News
‘The Accidental Economist’ with Jack Kern: Consumer Confidence Tracks Renter Outlook
There are a number of consumer confidence surveys out there and with each passing week it seems yet another publisher is trying to index one thing or another.
Education Realty Trust and Edwards Cos. to Build Student Housing
Tuscaloosa, Ala.–Education Realty Trust Inc. and the Edwards Cos. have inked a deal to develop and manage new student housing at the University of Alabama in Tuscaloosa, Ala.
TODAY’S DEALS: Construction Begins on Inland’s Orlando Student Housing Project
Construction begins on Inland’s Fla. student housing; Marcus & Millichap’s Mark Myers brokers $87 million in seniors housing investment sales; and Cushman & Wakefield sells a Florida condo community for $5.2 million.
CPC Launches ‘Energy Benchmark Plus’
New York–The Community Preservation Corporation (CPC) recently launched its CPC Energy Benchmark Plus, a program to collect energy data from multifamily property owners and to help owners reduce operating costs.
Reinlein Appointed as Berkadia’s Head of Mortgage Production
Horsham, Pa.–Berkadia Commercial Mortgage LLC has announced the appointment of Karl Reinlein to EVP – Head of Production, effective immediately. In his new role, Reinlein will oversee Berkadia’s entire originations network. Reinlein was formerly in charge of Berkadia’s HUD lending network, which has been ranked as the number-one originator of the multifamily HUD/FHA loans nationwide for more than 10 years. John Cannon has been named EVP of Lending & Investor Relations. Cannon, who formerly managed Fannie Mae, Freddie Mac and conventional loan originations for Berkadia, will support Reinlein in his management of the overall production network and be responsible for…
Economy Watch: 4Q GDP Estimate Pared Down
U.S. GDP wasn’t quite as robust in the fourth quarter of 2010 as the U.S. Department of Commerce had previously estimated. On Friday, growth was recalibrated by the Bureau of Economic Analysis to an annualized rate of 2.8 percent, down from an earlier estimate of 3.2 percent.
Housing Affordability Still a Problem, Despite Price Drops
Housing has gotten increasingly difficult to afford in recent years, according to a report by the Center for Housing Policy, and cutting federal support would only exacerbate the problem.
JV Snaps Up Distressed Condo Development in Daytona
Daytona Beach, Fla.–Tarpon Partners and Glenmont Capital Management has bought up the units of Marina Grande on the Halifax at a discount, taking advantage of Florida’s wounded condo market.
New Online Tool for LEED Credential Holders
Washington, D.C.–The Green Building Certification Institute has launched the CMP Wizard, an interactive online tool to help LEED Professionals understand their Credential Maintenance Program requirements and explore continuing education options.
‘The Accidental Economist’ with Jack Kern: Why Frozen New Home Sales are Good for Builders and the Apartment Industry.
While the housing market is going through a painful transition right now, what lies on the other side of that transition is a more balanced, sensible market overall.