News
Nonprofits Team to Keep Connecticut Seniors Housing Property Affordable
Preservation of Affordable Housing and Mercy Loan Fund have partnered to keep Torringford West Apartments an affordable property.
MHN Interview: Bilzin Sumberg’s Jon Chassen on Miami’s Sunny Condo Market
Jon Chassen, a partner in the Real Estate and Distressed Property Group of law firm of Bilzin Sumberg, having cultivated an expert knowledge of the ins and outs of Miami real estate over three decades, talks about the factors igniting a new boom in the city’s condo market.
TODAY’S DEALS: Pollack Shores Acquires Two Atlanta Area Assets for $49.1M
Pollack Shores Real Estate Group acquires two Class A properties in the Atlanta area; Johnson Capital arranges $33 million for three luxury properties in Los Angeles; and Marcus & Millichap brokers the sale of a community in Washington, D.C., for $17.1 million.
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.