News
MARKET SNAPSHOT: With Demand Steady, L.A. Property Managers Turn to Rent Hikes to Boost Revenue
With payrolls expanding and vacancies trending downward, many property owners in the City of Angels are seeking to raise rents as apartments turn over in order to generate additional revenue.
Carla Stoner Joins Harbor Group International as Chief Financial Officer
Harbor Group International, a privately owned real estate investment and management firm, has named Carla Stoner chief financial officer.
N.J. Condo Community Offers Remarkable Amenity Package
It’s sometimes difficult for a condominium to stick out, which is why MWHF Palisades Park, developer of Trio in Palisades Park, concentrated on providing the community with a stellar amenity package.
Two Northeastern Apartment Properties Refinanced for $23M
Two Northeastern multifamily properties have obtained Fannie Mae refinance loans totaling about $23.1 million. The larger of the two properties is in Pennsylvania, while the other is in New Jersey.
TODAY’S DEALS: Steadfast Buys Three Communities for $68M
Steadfast Income REIT acquires three assets for $68 million; a Phoenix asset trades for $30.9 million; and NorthMarq Capital arranges a $24 million Fannie Mae mortgage.
Elizabeth Ann Stribling-Kivlan Named President of Stribling & Associates
Stribling & Associates has announced that Elizabeth Ann Stribling-Kivlan has been named president of the 32-year-old firm.
Mortgage Rates Drop to New Lows in Latest MBA Weekly Survey
Mortgage applications increased 6.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending December 7, 2012.
Boston Capital Invests in Wisconsin Affordable Apartment Rehabs
A pair of Wisconsin affordable apartment communities, Gilbert Court Apartments in Elkhorn and Havenwood Apartments in Lake Geneva, will be rehabilitated, thanks to an investment by Boston Capital.
Economy Watch: Job Openings Up
The Bureau of Labor Statistics, in its latest Job Openings and Labor Turnover Summery reported that the number of job openings in October was 3.7 million, basically the same as in September.
‘What Renters Want’ with Jessica Fiur: 4 (More) Amenities That Probably Aren’t Worth the Investment
Previously, I mentioned five amenities that might not be worth the investment. Here are four more that you might consider skipping.