News
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.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 8.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Trade Street Residential Redeems Non-Controlling Interests
Full-service, self-administered and self-managed real estate investment trust Trade Street Residential announced the redemption of the non-controlling interests in four of its property-owning subsidiaries for total consideration of approximately $7.7 million.
Economy Watch: Housing Prices Spike in Most Markets
All three S&P/Case-Shiller Home Price composites indices, which were published by S&P Dow Jones Indices, showed double-digit annual increases for the three months ending in March.
Maplewood Readies Connecticut Site for Seniors Development
Maplewood Senior Living has closed on a six-acre development site in Bethel, Conn., for an assisted living and memory care facility.