News
IREM and CCIM Honor Rep. Steve Stivers (R-OH) as ‘Legislator of the Year’
The Institute of Real Estate Management (IREM®) and the CCIM Institute have jointly honored U.S. Congressman Steve Stivers (R-OH) with their 2014 “Legislator of the Year” award.
Economy Watch: Fed Doesn’t Want to Raise Rates
According to the minutes of the most recent Federal Open Market Committee meeting the committee said (in central-bank language) that 6.5 percent U.S. unemployment was no magic number.
Condo Prices Balloon in Seattle, LA, SF
Condominium prices increased in downtown Los Angeles, San Francisco and especially downtown Seattle in March 2014 over the previous year, according to Condominium Pricing Indexes released recently by The Mark Co. for each market.
Second Phase Complete at L+M’s Candlestick Heights Community in SF
L+M Development Partners celebrated the completion of the second phase of construction this month at the company’s first California community, Candlestick Heights, in San Francisco.
TODAY’S DEALS: Walker & Dunlop Arranges $75M Life Company Financing for Development
Walker & Dunlop arranges interest-only construction-permanent financing for Park Meridian; and HFF brokers $14 million in joint venture equity for a condominium project in Scottsdale, Ariz.
Crafting Cooler Content: Best Practices for the Multifamily Industry
Insight on the best practices for multifamily content marketing
Bonjour Capital’s 333 Greene in Brooklyn Launches Leasing
Leasing begins this month for 333 Greene Ave., a new 12-story, 56-unit rental property on the Clinton Hill and Bedford-Stuyvesant border in Brooklyn.
Economy Watch: IMF Says Global Recession Risk Small
The International Monetary Fund said that the risk of another global recession isn’t as high now as it has been in recent years, attributing the declining risk to stronger-than-expected recoveries in the developed world, such as the United States, Germany and the U.K.
LCOR to Begin Leasing New Apartments at North Bethesda Center
LCOR will start leasing at the 341-unit Aurora, its apartment development in North Bethesda, Md., in June.
ZOM Moves Forward With a Pair of New Developments in Miami
Luxury multifamily developer ZOM announced that it has closed on a pair of separate transactions that put the developer and its joint venture partners in positions to add more than 800 high-end rental apartments to the South Florida Market.