News
Economy Watch: Consumers Feeling Blue Once More
Consumer sentiment points toward nervous times; the Fed is looking to sell subprime mortgage bonds; and GDP growth for 4Q10 was revised upward.
New Atlanta Multifamily Property Stresses Water Conservation
Atlanta–Enso has unveiled its water-efficiency features, including a cistern for rainwater harvesting, water-efficient plumbing and a saltwater pool.
MyNewPlace’s Mobile Website for Property Marketers
San Francisco—MyNewPlace is offering Mobile Portal, a mobile-optimized website solution for its growing marketing services product line.
Pierce Education Expands Its Student Housing Portfolio
Tempe, Ariz.–With its cutting-edge amenities, Block 1949, an off-campus community serving Arizona State University, is the student housing destination of tomorrow.
Marvin Windows and Doors Introduces Clad Ultimate Glider
Marvin Windows and Doors made a splash at the 2011 International Builders Show with two new products: Clad Ultimate Glider and Integrity.
Economy Watch: CBO Says Older Workers Hanging on to Their Jobs
The only group whose work force participation hasn’t dropped recently are workers over 55; Detroit’s population drop between 2000 and 2010 has been staggering; and Ben Bernanke has agreed to hold quarterly news briefings with reporters.
IBM to Acquire TRIRIGA
Armonk, N.Y.–IBM has entered a definitive agreement to acquire privately held TRIRIGA, Inc., a Las Vegas-based provider of facility and real estate management software solutions.
MARKET SNAPSHOT: Albuquerque, N.M. Market Remains Slow but Steady
Albuquerque, N.M.–Despite increasing unemployment, the Albuquerque apartment market has not suffered much.
Phoenix, Orbach Form JV to Own Midtown Manhattan MF
New York–Phoenix Realty Group and the Orbach Group have formed a partnership that has acquired an interest in a 13-building residential portfolio on West 49th Street in Manhattan.
TODAY’S DEALS: NorthMarq Arranges $11.693M Mortgage via Freddie Mac
Everett, Wash.–NorthMarq Capital arranges $11.693 million loan, and Orbach group adds to its portfolio with $15.5M acquisition in Bensalen, Pa.