News
Economy Watch: Case-Shiller Reports New Quarterly Lows
According to S&P Indices on Tuesday, the latest Case-Shiller Home Price Indices showed that all three headline composites ended the first quarter of 2012 at new post-housing crisis lows.
Second Year in Business, RealDirect.com Expands With New Office and Staff
RealDirect.com announced their expansion into a new office and the addition of three new agents. More than a year out of beta, the firm’s alternative real estate model is growing successfully in New York City.
Staten Island Condos Out of the Gate Running
The appetite for condos in New York has been reviving lately, with new product moving at a quicker pace than since before the recession, according to brokers in the trenches.
TODAY'S DEALS: Tryko Acquires 170-unit HUD-Subsidized Seniors Asset
Tryko Partners buys a 170-unit seniors housing asset in Pennsylvania; Red Mortgage Capital LLC finances a $29.5 million structured ARM for a UDR property; and Charles Dunn Co. sells a 28-unit property in Canoga Park, Calif.
Fifth Avenue Gets More Luxurious
Manhattan is famous for its skyscrapers, but these are usually office buildings. But with the launch of 1214 Fifth Avenue, which has 53 stories, the Upper East Side is getting its tallest luxury rental building.
Wilkinson Construction Company Announces New Leadership
Wilkinson Construction Company Inc. announced the appointment of John Wicklund IV to president and chief operating officer.
Treat Your Amenity Space to an Ultra-Modern Look with ‘White Ice’
Are you looking to make a bold statement in your common spaces? If not, you should be. They say you can always judge someone by their shoes. In the same vein, you can always judge a building by its flooring. Miami-based Surfaces has just released a new unique tile material consisting of a crystallized glass surface on a porcelain body—and there is nothing on the market quite like it.
Opus Begins Construction on Village of Lisle Luxury Multifamily Development
Opus Development Corporation has begun construction on Arboretum Landmark, a four-story luxury apartment complex in Lisle, Ill.
Join a Live Facebook Chat with Marketing Expert Kate Good on June 5th
Multifamily marketing expert Kate Good, one of the founders of Apartment All Stars, a national apartment sales and marketing seminar tour, will be taking over the Multi-Housing News Facebook page http://www.facebook.com/MHNonFB on June 5th at 2 p.m. EST, to answer all of your questions.
Economy Watch: Memorial Day Travel Up, Gas Prices Down
Peppier consumer sentiment may be encouraging Americans to take the road. Just ahead of the holiday weekend, AAA predicted that 34.8 million Americans would travel 50 miles or more from home during that period, an increase of 1.2 percent compared with the Memorial Day period in 2011.