News
The Rainmaker Group Appoints VP of Strategic Initiatives
The Rainmaker Group, a provider of revenue management and profit optimization solutions to the multifamily housing and gaming/hospitality industries, announced the appointment of Steve Tappert to vice president of strategic initiatives.
Jay I. Kislak Celebrates 90th Birthday
Jay I. Kislak, who is acclaimed for his leadership in business, art and cultural realms, turns 90 this year and is marking the milestone with a variety of events.
Woodfield Investments and Bozzuto Partner on Md. Multifamily Community
Woodfield Investments, a privately owned apartment development company, has partnered with Bozzuto Management Company on Hidden Creek, a 300-unit garden apartment community in Gaithersburg, Md.
Trump Brand Extends to India as Panchshil Realty Announces Trump Towers Pune
The Trump brand is entering the Indian real estate market as Panchshil Realty announces the launch of Trump Towers Pune in the cultural capital of Maharashtra.
MARKET SNAPSHOT: New Deliveries in Tucson Skyrocket to Highest Levels Since 2006; Rents Flatline
With local employment on the rise and median home prices well below the national average, multifamily in Tucson is seeing considerable renewal.
Economy Watch: Recovering Housing Market Buoys Fannie Mae
Fannie Mae reported on Wednesday that it had a net income of about $5.1 billion for the second quarter of 2012.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 3, 2012.
Grandbridge Real Estate Capital Hires Director of Agency Lending
Grandbridge Real Estate Capital has hired Frank Guzikowski as executive vice president of agency lending, which includes Fannie Mae, Freddie Mac and FHA loan products.
Multifamily Permits Continue to Rise on Annual Basis
Recent trends in multifamily permitting, which is a volatile indicator of multifamily construction, nevertheless show that there’s strong developer interest in building apartments in the post-Great Recession environment.
Condominiums to Open in NYC Woolworth Building
Alchemy Properties recently acquired a condominium interest in the top 30 floors of the Landmark Woolworth Building in Lower Manhattan. The company plans to create 40 residential units.