The 2017 MHN Excellence Awards
Don’t miss this opportunity to showcase your company’s talent! We have extended the submission deadline until June 19th.
Economy Watch: Rents Volatile in Many Markets in May
While nationwide apartment rents are still on the rise, several markets have recently faced spikes in rent, according to a recent ABODO report. Rent decreases going into June, on the other hand, were on the smaller side.
5 Tips for Effective Multifamily Email Marketing
Just because more is possible doesn’t mean multifamily operators are using email marketing more effectively.
5 Tips for Effective Multifamily Email Marketing
Just because more is possible, doesn’t mean multifamily operators are using email marketing more effectively.
Economy Watch: Americans Earn More, Spend More in April
The month’s increase in personal income was mainly because of a boost in private wages and salaries, the BEA reported. This bodes well for the wider economy, since wages have lagged productivity for so long.
ACI Brokers $5M Sale in San Diego’s National City
KA Real Estate LLC of Sorrento Valley has purchased the 29-unit community. The 22,352-square-foot building was built in 1964 and underwent renovations.
CBRE Leads Record Sale of OC Community
The brokerage firm arranged the sale of a 21-unit community in Santa Ana, Calif., at one of the highest price-per-square foot values for in the city. The buyer, NNC Apartment Ventures, plans to renovate the property, which was built in 1987.
ARA Newmark Arranges Sale of San Antonio’s Agave
The newly-built luxury mid-rise was acquired by Castle Lanterra Properties, marking the investor’s entrance in the San Antonio market.
Chicago Rents Inch Up; Highest Increase in Douglas Neighborhood
2016 was a year of moderate rent increases in the city of Chicago. The average price for a rental in Chicago went up 5.9 percent year-over-year, closing the year at $1,738/month.
March 2017
Commentary and data were supplied by Michael Neal, a senior economist with the National Association of Home Builders (NAHB).