News
Aon Launches New Tenant Rent Default Insurance in U.S.
Aon, a provider of risk management services, insurance and reinsurance brokerage and human resources solutions, announced that it has partnered with QBE Insurance to release Aon Rent Protect, a new insurance product designed to reimburse landlords for lost income when tenants default on rent payments.
MARKET SNAPSHOT: Private-Employment Sector Grows, Strengthening Rental Demand in Salt Lake City
Salt Lake City employment expanded 1.8 percent in the first three quarters of 2011, with nearly 11,000 jobs added to the marketplace, which equates to a 2.3 percent increase in private sector employment. Additionally, Marcus & Millichap projects that an additional 14,000 jobs will be added in 2012.
Economy Watch: Existing Home Sales Up in November
The National Association of Realtors reported on Wednesday that existing home sales rose again in November compared with October and with the same month a year ago.
MRI Software Announces Acquisition of VaultWare
MRI Software, a developer of real estate management and investment software solutions for the global real estate industry, announced that it has acquired Realty DataTrust Corporation, the holding company for VaultWare.
Today's Deals: Behringer Harvard Acquires 345-Unit Asset in Memphis
Behringer Harvard grabs a large community in Memphis; Champion buys a property in Ohio; and Walker & Dunlop funds a $21 million loan for HAP, HOME property.
Survey Offers Good News for Multifamily Industry in '12
Cap rates are going to stabilize, interest rates will remain low and home ownership rates will continue to decline. These are the conclusions of the RealShare/Jones Lang LaSalle’s Apartments Outlook 2012 Survey.
Affordable Seniors Housing Benefits from Unique Financing Transaction
A unique financing agreement recently allowed for the redevelopment of an affordable seniors housing community in San Francisco.
AvalonBay Communities Launches Two New Apartment Brands
AvalonBay Communities announced the introduction of two new apartment community brands, “AVA” and “eaves.”
What Renters in Their Late 20s to Mid 30s Are Looking For
Renters in their late 20s to mid 30s are different from their early 20s counterparts. Here is a list of what they are looking for in an apartment.
Los Angeles Student Housing Community Captures LEED Platinum
A new USC student housing community called West 27th Place has just realized a rare achievement among the nation’s student housing. It is one of only a few such housing developments to garner a LEED Platinum rating.