News
NAA Special Report: Simple Ideas That Have Major Impact on Operations
It’s time to revisit tried-and-true solutions that may fall by the wayside during times of staff turn-over and when seemingly better new ideas come along.
TODAY’S DEALS: Home Properties Buys Maryland Asset for $186M
Home Properties buys a 1,350-unit asset; a 42-unit property trades for $4.9 million in Oakland, Calif.; and Red Mortgage provides $21.2 million in financing to the first 221(d)(4) FHA loan to benefit from North Carolina’s Brownfields Agreement.
MARKET SNAPSHOT: Vacancies and Rents at Extremes in Manhattan; New Development Slowly Materializes
Overall vacancy in Manhattan remained at an incredibly low rate–just over 1 percent–in the first quarter of 2012.
L’Avenue Mixed-Use Residential Tower to Become Tallest in Downtown Montréal
Plans have been unveiled for the construction of what could become the tallest residential building in downtown Montreal.
Jack Sipes Joins Dominium as Senior Vice President of Property Management
Dominium, an apartment development and management company, announced John “Jack” Sipes has been named senior vice president of property management.
Study Shows Multifamily Industry Contributes $5.7 Billion to N.J.
In a new study, the New Jersey Apartment Association and the Edward J. Bloustein School of Planning and Public Policy at Rutgers revealed that the economic contribution of the multifamily industry is a significant component of the New Jersey economy.
Economy Watch: IMF Warns US About Fiscal Cliff
The International Monetary Fund, through its Mission to the United States, said in a press statement that the U.S. economic recovery “remains tepid and subject to elevated downside risks.”
Smart Growth: The Economic Impact of LIHTC Development
The LIHTC program does more than provide affordable housing to families in need. In fact, the economic benefits of LIHTC developments cannot be ignored.
TODAY’S DEALS: Transwestern Arranges Sale of Phoenix Property for $20.8M
Transwestern arranges the sale of a Phoenix property for $20.8 million; and Cohen Financial advises on a $12.45M, 80-percent LTV mortgage.
Reasons Millennials DO Want to Buy
There’s been a lot of press saying Gen Y would much rather rent than buy. But maybe that’s not the case. Here are some reasons Millennials might want to buy.