News
Obama’s Better Buildings Initiative Estimated to Create 114,000 New Jobs
An analysis by The Real Estate Roundtable, USGBC and the Natural Resources Defense Council finds that the White House’s new energy-efficiency plan would create 114,000 private-sector jobs, mostly in construction.
TODAY’S DEALS: D.C.-Area Community Sells for $93 Million
AION Partners and The Carlyle Group acquire a 570-unit community for $93 million; a private investment group buys a San Francisco portfolio for $44 million; and Hendricks & Partners participates in the sale of a 39-unit property.
Armstrong Place Rental and For-Sale Residences Completed
San Francisco–Armstrong Place, an affordable housing development in San Francisco, includes a rental community for seniors as well as below-market-rate homeownership options for first-time homebuyers.
High Unemployment Levels Depress Housing Market
The housing market has made fresh turns downwards recently. The homeownership rate has dropped to 66.4 percent, the level in 1998. It seems recovery in the housing market has not arrived in the first half of this year.
Commercial/Multifamily Mortgage Delinquency Rates Mixed in Q1
Washington, D.C.–The Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report finds that delinquency rates among different commercial/multifamily mortgage investor groups were mixed in the first quarter of 2011.
‘Gimme Shelter’ with Daniel Gehman: A Volt from the Blue
A trial run with the Chevy Volt leaves this HOV-oriented consumer considering its benefits against the competition.
Innovation Triumphs in KTGY Award Winners
KTGY Group Inc. Architecture + Planning recently captured nine Gold Nugget Award design and planning competition Awards of Merit for seven of its projects.
Post Properties Commences Apartment Projects in Orlando and Raleigh
Post Properties Inc. has kicked off development of Post Lake at Baldwin Park, Phase III in Orlando and Post Parkside at Wade, Phase I in Raleigh, N.C., adding 802 units.
Economy Watch: Online Data Thieves Hit IMF, Rouge State Suspected
The IMF’s computer systems have been hacked; a McKinsey Global Institute report outlines the immensity of the task of restoring the labor market; and the cost of TARP has shrunk more than expected.
NAAEI Survey Reinforces Value of Continuing Education
Apartment managers surveyed by the National Apartment Association Education Institute agree that continuing education programs translate to higher pay and better performance.