News
MARKET SNAPSHOT: Cautious Optimism for Atlanta’s Apartment Market, despite High Unemployment
Atlanta–The Atlanta market appears to have bottomed out, and many in the metro area are cautiously optimistic that better days are ahead.
Freddie Mac Exec to Join Beech Street
Bethesda, Md.–Beech Street Capital has appointed Michael Edelman as senior vice president of production management.
Domain Kicks Off New Orleans Multifamily Redevelopment
New Orleans–The Domain Cos. has started construction on Gold Seal Lofts, a $7 million conversion of the former Gold Seal Creamery plant into green mixed-income housing.
TODAY’S DEALS: PCCP Provides $22M Loan for Acquisition of Busted Condos in Nashville
PCCP provides senior loan for the acquisition of a busted condo development; HSI closes financing on a Wisconsin community; and Bay Apartment Advisors brokers the sale of a 22-unit property in Oakland, Calif.
Hotels and Residences Portion of $2.5B L.A. Live Complex Earns LEED Silver Certification
Los Angeles–The Hotels and Residences at L.A. Live, the 4 million square-foot luxury complex in Los Angeles, has achieved LEED Silver certification.
Economy Watch: Non-Official March Jobs Numbers Not Bad
Public-sector jobs took a big hit, but private-sector cuts weren’t bad; the shadow inventory of U.S. homes is slightly less huge; and the Fed is looking for a high bidder for subprime MBS bonds.
Texas: the “Magnet State” for Business
Population growth and excellent business appeal in the Lone Star State make up the ingredients for a strong apartment market.
Ariel Property Advisors Launches Landlord Dashboard
Ariel Property Advisors has launched two new web-service tools to better serve its client base, made mostly for investors and property owners.
Landlord or Multifamily Housing Professional?
With the apartment industry expanding rapidly, continuing one’s education can make a significant difference in understanding operations and optimizing your potential.