News
Economy Watch: Foreclosures Up Slightly
CoreLogic reported that the number of residential foreclosures nationwide edged up in March to 69,000, from the February total of 66,000.
TODAY'S DEALS: EBSCO Buys 240-Unit Asset in Georgia
EBSCO Income Properties buys a Georgia apartment community for $17.3 million; Newmark Grubb Knight Frank arranges for the sale and purchase of two bank-owned properties; and ARA announces the sale of a 1939 property in Miami’s South Beach.
Upper West Side Condo Project Picked for Boys & Girls Club Show House
The Aldyn, a newly completed 40-story condo property located at 60 Riverside Blvd. on Manhattan’s Upper West Side, has been selected by the Kips Bay Boys & Girls Club as this year’s location for its Decorator Show House.
New Community Design Evokes Resort Feel
NMS, a Los Angeles-based development company, has started construction on a $50 million multifamily community at La Cienega Boulevard in Beverly Hills, Calif.
Tile Redi Introduces Redi Trench, Wins Best of Bath Award
Tile Redi introduces a neat add-on to their industry approved shower pan. The Redi Trench offers an attractive drainage solution for builders looking to create a luxury shower with the leak-proof benefits of a shower pan.
The Community Preservation Corporation Announces Changes to its Executive Team
The Community Preservation Corporation (CPC), a non-profit lender for affordable housing throughout New York State, announced changes to its executive staff.
Latin United Community Housing Association Receives $4.7 for Affordable Housing
BMO Harris Bank has extended a $4.7 million construction loan to the Latin United Community Housing Association to provide renovations on the Borinquen Bella Apartments.
MHN Interview: Josh Koppel, CPM, President, HSC Management Corp.
MHN interviews Josh Koppel, CPM, president, HSC Management Corp.
Economy Watch: Homeownership Still on Downward Slide
The Census Bureau reported that the U.S. home ownership rate was 65.4 percent of all households during the first quarter of 2012, a contraction of 0.6 percentage points since the fourth quarter of last year, and down from 66.4 percent a year ago.
LeaseHawk, Formerly CallSource Multifamily, Opens Arizona Headquarters
Three months ago, multifamily technology entrepreneur Mike Mueller acquired CallSource Inc.’s multifamily.