News
MassHousing’s David Keene Elected as VP of National Leased Housing Association’s Board of Directors
MassHousing’s David Keene has been elected to serve a one-year term as vice president on the National Leased Housing Association Board of Directors.
First Ritz-Carlton Hotel in Israel Confirms Late 2013 Opening
One of the largest luxury hotel groups in terms of both number of venues and notoriety is set to open its first Israeli location.
Crowning Touch for Chicago High-Rise Apartment Project
The 42-story luxury high-rise apartment community 73 East Lake, under construction in Chicago’s Loop, has been topped off. The announcement was made by the developer, Chicago-based M&R Developmen
Economy Watch: Mortgage Delinquencies, Foreclosures Drop in 2Q
The Mortgage Bankers Association reported that the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to 6.96 percent of all loans outstanding at the end of the second quarter of 2013, the lowest level since mid-2008.
Supportive Housing Development Opens in Chicago Suburb
Myers Place, a supportive housing development in northwest suburban Chicago, has been completed.
The Urban Strategy America Fund Invests in 151-Unit Affordable Community
The Urban Strategy America Fund, a fund at New Boston Fund has closed on the permanent financing for the third financial rental phase of Olmsted Green, a community in Boston.
TODAY’S DEALS: Massachusetts Multifamily Asset Trades for $46.8M
CBRE/New England completes a $46.8 million sale; CAPREIT acquires a portfolio in Dublin; and Berzack Investment Property Advisors brokers a 12-unit sale in California.
Auction.com Research Looks at Impact of Unemployment Rates
Based on the most recent July 2013 Bureau of Labor Statistics Report, Auction.com Research is predicting a slowdown in real estate for the second half of the year.
Builder Confidence in the 55+ Housing Market Shows Significant Improvement in Second Quarter
Builder confidence in the 55+ housing market for single-family homes showed strong continued improvement in the second quarter of 2013 compared to the same period a year ago, according to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI).
Interface Names Jo Ann Herold Chief Marketing Officer
Interface Chairman and CEO Dan Hendrix announced that Jo Ann Herold has been appointed chief marketing officer for the company.