News
Economy Watch: Modest Gains for CRE Predicted in 2012
Multifamily housing continues to be the best-performing commercial real estate segment, with rental rates and occupancy increasing, while supply remains relatively minimal.
Robotic Convenience Store to be Installed at Apartment Community
Ladera Palms Apartment Homes in Fort Worth will soon be home to Shop24, a self-contained, totally automated, robotic convenience store.
TODAY'S DEALS: EdR Acquires Student Asset for $28.5M
EdR acquires a property serving St. Louis University; Continental Realty Advisors purchases a 1,200-unit portfolio; and NorthMarq arranges a $19.1 million Freddie Mac mortgage.
On Time Staffing Acquires InterSolutions LLC
Camden, N.J.— On Time Staffing has formed a strategic partnership with Washington, D.C.-based InterSolutions LLC. The new alliance provides InterSolutions with better expertise, experience and resources for the backend of its operations and On Time Staffing with an entrance into the property management staffing industry. “The alliance is a natural fit for both parties,” says On Time Staffing CEO Brian Kares. “InterSolutions and On Time Staffing have similar business models; each company has carved a unique niche specializing in specific industries.” InterSolutions is a recognized leader providing temporary staffing to the property management industry in the metropolitan areas of Washington,…
Cooper Square Realty Reaches 500th Managed Property
Cooper Square Realty recently added the 500th property to its portfolio of managed buildings. What began in 1987 as a one-employee, one-building operation has evolved to become the largest residential property manager in New York City. That original client remains with Cooper Square Realty to this day. The company manages properties in all five boroughs of New York, as well as several high-rises along New Jersey’s Gold Coast, including cooperatives, condominiums and rental properties. “The Cooper Square Realty formula for success is a simple one that has remained unchanged over the years: provide professional and personalized services, ensure that our…
Rosen Partners, Russian Conglomerate Join Forces on Joint Venture
New York-based Rosen Partners LLC is entering a joint venture with Alfa Group, one of Russia’s largest privately owned financial-industrial investment conglomerates.
Economy Watch: FOMC to Start Publishing Predictions
Construction totals were up 1.2 percent month-over-month in November, with residential construction leading the way.
Today's Deals: Colony Hills Capital Acquires First Asset
Colony Hills Capital acquires its first property; Campus Crest closes four construction loans; and Alliant Capital supplies a $11.8 million loan.
Serious Mortgage Delinquency Rate on the Downswing
Serious mortgage delinquencies for single-family homes and condominium units have been on a steady decline for the last 18 months.
Tina Bennett Named President of Conservation Services Group
National energy services firm Conservation Services Group (CSG) has named Tina M. Bennett president. Bennett will run CSG’s day-to-day operations and oversee the company’s executive committee. She will also serve as an “ex officio” member of CSG’s board of directors.