News
SPECIAL REPORT: Improving Performance Through Personal Accountability
At the recent National Apartment Association Education & Exposition in Boston, Andrew Botieri, Total Peak Performance, presented a session titled “Improving Performance Through Personal Accountability,” which described the importance of taking responsibility at your property.
Economy Watch: First Quarter Growth Sluggish
The Bureau of Economic Analysis released its final estimate for U.S. economic growth during the first quarter of this year.
Robust New Jersey Development Buoying Optimism
An unprecedented number of new multifamily units now or soon to be underway in northern New Jersey has market observers keenly focused on the development pipeline.
TODAY’S DEALS: Walker & Dunlop Funds $32.2M Freddie Mac Loan
Walker & Dunlop refinances a 330-unit asset; a Texas property is refinanced by Beech Street Capital; and an Archstone, FUTURA joint venture breaks ground on a new development in Florida.
Rehab of Virginia Affordable Housing Property Set
Work will soon be under way on the rehabilitation of Parkway Village Apartments, a 126-unit affordable multifamily property in Waynesboro, Va.
MARKET SNAPSHOT: Vacancy in Orlando Falls to Lowest Level in Six Years
As hiring accelerates and new multifamily construction remains minimal, vacancy in Orlando is expected to fall 60 basis points to 6.1 percent this year—the lowest annual level since 2006.
Economy Watch: Pending Home Sales Rise
Consumers and investors are supposed to be nervous during this dry summer of 2012, but homebuyers seem determined to go ahead with their plans to buy—more of them than previously, at least.
Washington Heights Property Receives $21.5 Million for Rehabilitation
A Washington Heights affordable housing building will receive $21.5 million in financing to fund extensive rehabilitation on the property.
TODAY’S DEALS: Affordable Green Project Opens in Newark
RPM’s LEED certified affordable asset opens; a $10 million mixed-use site hits the Miami market; and Johnson Capital’s Dallas office arranges bridge, acquisition and rehab loans in Texas and Kansas.