News
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.
6 Apartment Trends That Would Be Nice to See
Sometimes trends take a hold of an industry, and it seems like everyone gets on the bandwagon. Here’s a list of things I hope will start to trend in the apartment industry.
CORT and Mandel Group Enter Exclusive Furnishing Agreement
The Mandel Group Inc. announced a seven-year agreement with CORT as the exclusive provider of rental furnishings to its 20 apartment community properties in and around Milwaukee.
TODAY'S DEALS: Camden Sells 456-Unit Asset in Houston
Camden Property Trust sells a Houston asset; Berkeley Point Capital provides $54.8 million to fund an acquisition; and Beech Street Capital refinances two Los Angeles properties.
Walters Group to Begin Construction on Whispering Hills
The Walters Group is set to begin construction this month on Whispering Hills, a 107-unit townhouse that will also offer an additional 52 units of affordable housing up for rent.
Economy Watch: Existing Home Sales Down a Notch
Existing home sales took an unexpected monthly dip in February, down 0.9 percent, according to the National Association of Realtors on Wednesday.