News
Economy Watch: Temporary Greek Deal Struck, Investors Fret Over Italy
Greek Prime Minister George Papandreou and opposition leader Antonis Samaras have apparently cobbled together a deal for a “unity government” that might let the bailout of Greece by the more affluent euro-zone nations go forward.
TODAY’S DEALS: TreeTop Development Enters Pennsylvania Market
TreeTop Development enters the Pennsylvania market with the purchase of a 70-unit asset; Ariel Property Advisors closes the sale of a development site in Manhattan; and KeyBank provides $28.6 million in Freddie Mac funding for assisted living refinances.
Kingsley Associates Reports Renters Are Hesitant to Renew
According to Kingsley Associates’ latest resident survey, apartment resident renewal intent is at its lowest point since 2008.
Condo Property in NW Sububan Chicago Tries Rent-to-Own
The Heritage of Palatine, a new condominium development in downtown Palatine, a northwestern suburb of Chicago, has started a rent-with-option-to-buy program on a handful of its remaining units.
MHN Interview: Steven Zimmer, Former Head of the Newhall Ranch Specific Plan
Real estate attorney Steven Zimmer, former head of the Newhall Ranch Specific Plan, talks about the controversial development project and the difficulties of being both an attorney and a real estate developer.
Azure Caters to Upper East Side’s Big Appetite
Size does matter, or that’s what buyers are intimating on Manhattan’s Upper East Side, and Azure is giving the people what they want.
Red Hook Homes Brings Affordable Units to Brooklyn Neighborhood
Red Hook is rebounding, as evidenced by the grand opening of Red Hook Homes. The $18 million co-op brings the community 60 new housing units, 40 of them affordable, and another 20 market-rate and middle-income units.
Economy Watch: Economy Creates Jobs at Modest Pace in October
The Bureau of Economic Analysis reported on Friday that the U.S. economy added 80,000 jobs in October, with modest growth in various private employment sectors pushing the total up, but continued cuts among state and local governments dragging the total down.
Multi-Housing News: Inside the November Issue
Read the articles from the latest print issue of Multi-Housing News.
