News

Ariston Introduces 24-Inch Wide All-In-One Washer/Dryer

Ariston has introduced a space saving and energy efficient laundry solution for a wide variety of housing situations.

New Renters Insurance Standard for Apartment Industry

Washington, D.C.–The Multifamily Information and Transactions Standards (MITS) initiative has released a new Renters’ Insurance 4.0 data-transfer standard.

Economy Watch: Good Job Growth in February

The U.S. Department of Labor reports that the economy added 192,000 jobs in February, bringing the unemployment rate below 9 percent, and productivity and retail spending are up as well.

Unfinished Part of Sterling Pointe Development in N.J. Trades Hands

Somerset, N.J.–Sterling Properties has sold 80 home sites at its over-55 property in Somerset County to K. Hovnanian Homes, which will build out the final phase of construction.

TODAY’S DEALS: UDR to Enter Manhattan Market with $260.8M Acquisition

UDR enters a definitely agreement to purchase 10 Hanover Square; Walker & Dunlop closes a $9.6 million refinance loan; and Boston Capital invests in 96-unit affordable development in partnership with a nonprofit.

NHC Welcomes Two Additions to Team

Washington, D.C.–The National Housing Conference has named Cynthia Dodd Adcock vice president of communications and marketing, and Ethan Handelman vice president of policy and advocacy.

MARKET SNAPSHOT: Positive Auto Industry News Provides Cautious Optimism to Detroit Apartment Industry

Detroit–The resurgence of the automotive industry has brought some optimism to Detroit and its apartment market.

Economy Watch: Mixed Reports on Jobs

ADP releases jobs numbers; the Home Affordable Modification Program doesn’t have a lot of fans; and the Beige Book reports that economic activity continues to expand at a modest rate.

The Moderne Breaks Ground in Milwaukee

Milwaukee–Barrett Visionary Development broke ground this week on the Moderne, a mixed-use, 30-story tower in downtown Milwaukee.

Work Begins on Mixed Residential Project in Coveted N.H. Location

Manchester, N.H.–Construction of Legacy Park Manchester, a residential project encompassing multifamily and single-family housing in Manchester, N.H., has gotten underway.