News
Economy Watch: New Homes Sales Slightly Better than Terrible
New home sales inched back from the edge of abyss in March; Japan may be in for a recession this quarter; and the Fed prepares for its first press conference.
Vallone Named Executive Officer of NJBA
Hoboken, N.J. – George Vallone, President of The Hoboken Brownstone Company, was recently named an executive officer of the New Jersey Builder’s Association.
HUD Experiences Cuts in FY11 Budget, Faces Uncertain FY12
Washington, D.C.–Now that the long-delayed fiscal 2011 federal budget has been settled by Congress, the impact on HUD can be quantified.
TODAY’S DEALS: ARA Brokers Two Sales in Dallas Market
ARA brokers two sales in Abilene, Texas; Preferred Apartment Communities acquires Oxford Summit near Atlanta; and NorthMarq arranges a $26.2 million Freddie Mac mortgage with extended rate lock.
Leasing Goes Fully Green and Virtual at Manhattan’s MiMA Residential Tower
New York–Through the Related Companies website, future residents can facilitate a lease agreement from start to finish without touching a sheet of paper.
Economy Watch: Americans Grumpy about Economy, Federal Budget
Few Americans think the country is going in the right direction economically; Wal-Mart tries a grocery-delivery service; and Bank of America gets dismissed from an MBS lawsuit.
MARKET SNAPSHOT: Diverse Economy Poises Oklahoma City for Strong Recovery
Oklahoma City–Oklahoma City’s relatively diverse economy has made its apartment market surprisingly strong, given the state of the national economy.
Luxury Active-Adult Apartment Property Reels in Renters in Suburban Baltimore
Ellicott City, Md.–Seniors are already lining up at Wood Partners’ Alta at Regency Center, a new active-adult apartment property in Ellicott City that opened a month ago.
TODAY’S DEALS: Cushman & Wakefield Negotiates $100M Sale
Cushman & Wakefield negotiates the sale of a luxury L.A. apartment for $100 million; Tikijian sells a 226-unit property in Indiana; and Grand Heritage Resort in Colorado closes 31 condo sales.
Prometheus Clears Site for TOD Development
Mountain View, Calif.–Prometheus Real Estate Group Inc. has cleared a site in downtown Mountain View for a new 203-unit apartment complex.