News
‘What Renters Want’ with Jessica Fiur: Are Apartment Communities Trying to be Like Dorms?
Are resident parties and activities borrowed from student housing? And is this a good thing?
Commercial/Multifamily Delinquency Rates Decline in Q2, According to MBA
Delinquency rates for commercial and multifamily mortgage loans declined in the second quarter of 2013, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.
NAHB: Shortage of Lots Slows Housing Recovery
A shortage of buildable lots, especially in the most desirable locations, has emerged as one of the key factors holding back a more robust housing recovery, according to the latest survey on the topic conducted by the National Association of Home Builders.
Tower Companies Announces Executive Promotions
Tower Companies, a sustainable real estate and property management company that pioneered the building of U.S. Green Building Council (USGBC) LEED® Certified residential and commercial properties in the National Capital Area, announced several promotions.
Alliance Residential Company’s The Hesby Gets Star Treatment in North Hollywood
The Hesby, a new six-story, $50 million, 308-unit apartment community offering upscale amenities reminiscent of those found at swanky resort hotels, has opened at 5031 Fair Ave. in North Hollywood (NoHo).
TODAY’S DEALS: AIMCO Acquires a Luxury Atlanta Community
Colliers closes a 30-unit sale in Atlanta; Equus buys a 251-unit community in Missouri; and Starlight acquires an interest in a Texas asset.
Economy Watch: Construction Spending Edges Up, No Thanks to Sequestration
Construction spending saw an uptick of 0.6 percent in July compared with June, according to the Census Bureau.
South Street Partners Spurs Interest in Luxury Condos with Enticing Contest
Luxury finishes, ocean views and the possibility of winning a new car are credited to almost selling out North Beach Towers, a new condominium community in North Myrtle Beach, S.C. Currently, only 40 units remain of the 337 units total.
Rutherford Investments’ Multifamily/Mobile Home Portfolio Obtains $174M in Financing
Rutherford Investments has obtained $174 million in financing for a multifamily and mobile home park portfolio that the company owns in California.
Senior Lifestyle Developing Retirement Community in Northbrook, Ill.
Senior Lifestyle is developing North Shore Place, a five-story retirement building in Northbrook, Ill., that is set to open in summer of 2014.