News
TODAY'S DEALS: Waterton Re-Enters Portland Market with $77.2M Purchase
Waterton Associates buys a 554-unit community in Beaverton; IPA brokers the sale of a 460-unit community in California; and Summit Management Services Inc. acquires a luxury community in Fort Collins.
Yardi Announces Voyager SaaS and Private Cloud Solutions
Yardi announced the release of Voyager S, a Software as a Service (SaaS) successor to its Yardi Voyager™ software. Voyager S has all the features of Yardi Voyager version 6.0 in a SaaS model and is initially available for residential and commercial clients in North America.
Redesign of The Martin in Las Vegas Coming Up Aces
The $3 million redesign of The Martin, a residential tower near the Strip, has helped create a new niche in the Las Vegas luxury high-rise residential market.
Economy Watch: Jobless Claims Down, Lending Indicators Up
During the week ending March 17, initial unemployment claims were 348,000, a decrease of 5,000 from the previous week’s revised figure of 353,000, and a four-year low, according to the U.S. Department of Labor on Thursday.
Brent Wessel Joins Red Mortgage Capital LLC in Newport Beach Office
Brent Wessel joined commercial real estate lender Red Mortgage Capital LLC as a managing director, Commercial/Multifamily Loan Originator based in the firm’s Newport Beach, Calif., office.
PROFILE: The Empire Group
The Empire Group is one of the nation’s largest and most active acquirers of distressed and foreclosed single-family homes, and it looks forward to applying to acquire properties under Fannie Mae’s REO-to-Rental pilot program.
Zipmark Holds Celebratory Event in Brooklyn
Zipmark, a digital payment processing service that allows renters to pay bills online, held an event in Brooklyn last night to celebrate the recent release of its Developer Program—a secure payment system built for a variety of businesses and online developers—and the upcoming release of its iPhone app.
Ground Broken for Arlington Apartments
More multifamily ground has been broken in the red-hot metro Washington, D.C., market with the beginning of Grayson Flats Arlington, a 67-unit apartment building.