foong: The Apartment Market Recovers
The news looks good. The unemployment rate in December fell from 9.8 percent to 9.4 percent. However, the number of jobs added was only 103,000—less than the roughly 150,000 new jobs that are needed per month just to keep pace with entrants into the labor market. And everyone knows by now that half of December’s decline in the unemployment rate is attributed to those who dropped out of the labor force and are no longer counted in the unemployment rate. Still, the apartment market is due to have a good 2011, even it will probably take many, many years for…
‘On the Ground’ with Eric Brown: Digital Domination
Bringing Twitter, Flickr, YouTube and Facebook into your marketing strategy has become essential to expanding your presence and communicating with your community.
DEAL OF THE DAY: Marcus & Millichap Brokers $52.3M Sale of Apt. Property in Bay Area
Burlingame, Calif.–Marcus & Millichap has brokered the $52.3 million sale of Skyline Terrace, a 138-unit, 174,371-square foot multifamily property in Burlingame, a suburb of San Francisco.
Eliane Introduces Ecocement Floor and Wall Tiles
Brazil-based company Eliane has launched its new collection called Ecocement, which has been constructed with 20 percent pre-consumer recycled content for LEED designs with tile in commercial or residential building projects.
INVESTMENT: Transwestern Named Exclusive Sales Agent for 1,107-Unit Multifamily Portfolio
Bethesda, Md.–Transwestern’s Bethesda, Md.-based multifamily group has been named by United Investors Management Corp. as exclusive agent for the sale of a 1,107-unit multifamily portfolio located in Prince George’s County, Md.
Oi Cellular Furniture: A Unique Couch to Lounge On
Oi’s new cellular furniture system is a unique line of seating and surface components, which fit onto a 30-in. x 30-in. base to create a cell. The cells can be combined to create hundreds of configurations.
INVESTMENT: Engler Places Florida Class A Apt. Community on the Market
Lake Mary, Fla.–Engler Financial Group, LLC has been selected as the exclusive sales agent for Bentley Park at Timacuan.