News
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.
Brooklyn Heights Condo Project Reports Brisk Sales
The appetite for condos seems to be back in certain markets, such as parts of New York, if buyers’ enthusiasm for buying them is any indication.
NWP Services Corporation and Spherexx.com® Form Strategic Alliance to Increase Yield Per Unit for Apartment Communities
NWP Services Corporation (NWP) and Spherexx.com announced a strategic alliance to provide improved rent yield options and payment services to apartment communities nationwide that will generate increased revenue for property owners and managers.
Economy Watch: A Bit of Optimism From Case-Shiller
The latest S&P/Case-Shiller Home Price Indices showed that on average home prices increased 1.3 percent in the month of April for both the 10- and 20-City Composites.
Metro 67, Memphis
The word cosmopolitan evokes visions of New York, Paris, Tokyo, Memphis, wait… Memphis, really?
Bundles of Joy
Providers will be adding more services to the standard voice-data-video telecom package.