News
‘What Renters Want’ with Jessica Fiur: What Valentine’s Day Can Teach Property Managers
Here are several ideas from Valentine’s Day that property managers can use in their communities.
Economy Watch: Retail Sales Inch Up
U.S. retail sales grew at their slowest rate in three months, the Census Bureau reported.
TODAY’S DEALS: AEW Buys 128-Unit Hoboken Asset for $67M
AEW Capital Management completes a Hoboken buy; Bloomfield Capital closes a $3.3 million bridge loan for a Houston property; and Arbor Commercial Mortgage funds $9.6 million in FHA financing for a portfolio of properties in Puerto Rico.
Third Phase of Decatur Development Set to Begin
The Decatur Housing Authority is preparing to break ground on the third phase of the $30 million redevelopment of the Allen Wilson Terrace Public Housing community.
Pollack Shores Acquires Luxury Community for $28.2M
Pollack Shores Real Estate Group has recently acquired a 252-unit multifamily community in Melbourne, Fla., for $28.2 million. The community, called Polo Glen Apartments, is currently 94 percent occupied.
BEMT Invests in 24-Story Mixed-Use Luxury Rental Community
Bluerock Enhanced Multifamily Trust has recently announced its investment in MDA City Apartments, a mixed-use luxury rental community in downtown Chicago. The New York-based non-traded real estate investment trust has partnered with Village Green, the owner of the 24-story building. Village Green is an owner / operator with a portfolio of around 40,000 units in 13 states.
IREM Community Service Project Honored by the Brees Dream Foundation
A community service project undertaken jointly by the Institute of Real Estate Management (IREM®) and its Louisiana Chapter No. 55—benefitting St. Michael Special School in New Orleans—recently was honored by the Brees’ Dream Foundation.
Dana Strand Senior Apartments Wins NAHB’s Gold Award for Best 50+ Affordable Rental Community
Dana Strand Senior Apartments has recently won NAHB’s Best of 50+ Housing Awards—Gold Award for Best 50+ Affordable Rental Community.
Yardi Systems Deploys Unified IP Business Communications Software from Interactive Intelligence
Yardi Systems, a provider of property management software and services, has deployed unified IP business communications software from Interactive Intelligence Group Inc.
Economy Watch: President Reiterates Economic Proposals
As expected, much of President Obama’s State of the Union address on Tuesday focused on the economy, and in particular what he wants to do about the nervous economic state of the American middle class.