News
McGraw-Hill Predicts Some Multifamily Construction Increases in ’10
In recently released reports, McGraw-Hill Construction is predicting a more vigorous pace of construction starts for some property types in some parts of the country in 2010 than last year, including an increase in multifamily construction.
Michael Flanigan Joins Balfour Beatty Construction as Leader of Firm’s Multi-Housing Division
ichael Flanigan has joined Balfour Beatty Construction as sector leader for the firm’s Multi-Unit Housing Division.
Dominium Management Services Hires Debbie Vail
Debbie Vail has been named regional manager of Dominium Management.
Condo Capital Solutions Purchases Condo Block, Set for More Fla. Purchases
Condo Capital Solutions has purchased the 53 remaining units at Bel Mare Condominiums at Riviera Dunes for an undisclosed price.
Multifamily Starts See Increase, For Now
According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, homebuilding starts increased 2.8 percent in January 2010 to a seasonally adjusted annual rate of 591,000 units
Auctions May Help Unfreeze Condo Market
With sales of individual condominium units still slow on a nationwide basis, two executives that specialize in property auctions see a growing trend toward using auctions to sell a large amount of inventory in a short space of time.
Philadelphia Office Skyscraper is Now Luxury Condo
Aria, a condominium project on 1425 Locust St. in Philadelphia, was the city’s first high-rise office tower, formerly known as the Lewis Tower Building. I
DEAL OF THE DAY: Berkadia Originates $24,095,200 in FHA Financing at 4.63% Interest
McHenry, Ill. –Berkadia Commercial Mortgage LLC (Berkadia) originated two permanent, fixed-rate loans totaling $24,095,200 for multifamily properties in McHenry, Ill.
ista North America Opens Regional Offices to Incorporate Energy Management, Improve Customer Service
Submetering and utility expense management company, ista North America, plans to transform itself into a customer centric, energy management organization through office expansion and the addition of Certified Energy Managers to its team.
With Acquisition of Domin-8, RealPage Will Cater to Small, Medium-Sized and Affordable Housing Managers
RealPage has acquired Domin-8 Enterprise Software Solutions, enabling RealPage to reach more customers and broaden its offering to small and medium-sized property management firms and affordable housing owners and managers.