Regions
Nevada Latest State to Allow Apt. Owners to Offer Surety Bonds, Other Security Money in Place of Security Deposits
A new law affirms that apartment landlords throughout the state of Nevada can offer a surety bond or a combination of a surety bond and other security money as an option in lieu of a traditional security deposit as required by the landlord. A.B. 512 revises provisions relating to security deposits for the rental of real property (BDR 10-921). Both a security deposit and a surety bond as a security deposit alternative provide for the protection of the landlord.
Q&A with Jack Perlman: Escrow Provides a Sense of Security for Investors in Mexico
Jack Perlman is a real estate developer in Playa del Carmen (main beach town in the Riviera Maya region, by the Caribbean Sea) and owner of Condo Hotels Playa del Carmen. Perlman is opening a fifth luxury condo called El Taj Condo Hotel (pictured) this January, as well as an upscale beach club.
MARKET SNAPSHOT: Charleston Has Bottomed Out and is On the Rebound
The apartment market in Charleston bottomed out at the beginning of 2009, asserts Jenny Shelden Pauswinski, multifamily market analyst at Charlotte, N.C.-based Real Data, which tracks apartment markets in the major metro markets of the Southeast, including statistics on over 900,000 units.
Phase 1 of Lofts at Roosevelt Collection Now 70% Leased
-More than 70 percent of Phase One at The Lofts at Roosevelt Collection in Chicago have been leased. The project features 170 units.
Jumping on the Bandwagon, LaSalle Forms Partnership to Capitalize on Discounted Real Estate
As expected, price tags on commercial real estate around the world are dropping and LaSalle Investment Management is among the minority presently in a position to take advantage of bargains, the likes of which may not be seen again in decades. The Chicago-based firm has just formed a fund with the Austin-headquartered
Humphreys & Partners Launches New Design for Seniors Housing that Can be Financed Now
Humphreys & Partners Architects recently launched a new senior housing community design, e-Senior(SM).
TODAY’S DEALS: Behringer Harvard Acquires NoHo Commons for $96M, and Other Transactions
Behringer Harvard recently acquired The Gallery at NoHo Commons, a 438-unit multifamily community situated on a 5.3-acre site at 5416 N. Fairview Ave., adjacent to the North Hollywood Metro Station in Los Angeles, for approximately $96 million.
Heller Manus Architects Selected to Lead the Design and Construction of China Project
-Heller Manus Architects has been chosen to design the master plan for a crucial portion of Guangzhou, China’s growing metropolitan area. With a population of 10 million, Guangzhou is China’s third largest city and covers nearly 1,450 square miles.
JLL Launches JV with Real Estate Disposition to Auction Commercial Property
In response to a growing need for owners, banks and servicers to quickly liquidate commercial property, real estate owned (REO) and both distressed and non-distressed commercial notes, Jones Lang LaSalle has launched a joint venture with Real Estate Disposition LLC (REDC) to provide an online auction sales platform that creates a market for optimal commercial property and note disposition.
Kensington’s Ann Arbor Student Housing Community Now Complete; Most Units Leased
The Courtyards Student Apartments, which is owned by Ann Arbor Campus Housing, LLC, an affiliate of Kensington Realty Advisors Inc., recently completed its third and final phase of its 896-bed, off-campus community.