News
Suria KLCC Sdn Bhd selects Yardi Voyager
Yardi Systems, a developer of software solutions for the real estate investment, asset and property management industry, announced that Suria KLCC Sdn Bhd has selected Yardi Voyager™ for their asset and retail property management operations.
Wolff Acquires 3,098-Unit Apartment Portfolio in Las Vegas
The Wolff Company LLC announced its acquisition of the 3,098-unit “Oasis Portfolio,” comprised of 14 apartment communities located throughout metropolitan Las Vegas.
Carlson Rezidor Hotel Group Signs Three Hotels in China
Carlson Rezidor Hotel Group continued its expansion in Asia by recently announcing that it has signed three new hotels in China. Currently the group has 33 hotels in operation and under management in China.
Emaar Launches Sale of Dubai Luxury Residences
Global property developer Emaar Properties PJSC has begun the sale of its newest residential project, Burj Vi
Apartment and Condominium Market Remains Strong After Small Correction in the First Quarter of 2013
The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), inched down two points to an index level of 52.
MARKET SNAPSHOT: Job Growth in Key Industries Spurs Multifamily Renaissance in San Antonio
San Antonio is beginning to see job growth two percentage points higher than the national average. As such, vacancy is set to fall to 5.5 percent by the end of the year.
Economy Watch: U.S. Banks Are Healthy
According to the Federal Deposit Insurance Corp., American banks had their best-ever quarter during the first quarter of this year.
Chelsea Apartments Sell for $15.9 Million
Two mixed-use buildings on the west side of Eighth Avenue between West 20th and 21st Streets in Manhattan have traded hands for $15.9 million.
MHN Interview: Encouraging Smoke-Free Buildings in NYC
MHN speaks to Rachelle Rochelle, borough manager of the Brooklyn Smoke-Free Partnership, part of the NYC Coalition for a Smoke-Free City, about how the Coalition educates property managers about why they should consider going smoke-free in their buildings.
TODAY’S DEALS: Passco Buys a Class A Community in Indiana
Passco buys a 280-unit asset in an Indianapolis suburb; Grandbridge closes $38.8 million for three communities; and Alliant Capital originates a $1.7 million small loan at a 3.81 percent interest rate.