Regions
The LaSalle Group to Open New Memory Care Community in Chicago
The LaSalle Group and Autumn Leaves has announced that it will open a 29,000-square-foot memory care community in South Barrington, Ill. The $11.1 million community will provide care for 50 residents living with Alzheimer’s, dementia and memory impairment.
Housing Production Falls 6.5 Percent in May, Says NAHB
Declines in both single- and multifamily starts pushed nationwide housing production down 6.5 percent in May to a seasonally adjusted annual rate of just over 1 million units, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Mark Company Report Shows Condo Pricing Increasing in Three Key Areas
The Mark Company has released its monthly Condominium Pricing Index tracking new construction and resale market trends, and reports that condominium prices increased in downtown Los Angeles, San Francisco and downtown Seattle in May 2014 over the previous year.
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.