News
Economy Watch: National Association of Realtors Reports Existing Home Sales Dropped
The National Association of Realtors reported total U.S. existing home sales, including single-family, condos and co-ops, dropped 4.3 percent in November compared with October, down to an annualized rate of 4.9 million units.
NWP Selected in Top Workplaces in The Orange County Register
NWP Services Corporation (NWP), a provider of utility cost recovery and management solutions to the multifamily housing industry, announced that it has been selected as one of The Orange County Register’s Top Workplaces.
Residential Portion of CityCenterDC Opens
The Apartments at CityCenter and the Residences at CityCenter, two multifamily components in the mixed-use CityCenterDC in the nation’s capital, have started accepting residents.
TODAY’S DEALS: NGKF Completes $30M Sale of Flushing Redevelopment Site
A NGKF sale paves the way for a mixed-use development; Spirit Bascom Ventures acquires its second N.Y. property in a $33.1 million transaction; and Centerline closes $28.3 million in Fannie Mae financing for a multi-property deal in the Southeast.
Risk Mitigation 101: Insurance Best Practices for Apartment Owners
Five steps apartment owners can take to mitigate risk.
Economy Watch: New Housing Starts Rise in November
Private housing starts in November came in at an annualized rate of 1,091,000 units, according to the Census Bureau.
Bernards Bringing 512-Bed Student Housing to CSU-Bakersfield
Bernards is developing a $34.8 million design-build student-housing project on the Bakersfield campus of California State University in collaboration with San Jose-based Steinberg Architects.
Rose Associates to Renovate Manhattan Community
Work is under way on an extensive renovation of the Melar, a 22-story multifamily property at 93rd St. and Broadway in Manhattan.
Somerset and NHT/Enterprise Form JV to Purchase and Redevelop DC Affordable Housing Community
Somerset Development Company and the National Housing Trust-Enterprise Preservation Corporation have entered into a joint venture for the purchase of the 223-unit Channel Square Apartments located at 325 P Street SW in Washington, D.C.
TODAY’S DEALS: Carroll Organization Acquires 298 Units in Orlando
Carroll Organization completes a $36.6 million buy; Kennedy Wilson expands with $160 million in West Coast acquisitions; and Walker & Dunlop arranges $43.5 million acquisition financing with interest-only terms.