News
MHN Interview: Madison Apartment Group’s Strategy to Appeal to Gen Y Renters
Madison Apartment Group LP, the multifamily area of BPG Properties Ltd., recently rebranded their website to appeal to Gen Y renters.
Regency Apartments Selects Grace Hill, Inc. for Custom Course Development
Grace Hill, Inc., a provider of online education and learning management solutions for the multifamily housing industry, recently announced that Regency Apartments selected the company to develop its new online employee orientation course designed to meet specific company objectives.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 6, 2012.
Housing Finance Reform Must Provide Reliable Credit to Home Buyers, NAHB Tells Congress
The National Association of Home Builders (NAHB) recently told Congress that proposed mortgage lending reforms under the Dodd-Frank Act must be imposed in a manner that causes minimum disruption to the mortgage markets while ensuring consumer protections.
The JBG Companies Named NAIOP 2012 Developer of the Year
NAIOP, the Commercial Real Estate Development Association, recently announced that The JBG Companies has been selected as the national 2012 Developer of the Year.
Torg Joins Bainbridge Companies as Sr. Development Director for Northeast
Joseph S. Torg has joined The Bainbridge Companies as senior development director – Northeast. He is based in Bainbridge’s new Westport, Connecticut office.
Financing in Place for Denver Rental Property Acquisition, Rehab
Los Angeles-based commercial real estate investment banking firm George Smith Partners has arranged financing to permit its client Bruckal Properties Inc. to acquire and rehabilitate the high-rise Wellshire Arms Apartments, a rental community situated on South Colorado Blvd. in Denver.
Economy Watch: Job Openings Edge Up, Still Lackluster
As it always does during the week after the monthly jobs report, the Bureau of Labor Statistics does a follow up called the Job Openings and Labor Turnover Summary, which it released on Tuesday. The survey’s various measurements give a picture of how much churn there is in the labor market.
APARTMENT MARKET STATISTICS: July 2012
Data from the July 2012 Apartment Market Statistics section shows total returns fell for apartments, but permits are up‑and above the 200,000-unit level for the fifth straight month.
Kevin Smith Joins CAPREIT Inc. as Senior Vice President
CAPREIT Inc., a privately owned real estate company, announced it has hired Kevin Smith as a senior vice president.