Regions
Macquarie Continues Expansion of Mexican REIT with Double Retail Center Acquisition
The Macquarie Mexican REIT recently announced that it has agreed on a fee for the purchase of two commercial properties in Mexico City’s metropolitan area.
IMMOFINANZ Group Delves Deeper Into Polish Multifamily Market
IMMOFINANZ Group has started development of Riverpark, a 189-unit project in Poznań, Poland.
Wilson, Blanchard Management Inc. Improves Operational Efficiency with Yardi Voyager Condo
Yardi announced today that full-service property management company Wilson, Blanchard Management Inc. has improved process automation, data protection and reporting capabilities since adopting Yardi Voyager® Condo.
Economy Watch: Beige Book Calls Economy Modest (and Moderate) Again
The latest edition of the Federal Reserve’s Beige Book recently came out, and it seemed to say that the economy is still plodding along.
Isalia Honored for Rehab Work
The City of Boston has named Isalia Property Group as an “exemplary property developer and manager in 2013.” The company was so honored for its work over the last two years rehabilitating a variety of properties in the Boston area, some of which were previously cited as problem properties by the Mayor’s Problem Properties Task Force.
Google Invests in ROEM Corp.’s New Affordable Community
ROEM Corp. announced the grand opening of Franklin Street Family Apartments, a $23.4 million affordable apartment community. Google has invested $6.5 million in equity into the community, plus a grant of $81,859 for computer equipment and free Internet access for residents.
Commercial/Multifamily Delinquency Rates Decline in Q2, According to MBA
Delinquency rates for commercial and multifamily mortgage loans declined in the second quarter of 2013, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.
NAHB: Shortage of Lots Slows Housing Recovery
A shortage of buildable lots, especially in the most desirable locations, has emerged as one of the key factors holding back a more robust housing recovery, according to the latest survey on the topic conducted by the National Association of Home Builders.
Tower Companies Announces Executive Promotions
Tower Companies, a sustainable real estate and property management company that pioneered the building of U.S. Green Building Council (USGBC) LEED® Certified residential and commercial properties in the National Capital Area, announced several promotions.
Alliance Residential Company’s The Hesby Gets Star Treatment in North Hollywood
The Hesby, a new six-story, $50 million, 308-unit apartment community offering upscale amenities reminiscent of those found at swanky resort hotels, has opened at 5031 Fair Ave. in North Hollywood (NoHo).