News
Florida Condo Sales, Prices Edge Up in Fourth Quarter
Florida Realtors reports that existing condo sales in the state were up 4 percent in the fourth quarter of 2011, compared with the same period a year earlier.
Renters Show 'Tremendous Response' to Phase One at 25 Broad
Real estate investment and development company LCOR announced that Phase One at 25 Broad, comprising 209 of the planned 307 units, is 70 percent leased.
Economy Watch: Athens Burns, But Bailout Deal Might Be Done
The Greek parliament voted on Sunday to enact new austerity measures by 199 to 74, with 27 abstentions or other non-votes, and also to give the government authority to complete the haircut deal with the country’s creditors.
TODAY'S DEALS: Behringer Harvard Sells 408-Unit Property in Florida
Behringer Harvard completes a 408-unit disposition; and Affirmed Housing breaks ground on the second phase of a California development.
Riverstone Residential Group Announces Three Key Leadership Promotions
Riverstone Residential Group, a privately owned, third-party multifamily property management company, announced three key leadership promotions in the company’s client services group and west division.
'Economy Watch' Podcast with Dees Stribling: A Foreclosure at Home
A foreclosure deal at home, but no Greek debt deal yet.
Federal Realty Investment Trust Announces Senior Management Promotions
Federal Realty Investment Trust announced the promotion of Patrick Inaba to vice president, construction and tenant services and Michael Kelleher to vice president, asset management.
Bridge Housing Buys Site in Marin County for Affordable Multifamily
Bridge Housing Corp., one of California’s largest nonprofit developers and owners of affordable housing, has bought a 3.5-acre site in unincorporated Marin County. The company plans an affordable housing development for the site.
First NorSouth HearthSide Senior Community South of Atlanta
Groundbreaking is expected to take place this summer on HearthSide Peachtree City, a new moderately priced, amenity-rich senior living community from Atlanta’s NorSouth Development.
Economy Watch: Mortgage Settlement Done, Greek Deal Not
The federal government, the state attorneys general of 49 states and five major U.S. banks have agreed to a $25 billion settlement regarding robo-signing that the banks undertook during the worst of the foreclosure crisis.