National
Insurance Costs Down for Apartments
According to the National Multi Housing Council, apartment owners saw a 6 percent decline in insurance costs in 2010 compared with last year.
Housing Industry Awaits Answers on GSE Reform
GSEs continue to struggle with financial issues as they await promised reform–reform that is unlikely to move any faster as Republicans take control of the House of Representatives when the 112th Congress meets in January.
Fannie Mae Mostly Optimistic about Multifamily in 2011
Despite stubbornly high unemployment, multifamily fundamentals improved during the third quarter of 2010, but the sector’s recovery is expected to pull back slightly during the fourth quarter.
RealPage, Inc. Announces Public Offering of Its Common Stock
RealPage, Inc. has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to a public offering of 9 million shares of its common stock, of which 4 million are being offered by the Company and 5 million are being offered by selling stockholders. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock to cover over-allotments, if any. RealPage will not receive any of the proceeds from the sale of shares by the selling stockholders. The offering price of the…
SPECIAL REPORT: Real Estate Companies See Businesses Strengthening Despite High Unemployment Levels, Cite ‘Unprecedented’ Availability of Capital
New York– Commercial real estate executives expressed growing optimism about their businesses although U.S. employment growth is expected to remain weak through 2011.
‘Foong on Finance’: Will the Deficit Commission Propose to Eliminate the LIHTC Program?
The chairmen of the president’s commission to reduce the federal deficit released their proposals yesterday.
SPECIAL REPORT: Experts Forecast Stronger Market Conditions Despite Weak Job Growth
New York–Companies may finally be feeling comfortable enough again to begin to play a strong role in supporting the economy.
MHN Interview with Joe Stanton: NAHB Needs Congress to Work Together
Joe Stanton, senior VP of Government Affairs at the National Association of Home Builders, talks to MHN about the impact that divisiveness in Congress could have on home building.
DEAL OF THE DAY: Harrison Street Real Estate Capital Sells Three Student Housing Communities in Partner’s IPO
Chicago–Harrison Street Real Estate Capital LLC, a real estate private equity firm based in Chicago, has announced the disposition of HSRE’s entire interest in three student housing communities, totaling a combined 528 units and 1,488 beds, in connection with the initial public offering of Campus Crest Communities Inc.
Multifamily Development Will See Uptick
Washington, D.C.–NAR has reported that pending home sales dropped in September compared with the previous month, suggesting that the road to higher sales for condos will be a bumpy one.