News
Economy Watch: World Economic Forum Cites Income Disparity as Top Risk
The World Economic Forum, best known for its annual meeting of the world’s economic panjandrums – which begins on Wednesday at Davos, Switzerland – also generates reports, the latest of which was released in time for the high-level conference: “Global Risks 2014.” The report analyses 31 global risks grouped under five categories – economic, environmental, geopolitical, societal, and technological – and measured in terms of their likelihood and potential impact.
Marketing: My Favorite Channel
Apartment marketers share plans for the new year and touch on what’s not working
‘Economy Watch’ Podcast with Dees Stribling: Better U.S., World Growth is Predicted for 2014
MHN’s economic analyst, Dees Stribling, gives his update for the week ending Jan. 17.
Upgrade Your Laundry with the Maytag Maxima XL Laundry Pair
The size and features really bridge the gap between home- and commercial-grade laundry machines, making the machines a perfect choice for condos, smaller assets, or for buildings with smaller laundry rooms on each floor.
Monarch Buys Kansas City Apartments from Equus for $21M
Madison Walnut Creek, a 350-unit apartment complex in Kansas City, has traded hands for $21 million. Denver-based Monarch Investment and Management Group bought the property from Philadelphia-based Equus Capital Partners Ltd.
Economy Watch: Consumers a Bit More Grumpy in January
The Reuter’s/University of Michigan’s consumer sentiment index came in at 80.4 at mid-month January, which was a drop of 2.1 points from the end of December, though still an improvement from 75.1 at the end of November and 72.0 at mid-month November.
Humphrey’s & Partners Sees a Strong Pipeline, Increase in High-Rise Projects
In spite of all the recent construction activity, the apartment market is still supply constrained and should post another year of strong fundamentals, according to panelists on the ‘2014 Kick-Off Webinar for Apartment Development’ hosted by Humphreys & Partners Architects.
Atlanta-Area Apartments Sell for $30M
Bexley Apartments has traded hands for $30.6 million. Carroll Organization, a privately held company specializing in multifamily real estate, acquired the 494-unit property in Marietta, Ga., from Arenda Capital.
Economy Watch: Housing Starts Drop in December, Gain for ’13
The Census Bureau reported on Friday that U.S. housing starts were at an annualized rate of 999,000 units, a drop of 9.8 percent from the November rate, which was 1.107 million units.