News
Economy Watch: Housing Starts See Uptick in March
U.S. housing starts in March came in at an annualized rate of 946,000 units, according to the Census Bureau on Wednesday. This is 2.8 percent higher than the revised February estimate of 920,000 units, but 5.9 percent lower than the March 2013 rate of 1.01 million units.
High-End Atlanta Condo Residences at Mandarin Oriental Sell for $6M-Plus
Recently three luxe condos at the Residences at Mandarin Oriental in Atlanta sold for a combined price of $6.3 million.
Social Media Takeaways from the US Airways Pornographic Twitter Incident
US Airways recently accidentally tweeted an inappropriate image to a customer. Property managers could get some takeaways for their community’s social media pages from this incident.
White Plains Housing Authority, Jonathan Rose Companies to Develop $42.18M Affordable Housing Community
The White Plains Housing Authority in partnership with Jonathan Rose Companies has broken ground on a $42.18 million affordable housing community, The Prelude, in the first phase of efforts to revitalize at the Brookfield Commons campus in White Plains, N.Y.
TODAY’S DEALS: Pacific Southwest Arranges $32M for Calif. Apartments
Pacific Southwest Realty Services secures $32 million for a 447-unit asset via a life company; NorthMarq Capital negotiates a $26.3 million student housing acquisition in West Virginia; and Centerline provides a $4.8- million FHA 223(f) loan to refinance an affordable housing property.
Lynn Richards Named President and CEO of the Congress for the New Urbanism
Nationally recognized smart growth expert Lynn Richards will become the next president and chief executive officer of the Congress for the New Urbanism, the organization announced today.
Housing Starts Rise 2.8 Percent in March, According to NAHB
Led by a 6 percent rise in single-family starts, nationwide housing production rose 2.8 percent above an upwardly revised February rate of 920,000 to a seasonally adjusted annual rate of 946,000 units in March, according to newly released figures from HUD and the U.S. Census Bureau.
OzProp Selects Yardi Voyager 7S in Australia
Yardi announced today that Australian wholesale real estate investment trust manager OzProp selected Yardi Voyager® as its new property management and accounting platform.
BNE Real Estate Group Unveils Luxury Rental Community in Jersey City
Warren at York, a new luxury rental property in Jersey City, N.J., has been given its grand opening.
Economy Watch: Homebuilders a Little More Optimistic
The National Association of Home Builders reported that that the NAHB/Wells Fargo Housing Market Index, which gauges builder confidence in the market for newly built, single-family homes, rose one point to 47 in April from a downwardly revised March reading of 46.