News
Economy Watch: Jobless Claims, Leading Indicators Static
The U.S. Department of Labor reported that initial jobless claims for the week ending May 12 were 370,000, which means that the rate didn’t budge compared with the week before.
Grandbridge Real Estate Capital Hires Originator in Charlotte
Grandbridge Real Estate Capital has hired Michael W. Kennerly as vice president of production for its Charlotte market.
Apartments Near a Baseball Stadium?
Would you want to build an apartment community–or live–near a baseball stadium?
TODAY'S DEALS: Praedium, McDowell Buy California Asset
The Praedium Group and McDowell Properties purchase a 200-unit community; HFF refinances a seniors housing community in California; and Madison Realty Capital completes a $21.5 million note and deed purchase for a Brooklyn property.
ADC Secures Financing for West L.A. Multifamily Property
ADC Realty Group has obtained financing for site acquisition and construction of an apartment property in West Los Angeles on the current site of a rental car location.
MARKET SNAPSHOT: Jacksonville Sees First Job Growth in Years; Vacancy to Level Out at 8.5 Percent
After lagging considerably behind the rest of the country in economic recovery, the city of Jacksonville posted an employment gain of 1.0 percent in 2011—translating to the addition of 5,900 new jobs.
Yardi Acquires ista North America's Multifamily Services Group
Yardi has acquired ista North America’s Multifamily Services Group, a supplier of energy and water metering, billing and management services.
Economy Watch: Losing the Euro
The Greek crisis has gone in fairly short order from “Greece will never leave the euro zone” to warnings about the cost of Greece leaving the euro.
Experian RentBureau Provides All Landlords and Property Managers the Opportunity to Report Rental Payment Data
Experian, a global information services company, announced its capability to accept rental payment data from individual landlords and smaller property managers through its new collaboration with ClearNow.
Affordable Seniors Housing Opens in Riverside
The 224-unit Vintage at Snowberry Apartment Homes, an affordable seniors housing project in Riverside, has opened fully leased.