Development
Builder Confidence Rises Six Points in July
Builder confidence in the market for newly built, single-family homes rose six points to 57 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for July.
APARTMENT MARKET STATISTICS: July 2013
Multifamily housing starts averaged 325,000 in the first quarter—exceeding the annual average observed in any year since the 1980s, according to the National Association of Home Builders. Housing starts increased in March to a seasonally adjusted annual rate of 392,000 units. Permits fell to seasonally adjusted rate of 283,000, however.
ON DEMAND WEBCAST: Legislative and Regulatory Trends in Utility and Energy Management
Laws mandating submetering and energy benchmarking are spreading across the country. This webcast outlines laws, regulations and legalities impacting utility and energy management, as well as legislative trends that ultimately can have implications for the bottom line of apartment owners and managers. View a recording of this webcast. Leading the panel is Michael Foote, NWP Services Corp.’s senior regulatory and corporate counsel. Foote is regarded as an industry expert in utility billing laws. Foote is joined by Mary Nitschke, director of ancillary services, at Prometheus Real Estate Group. At Promethues, Nitschke’s responsibilities include managing utility consumption, mining for rebates, determining…
Infographic: Movin’ On Up
Skyscrapers, ones the domain of businesses, are more and more becoming places to call home.
Art’s at the Heart
More developers embrace public art as part of residential projects.
Upcoming Webinar to Outline Legislative and Regulatory Trends in Submetering, Utility Management
Join us in a webinar that will address important legislative and regulatory trends that will impact submetering and other forms of utility and energy management.
MHN Interview: Challenges and Trends in Affordable Housing
Pennrose, a development and property management company located in Philadelphia, recently hired a new vice president of operations, Lopa Kolluri, who previously worked at HUD. MHN talks to Kolluri about her new position and some challenges and trends affordable housing is seeing
TODAY’S DEALS: CBRE Global Investors Acquires D.C.-Area Community
CBRE buys a 413-unit asset in Ashburn, Va. and HFF provides a $13.8 million mezzanine loan for an Edwards Companies development.
TODAY’S DEALS: NorthMarq Arranges $32M for California Construction
NorthMarq arranges construction financing for a JV development; Korman Communities sells a 124-unit community with help from HFF; and Crescent Communities buys two acres for a TOD development in Orlando.
American Society of Radiologic of Technologists Debuts $8.5M Expansion
In October 2011, The American Society of Radiologic Technologists was announcing the incipient stages of renovation of its Albuquerque office. The construction project included the addition of 30,000 square feet to the existing building.