News
McKinley Hires John Jachna as Asset Manager
McKinley recently announced that John Jachna has accepted the position of director asset management, Residential Real Estate.
Two Dallas Apartment Properties Trade Hands
Peak Capital Partners has bought a two-property 1980s apartment portfolio totaling 560 units in Dallas from Landmark Residential.
Institute of Real Estate Management Installs 2013 Officers
The Institute of Real Estate Management (IREM®), an international community of more than 17,000 real estate managers across all property types, installed its officers for 2013 during its just-concluded Fall Leadership Conference held in New Orleans.
MHN Interview: Steadfast Income REIT’s President on How Echo Boomers are Affecting the Apartment Market
Ella Shaw Neyland was recently promoted to president of Steadfast Income REIT Inc. MHN talked to Neyland about her new position and her thoughts on why echo boomers are the best thing to happen to the apartment market.
TODAY’S DEALS: American Campus Communities to Buy 19 Assets
American Campus Communities announces big acquisition plans; Essex Property Trust buys a community in San Jose, Calif.; and Walker & Dunlop provides $70.2 million for a historical portfolio in Pennsylvania.
344K SF Masdar and International Renewable Energy Agency HQ Breaks Ground
Masdar City, the low-carbon, low-waste, emerging cleantech cluster and one of the most sustainable communities and mixed-use developments in the world continues its trailblazing development.
Rezidor Announces Plans to Open the Park Inn by Radisson Astana in Kazakhstan
The Rezidor Hotel Group, a member of the Carlson Rezidor Hotel Group, has announced plans to open the Park Inn by Radisson Astana in Kazakhstan.
Chestnut Hill Realty Expands West Roxbury Multifamily by 48 Units
Chestnut Hill Realty completed a $12 million expansion to its Ridgecrest Village Apartments, adding a new 48-unit building and bringing its total to 389 apartment homes in the West Roxbury, Mass., community.
MARKET SNAPSHOT: Chicago Sees Largest Payroll Expansion Since Financial Crisis
The Chicago metro area added 35,000 non-farm jobs in the last 12 months, indicating that employment in the nation’s third-most populous city is seeing a comeback.
Economy Watch: Residential Delinquencies Jump in September
The Census Bureau reported on Wednesday that sales of new single-family houses were at an annualized rate of 389,000 in September 2012, which is 5.7 percent above the revised August rate of 368,000 and 27.1 percent above September 2011’s rate of 306,000.