News
TODAY’S DEALS: Lee & Associates Closes 240-Unit Transaction in Ontario, Calif.
Lee & Associates transacts $35 million apartment sale in Ontario, Calif.; Praedium Goup and Greystar joint venture to acquire a value-add opportunity for $21M; and CBRE provides $23.7 million refinancing for Tucson, Ariz. property.
Economy Watch: OECD Optimistic about G7 Economies (except Japan)
The OECD sees private-sector investment and trade in the world’s biggest economies boosting recovery; non-manufacturing growth continues; and federal budgeting continues to be a mess.
Dornbracht’s IMO Bath Collection Creates a Boutique Aesthetic
Named after the conventional online abbreviation “In My Opinion,” the IMO line collection represents a mix of contrasting shapes.
NAHMA Recognizes Multifamily ‘Communities of Quality’
Denver–NAHMA recognizes multifamily management companies that have at least 50 percent of their affordable housing portfolios accepted into the organization’s Communities of Quality recognition program.
TODAY’S DEALS: Security Properties Acquires 78-Unit Mixed-Use Apartment
Security Properties acquires a 78-unit apartment building for $15 million; Essex Property Trust issues $150 million of senior unsecured notes; and ARA brokers sale of Texas asset.
Boston Realty Taps Sower for MF Investment Sales
Boston–Boston Realty Advisors has appointed Chris Sower as managing director and partner for the company’s multi-housing and apartment brokerage.
Chicago’s Flair Tower Secures LEED Silver Certification
Chicago–Flair Tower, a boutique transit-oriented development featuring 198 upscale residences, recently earned LEED Silver certification.
Economy Watch: 50,000 McJobs?
McDonalds plans to hire 50,000 workers on April 19; Geithner warns Congress about the consequences of hitting the debt ceiling; and Bernanke downplays inflation.
MBA Hires Kim as VP of Commercial Regulatory Policy
Washington, D.C.–Mortgage Bankers Association has appointed Thomas Kim as vice president of commercial regulatory policy.
‘The Accidental Economist’ with Jack Kern: 60 Is the New 60
This booming cluster of future renters–seniors–is becoming a more important force in property management, and yet we still see the focus on Gen Y.