News
PROFILE: Dieter Greiner, Architect
Dieter Greiner is an architect who brings lessons in building efficiency to American developers–courtesy of German design and engineering.
Economy Watch: Existing Home Sales Spike in April
Existing home sales saw a welcome boost in April, up 3.4 percent to an annualized rate of 4.62 million units, according to the National Association of Home Builders.
TODAY'S DEALS: Champion Picks Up 218-Unit Asset in Ohio
Champion Real Estate Services completes a $11.8 million purchase in Ohio; a joint venture breaks ground on a 440-unit development in Los Angeles; and NorthMarq Capital arranges $26.5 million in funds from a life insurance company.
Beyond Luxury: The Nahho Flotation Tub
The Nahho bath from Duravit is so spacious that it is dubbed a ‘floatation tub.’ With features like a Bluetooth connected sound source and a waterfall tap, it is no surprise that Duravit’s EOOS design group built this tub from the ground up to achieve the highest possible state of relaxation.
Vacancies Down, Rents Up in Chicago Apartment Market
Recently employed residents are forming new rental households in Chicago, which generates positive net absorption of apartment units; however, there isn’t enough supply yet to meet that increasing demand.
MEB Rolls Out Web Services for Residents
MEB (Morrison Ekre Bart) Management Services, an Arizona-based fee management company, has partnered with Property Solutions International Inc., a provider of property management websites and payments, to bring online applications, leases and payments to customers.
Long Island City's L Haus Surpasses 80-Percent Sold
The L Haus condominium, developed by the Stahl Organization in Long Island City, has recently reached the 85-percent sold sales plateau.
Just Energy Announces Partnership with Edmonton's Mustard Seed Housing Initiative
Just Energy, a North American retailer of natural gas, electricity and green energy, has donated $10,000 to The Mustard Seed Edmonton, an inner city social services agency.
Economy Watch: Economists Less Dismal About Economy
In its May 2012 Outlook, which was released on Monday, the National Association of Business Economists was a bit more optimistic than in the previous survey, published in January.
TODAY'S DEALS: Investcorp Buys 1,076-Unit Houston Portfolio
Investcorp acquires four properties in Houston’s Copperfield master-planned community; American Realty Advisors buys a 224-unit asset in North Dallas; and Hendricks & Partners negotiates a $14.4 million apartment sale.