News
Economy Watch: GDP Surges in Q2
U.S. real gross domestic product increased at an annualized rate of 4 percent in the second quarter of 2014, according to the first estimate released by the Bureau of Economic Analysis.
For Rent Media Solutions Launches CorporateHousing.com
For Rent Media Solutions™ launched a fully redesigned CorporateHousing.com, a website dedicated to the short-term housing search process.
Abrams Development Acquires Boston Affordable Housing Property
The Abrams Development Co. has inked a deal to acquire the 71-unit Lionhead Apartments in Dorchester district of Boston.
TODAY’S DEALS: Colliers’ Cooke Team Brokers $168.5M Phoenix Portfolio Sale
Colliers’ Cooke Team completes the largest Phoenix multifamily portfolio sale year-to-date; Charles Dunn Company brokers a $6.9 million sale in California’s San Fernando Valley; and Besen & Associates brokers the sales of two Manhattan buildings.
PMG Announces Plans for Development at University Village in Chicago
Property Markets Group has announced its plans to develop a new $35 million residential project near the University of Illinois at Chicago campus in the University Village neighborhood.
French Polynesian Government Selects Hawaii’s Group 70 International for the Development of the $3B Tahiti Mahana Beach Resort and Spa
Group 70 International Inc., one of Hawaii’s largest architectural firms, has been selected as the architect, interior designer and civil engineer on record for a nearly $3 billion resort development in Tahiti.
Multifamily Sales Up in New York in Q2
The number of New York City multifamily building sales increased 18 percent in the second quarter of 2014 compared to the same quarter in 2013, but the dollar volume of those trades rose a modest 1 percent, according to the most recent Ariel Property Advisors quarterly report on the city’s multifamily market.
Walker & Dunlop Servicing Portfolio Surpasses $40 Billion Milestone
Walker & Dunlop Inc. announced today that its loan servicing portfolio crossed over the $40 billion mark.
‘What Renters Want’ with Jessica Fiur: Why You Should Steal the Coca Cola Marketing Plan for Your Apartment Community
The “Share a Coke” marketing plan is genius. You should use some aspects of it when marketing your community.
Madison Realty Capital Acquires Manhattan Mixed-Use Property For $40.2M
Madison Realty Capital has acquired 361 East 50th St., a six-story mixed-use elevator building located in the Midtown East section of Manhattan, for $40.2 million.