News

MyNewPlace Names Steven S. Pollock as VP of Product Management

MyNewPlace has named Steven S. Pollock as vice president of product management

Jay Massirman Joins Related Group As Senior MD

Jay Massirman has joined the Related Group as senior managing director.

Transactions, Development Fell Precipitously in 2009, NMHC Rankings Reveal

Apartment development and transaction volume levels both took a huge dive from previous year’s levels in 2009 due to the Great Recession,

DEAL OF THE DAY: Colliers Represents Buyer in $4.5M Acquisition of Newly Completed Mixed-Use Development

Colliers International completed the sale of an 18,000-square-foot mixed-use office and multifamily property located at 24100 and 24106 Calabasas Rd. in Calabasas, Calif., to Seasons Greetings LLP, a commercial and residential real estate development company. The all-cash transaction is valued at $4.5 million.

AIMCO 2009 Communities of Quality Program Award

Apartment Investment and Management Co. (Aimco) recently received the 2009 Communities of Quality Program Award from the National Affordable Housing Management Association (NAHMA).

More Rental Vacancies and Riskier Consumers Mean Tough Decisions for Property Managers

Since the recession began in December 2007, national rental vacancy rates have increased 11.46 percent from 9.6 percent to 10.7 percent (at the end of 2009).

Study Estimates 1.2M Households Lost Due to Recession

About 1.2 million U.S. households disappeared during the years 2005 to 2008

Growing Business Is Key Concern Among For Real Estate Firms

More than half the respondents (58 percent) identify growing the business as their top business challenge

California Legislative Session may have Impact on State’s Apartment Owners

One bill, of the 1,310 that will be introduced in the just-convened 2010 California Legislative Session