News
Economy Watch: FOMC Says Tapering to Continue
Much of the recent economic news came from the Federal Reserve, especially the fact that the Federal Open Market Committee has decided to continue tapering its stimulus of the economy.
Flaherty & Collins to Build First Phase of KC River Development
The Port Authority of Kansas City has inked an agreement with Indianapolis-based Flaherty & Collins to create a mixed-use “urban village” on the Kansas City riverfront.
TODAY’S DEALS: Bascom Group Buys 252 Units in Houston
Bascom acquires an apartment asset in northeast Houston; Pembrook Capital Management closes a $22 million bridge loan to finance renovations at two Atlanta communities; and NorthMarq Capital arranges $18.06 million in acquisition financing.
Trumark Urban to Enter Los Angeles Multifamily Market with 24-Story Condo Project
Trumark Urban has announced that it has acquired a fully entitled development site located at West 11th Street and South Grand Avenue in Los Angeles’ downtown South Park neighborhood.
Perkins Eastman Research Collaborative and the Alzheimer’s Foundation of America Team Up to Identify Best Design Practices for Dementia Care Facilities
Perkins Eastman Research Collaborative and the Alzheimer’s Foundation of America announced the publication of the white paper, “Excellence in Design: Optimal Living Space for People With Alzheimer’s Disease and Related Dementias,” which details best design practices concerning residential care settings for individuals living with Alzheimer’s disease.
G5 Honored as One of Oregon’s Fastest Growing Private Companies for Fourth Year
G5, a provider of Digital Experience Management® (DXM®) for the property management sector, today announced its fourth year of ranking among the fastest-growing private companies in Oregon and southwestern Washington.
Village Green Creates New International Partnership
Village Green, one of the oldest (1919), and largest, private luxury apartment developers in the United States is entering into a partnership with ROCK Advisors, Inc., a Toronto apartment brokerage firm.
Comac Retail Property Group Selects Yardi Voyager
Retail property management consultant Comac Retail Property Group emphasises informality and personal service over rigid structure and hierarchy.
Amish Gupta Announces Seniors Community
A new 120,000-square-foot seniors living community is on the drawing boards for a 4.5–acre site near Texas State Highway 121 and Creek Valley Blvd. in Carrollton, Texas.
Economy Watch: Housing Starts Drop in May
New U.S. housing starts were just over an annualized rate of 1 million units in May—1.001 million units, to be exact—the Census Bureau reported on Tuesday. That’s a 6.5 percent drop compared with the revised April estimate of 1.071 million units, but it’s 9.4 percent above the May 2013 rate.