News
Judge Rules in Favor of City of Orange Property Owners Association: Annual Inspections of Units Unenforceable
A judge of the New Jersey Superior Court, considering a challenge filed by a property owners group of the City of Orange, ruled that the City’s annual inspection ordinance, which was enacted in December 2010, and required annual inspections of rental properties, was void and unenforceable.
New and Updated Credits Introduced into LEED Pilot Credit Library
The U.S. Green Building Council’s (USGBC) next update to the LEED green building program, LEED 2012, will include various updates to credits within the LEED Pilot Credit Library.
Mobile Maintenance
Portable devices are creating more efficient teams and enhancing resident retention efforts.
National Multi Housing Council Promotes Kim Duty To SVP
The National Multi Housing Council promoted Kim Duty to senior vice president of public affairs and industry initiatives.
TODAY'S DEALS: IPA Sells 180-Unit Asset for $74M
IPA sells an asset totaling 180 units; Pembrook Capital provides an $8.4 million bridge loan; and NorthMarq arranges a $16.4 million refinance via a life insurance company.
California Buyer Acquires Third Louisville Apartment Complex
Steadfast Income REIT Inc. has acquired Renaissance St. Andrews Apartments, a garden-style residential property in Louisville, Ky.
Astoria Condos Sell Out
In a bit of news that used to be common in the New York market, but which is now not quite so ordinary, a condo development is reporting that it’s sold out.
New Apartments Add to Norwest Woods' Success Story
Chestnut Hill Realty has added 54 new one-bedroom apartments to Norwest Woods. The new apartment homes represented almost 10 percent of all new apartments built last year in the Greater Boston area.
Economy Watch: Employment Picture Improved in '11
Initial unemployment claims for the week ending Feb. 25 edged down 2,000 to 351,000, according to the U.S. Department of Labor.