News
Economy Watch: Bank Failures Sluggish in ’14
Over the weekend, the FDIC closed its 14th failed bank of 2014, Greenchoice Bank in Chicago.
TODAY’S DEALS: Kislak Completes $136M Multifamily Property Sale–Largest in New Jersey Since ‘11
The Kislak Co. Inc. announced the $136 million sale of Rachel Gardens, a 764-unit apartment community on more than 98 acres in the Pine Brook section of Montville, N.J.; and NorthMarq Capital supplies a $10.6 million refinance for a Chicago redevelopment.
iStar Financial Records Highest Volume of Sales in Atlanta for First Half of 2014
iStar Residential has announced that it has recorded almost $16 million in sales at the Residences at Mandarin Oriental, Atlanta, a 42-story building that is a combination of hotel units and personal residences.
Michaels Organization Educational Foundation Awards $500K
The Michaels Organization Educational Foundation has announced its scholarship distributions for 2014. The foundation gives college scholarships each year to aspiring students who live in the properties owned or managed by the companies.
Insights on Instagram
Buckingham Companies’ team dove into Instagram as a major component of their marketing strategy for CityWay in downtown Indianapolis. MHN caught up with Marketing Manager Nicole Crosby to explore the method behind their success.
Carlson Rezidor Announces Five Portfolio Additions in Saudi Arabia
Carlson Rezidor Hotel Group is expanding its network in Saudi Arabia with the signing of five new projects.
‘What Renters Want’ with Jessica Fiur: An Introvert’s Guide to Property Management
Just because you’re an introvert doesn’t mean you can’t be a great property manager. Here are some tips.
Condo Prices Skyrocket in Downtown Miami
As the current wave of development nears the halfway point, downtown Miami condominium prices are soaring. Prices for existing (prior cycle) resale condo units in the city’s downtown district have ballooned 75 percent over the past 24 months.
Economy Watch: New Home Sales Drop in June
Sales of new single-family houses nationwide came in at an annualized rate of 406,000 units, according to the Census Bureau. That’s 8.1 percent below the May rate of 442,000 units, and 11.5 percent lower than the rate in June 2013.
TODAY’S DEALS: Simpson Housing Sells Property in Affluent South Charlotte Submarket for $32.25M
ARA announced the sale of The Arboretum Apartments, a 277-unit mulit-housing community to an affiliate of The Connor Group; and Capital One Multifamily closes a $25.6 million Fannie Mae loan refinancing apartments in Southern California.