News
Economy Watch: Existing Home Sales See December Rise
Existing home sales rose 5 percent month-over-month in December, according to the National Association of Realtors on Friday, to an annualized rate of 4.61 million units, which for NAR purposes includes everything.
TODAY'S DEALS: The Habitat Co. Breaks Ground on 450-Unit Chicago High-Rise
The Habitat Company begins a 450-unit development in Chicago; Centerline Capital refinances a Pittsburgh asset; and Meridian negotiates financing in Manhattan, Brooklyn, Queens and Westchester County, N.Y.
'Economy Watch' Podcast with Dees Stribling: Good Economic News for the U.S.
Fairly good economic news in the US, and the downgrade in Europe wasn’t enough to set off a panic.
9 Things Renters in Their 50s and 60s Want in an Apartment
Because of the mortgage crisis, or empty nest syndrome, many people in their 50s and 60s are renting. Here are nine things these renters are looking for in an apartment.
Big Gains for Big Apple Multifamily Sales in 2011
In 2011, sales of New York City multifamily buildings jumped 33 percent above the previous year’s totals, and year-over-year dollar volume grew by 43 percent.
Economy Watch: Unemployment Claims Dive
The U.S. Department of Labor reported on Thursday that for the week ending January 14th, initial unemployment claims totaled 352,000, a sharp decrease of 50,000 from the previous week’s revised figure of 402,000.
NorthMarq Capital Announces New Executive Organizational Structure, Promotions
NorthMarq Capital has announced a new executive organizational structure.
Social Media Helps Market New Dallas Apartments
Wood Partners reports that after only eight weeks, the property is 60 percent leased. The company isn’t just relying on the strength of the local market to get renters to sign on the dotted line–it’s also pursuing social media.
TODAY'S DEALS: Lee & Associates Lands $175M Recapitalization for San Francisco Asset
Lee & Associates secures an equity partner for a large San Francisco asset; American Campus Communities acquires two properties totaling 1,927 beds; and Palatine Capital sells a community for double its acquisition price.
Developer Introduces Two Purchase Programs For Luxury Units
Rent-to-own programs have become popular among developers, and Pinnacle Companies is taking this idea to the next level by introducing two new purchase programs for The M at Englewood South in New Jersey.