News
Schlage Introduces High-Tech Multifamily Lock Line
Schlage Lock Company has introduced a new computer-managed electronic lock that is highly customizable, smart and efficient.
Economy Watch: Consumers Out Spending Again
Spending jumped, even though income still lags behind; there are a lot of empty homes out there; and Chicago’s economy is showing accelerated growth.
Merger of Equals: AMB and ProLogis
San Francisco and Denver–AMB Property Corporation and ProLogis have entered a definitive agreement to combine through a merger of equals.
San Bernardino Apartments to Be Reborn as Affordable Seniors Housing
San Bernardino, Calif.–Meta Housing Corp. has closed escrow on the 119-unit Sunset Cove Apartments, with plans to relocate the current tenants, rehab the property and convert it to affordable housing for seniors.
Financing Comes Together for Suburban Milwaukee Luxury Apartment Redevelopment
Wauwatosa, Wis.–HSI Properties teams with the Federal Housing Administration and AG Architecture to bring sought-after high-end apartments to suburban Milwaukee with The Enclave.
TODAY’S DEALS: CB Richard Ellis Brokers Sale of $112.5M Apartment Community
CB Richard Ellis sells 415-unit New Brunswick, N.J. apartment complex; Essex Realty Group brokers sale of $4.4 million vintage Chicago apartment; and Helios Capital completes non-performing loan transaction.
‘On the Ground’ with Eric Brown: Are You Overpaying for Rental Leads?
By expanding your online presence, a lot of your apartment leads can be, and should be, coming to you for free.
Village Green: Multifamily Maverick
Farmington, Mich.–Village Green prides itself on going against the grain, finding progressive ways to provide a diverse array of communities for the diverse array of renters.
Economy Watch: 4Q GDP Growth Shows Strength
GDP showed growth coming out of 2010; wages and benefits showed a minor increase for workers lucky enough to have jobs; and Lloyds Banking Group is unloading bum property loans.
Affordable Housing Sector Awaits Obama Budget
Affordable housing proponents hope that housing is included in the investments in infrastructure that President Obama mentioned in his State of the Union speech.