News
Economy Watch: Homebuilders Happy
American homebuilders have finally climbed out of their crummy funk, according to the National Association of Home Builders.
Two Michigan Apartments Refinanced
In another example of borrowing cheaply while it’s still possible, two apartment properties near Ann Arbor, Mich., have obtained refinancing.
NWP Services Offers New Service Offerings for Utility Cost Recovery and Energy Management
NWP Services Corporation (NWP), a provider of utility cost recovery and management solutions, is introducing a reimagining of services.
TODAY’S DEALS: Steadfast Adds Three Assets to Portfolio in $62M Acquisition
Steadfast Income REIT acquires 642 units; ARA brokers a sale in Virginia; and NorthMarq arranges a $16.7 million mortgage from a life insurance company.
Related Companies’ National Portfolio Goes Smoke-Free
Related Companies, a privately owned real estate company, announced that its entire national portfolio is going smoke free. This portfolio contains more than 40,000 luxury, workforce and affordable communities located across the country in 17 states.
Builder Confidence Hits Major Milestone in June
Builder confidence in the market for newly built single-family homes hit a significant milestone in June, surging eight points to a reading of 52 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.
Carmel Partners Names David McWhorter Head of Investor Relations
Effective July 8, 2013, David (“Mac”) McWhorter will join the real estate investment management firm of Carmel Partners as managing partner, head of investor relations, the firm announced today. McWhorter will be based in the firm’s San Francisco headquarters.
Marcus & Millichap Outlook: Economy Scoring Steady Gains
The U.S. economy is experiencing a slow, steady expansion in spite of recurrent headwinds, Marcus & Millichap reports in its mid-year apartment market outlook.
Economy Watch: IMF Cuts Estimate for U.S. Growth
The International Monetary Fund reported that it expects the U.S. economy to grow by a relatively anemic 1.9 percent in 2013, while asserting that growth could be as much as 1.75 percentage points more than the estimate, but the sequester is getting in the way.
Apartments Coming to Ohio City Neighborhood
Apartments are coming to one of the oldest neighborhoods in Cleveland. Two recently announced projects are expected to deliver more than 250 apartments to Ohio City, a place where apartments are greatly needed.