News
Suffolk Construction Selected as Contractor for Boston’s Latest Smoke-Free Building
More and more buildings are being touted as smoke-free. Good news for our lungs, and for apartment resale values. In Boston, the latest property that is being built smoke-free is The Kensington.
MARKET SNAPSHOT: Charlotte Returns to Institutions’ Radar Screens
The Queen City’s absorptions-to-completions ratio is currently 495 percent. In the trailing 12 months, 4,920 units were absorbed, while only 993 units were completed during the same period.
Enterprise Congratulates Partner Seawall Development, Designated by the White House as a “Champion of Change”
Seawall Development Corporation was recently honored at the White House as a “Champion of Change.” The honor is part of the Obama administration’s “Make It in America” campaign designed to bring together American leaders who create high-quality jobs in the United States.
Economy Watch: Italy’s a House on Fire
Greece can’t seem to form a new government to deal with its problems, but the world isn’t much interested any more, now that panic has set in about Italy.
TODAY’S DEALS: Education Realty Trust Announces $108M Acquisition Plans
Education Realty Trust announces a $108 million acquisition and development plan; and Bozzuto, Abdo and Pritzker break ground on $200 million mixed-used development in Washington, D.C.
Will Renter Demand be Even Stronger in 2012? Industry Says Yes
Despite tepid job growth, net absorption in the apartment market continues, according to Hessam Nadji, managing director of Marcus & Millichap Real Estate Investment Services.
NWP Services Corporation Implements New Global IP and Voice Network Technology to Better Serve Multifamily
NWP Services Corporation has completed implementation of a new telephony system from AT&T utilizing MPLS technology.
Ground Broken For Santa Clara County Affordable Housing
Ground has been broken for the Franklin Street Family Apartments. The property includes apartments affordable to families with annual incomes at or below 50 percent of the Santa Clara County area median income.
Joint Venture to Yield Three Multifamily Communities in Colorado
Could Colorado Springs, Colo., be the next hot spot for multifamily? Western National Group (WNG), which partnered with Nor’wood Development Group, sure believes so, with three multifamily projects in the works in that area.
Keystone Pacific Property Management Promotes Sherry Shandra to Business Relations Coordinator
Keystone Pacific Property Management, a community association management company in Southern California, has promoted Sherry Shandra from assistant management division project coordinator to business relations coordinator in the Irvine office.