Regions
Economy Watch: Homebuilders Confidence Rises Unexpectedly
Despite sluggish sales in recent months, builder confidence in the market for newly built, single-family homes rose four points in June to reach 49 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Madison Apartment Group’s Anne-Marie Niklaus Named Regional VP of IREM
Philadelphia—Anne-Marie Niklaus, divisional vice president of Madison Apartment Group, LP, the multifamily operating arm of Equus Capital Partners, has been named 2015-2016 regional vice president for Region #2 of the Institute of Real Estate Management (IREM). With more than 18,000 members worldwide, IREM has been a trusted source for education, resources, information and membership for real estate management professionals for more than 70 years. During her two-year term, Niklaus will have oversight over IREM chapter activity throughout Pennsylvania, Delaware, New Jersey and New York. Anne Marie previously served in a number of chapter leadership positions, including President of IREM’s Delaware…
Zillow Launches Zillow Rent Connect
Zillow Inc. launched Zillow® Rent Connect, a performance-focused marketing solution.
Hunington Ready to Build More Multifamily in Houston
Hunington Residential Inc. has acquired nearly eight acres off the northwest corner Barker Cypress and Park Row in Houston’s Energy Corridor. The company plans to develop 382 apartments and townhomes on the site.
TODAY’S DEALS: BC Property Investments Buys Boca Apartments for $80.3M
ARA brokers Capri Capital’s sale of a luxury apartment asset in Boca Raton, Fla.; The Praedium Group buys a 224-unit community in Phoenix; and a Stockbridge affiliate grabs a 108-unit community in Massachusetts.
The Marketing Directors Expands NYC Office with New Hire
Dailey Wiese, a real estate professional with hands-on experience in the architecture and design industries, has joined The Marketing Directors as a marketing coordinator.
Capstone Awarded Management of Fort Worth Seniors Community
Management of a Fort Worth, Texas, luxury independent retirement community has been awarded to Capstone Real Estate Services Inc.
Economy Watch: World Bank Lowers Global Growth Predictions
Last week the World Bank, in its Global Economic Prospects, lowered its forecast for world economic growth in 2014
TODAY’S DEALS: NorthMarq’s Orlando Office Completes $38.6M CMBS Loans
NorthMarq Capital arranged financing for two multifamily transactions, one with interest-only; and CBRE/New England facilitates a $1.6 million sale of an East Boston industrial property that will be converted to transit-oriented residential use.
Tower Companies Gearing Up for Redevelopment of The Blairs Community
Tower Companies and partners Jeffrey and Gary Abramson presented new renderings of the first two proposed residential towers in the nearly $850 million, 27-acre ‘City Within a City’ redevelopment at The Blairs community in downtown Silver Spring, Md.