News

Enterprise Names Robert Grossinger Vice President, National Foreclosure Response

Columbia, Md.– Robert Grossinger will join Enterprise Community Partners, Inc as vice president for national foreclosure response. Grossinger joins the company from Bank of America, where he was senior vice president in the corporate social responsibility group overseeing the bank’s neighborhood stabilization efforts, including its Real Estate Owned sales to Neighborhood Stabilization Program (NSP) recipients. As vice president for national foreclosure response, Grossinger will work with a broad set of partners to provide thought leadership on an appropriate response to the foreclosure crisis as well as identify opportunities for earlier intervention prior to foreclosure. He will oversee the implementation of…

Demand Perks Up, Ground Breaks on Phase Two of Palmer Hill Condos

Stamford, Conn.–Buyers do not appear to be dissuaded by the price tags attached to the Palmer Hill residences.

GUEST COLUMN: Automated Recoveries Key for Efficient, Effective Lease Administration

Technology has evolved to allow for integrated, automated expense recovery systems.

Fannie, Freddie Booted Off New York Stock Exchange

Washington, D.C.–As of early July, mortgage giants Fannie Mae and Freddie Mac will no longer trade on the NYSE.

Affordable Apt. Community to Break Ground in Escondido, Calif.

Escondido, Calif.–The apartment community will be built in a neighborhood plagued by street gangs, drugs.

DEAL OF THE DAY: Hendricks & Partners Helps Sell Family Property for $1.555M

Denver, Colo.–Hendricks & Partners executed the sale of The McFee, located at 60 Corona Street in Denver, Colo.

Extreme Weather: Will it Impact Where and How we Build?

New York–Extreme weather, causing larger storms, stronger winds and more flooding than ever before.

Gus Poulopoulos Joins NAI Global’s NYC Office as Executive MD

New York–Gus Poulopoulos has joined NAI Global’s New York City office as executive managing director for corporate services. Before joining NAI, Poulopoulos was a founding partner at United Systems Integrators Corp. (USI) in 1991. In 2005, Poulopoulos and his partners sold USI to Johnson Controls, where he continued to serve as a vice president responsible for real estate delivery.

MARKET SNAPSHOT: New Orleans Transaction Market Should Pick Up in 2011

New Orleans–With an influx of apartment professionals next week for NAA’s annual Conference & Exposition.

Safety First

Biometrics and other advances make security more efficient and cost-effective.