News
Economy Watch: U.S. Consumers Went Shopping in July
In July, U.S. consumers dipped into their savings to do what U.S. consumers are famous for, buying things. The fear of a double-dip recession or default by the federal government or even fear itself didn’t stop Americans’ spending from rising 0.8 percent during the month, according to the U.S. Department of Commerce on Monday
Preparing Multi-Housing Units for Future Hurricanes
First an earthquake, and then a hurricane (or tropical storm, depending on where you were)…The East Coast has had its fair share of natural disasters this August.
Avoid a Multifamily Meltdown
Now more than ever, natural disasters have become the harsh reality for multifamily owners and operators throughout the country.
TODAY’S DEALS: NorthMarq Arranges $17.9M Mortgage for Texas Community
NorthMarq arranges a $17.9 million mortgage for a Texas community; Triad Senior Living acquires a retirement community in Oklahoma; and Centerline commits $9.1M for former public housing project.
Tower Companies Undertakes BOMA’s Green Challenge
Rockville, Md.–The Tower Cos., a developer of commercial properties, will incorporate the Building Owners and Managers Association International’s 7-Point Challenge as part of business practice, which include benchmarks such as decreasing energy consumption and employing Energy Star metrics.
Affordable Apartments Preserved in Denver’s Santa Fe Arts District
Thanks to Denver’s unique Transit-Oriented Development (TOD) Fund, 16 affordable housing units have been preserved in the heart of the Mile High City’s Santa Fe Arts District, a six-block long enclave on Denver’s near west side.
Arbor Closes Eight Fannie Mae Deals in California
Eight loans totaling over $36 million have been funded by the Arbor Commercial Funding, LLC.
Economy Watch: Bernanke Whispers Sweet Nothings in Investors’ Ears
Bernanke managed to calm Wall Street for a while on Friday while not managing to be too specific. He certainly wasn’t specific about anything along the lines of QE3, though also in typical Bernanke style, he didn’t quite rule it out, either.
Conversation with Ted Rollins: Campus Crest Communities Pursues Growth Strategies
Campus Crest Communities is on the fast track to expansion. The company, which went public in March of 2010, is now increasing its portfolio at the rate of about 20 percent, or 3,000 beds, per year, says its CEO and co-chairman of the board Ted Rollins.
Gal Nauer Architects’ Bavli Towers Design: Benchmark of Modern Living
Tel Aviv, Israel–Tel Aviv’s Bavli neighborhood will be home to a large-scale, residential project. The Bavli Towers, comprising of six 44-story towers, are designed by Gal Nauer Architects (GNA), an international architecture firm with offices in New York and Tel Aviv.