Regions
Amish Gupta Announces Seniors Community
A new 120,000-square-foot seniors living community is on the drawing boards for a 4.5–acre site near Texas State Highway 121 and Creek Valley Blvd. in Carrollton, Texas.
Economy Watch: Housing Starts Drop in May
New U.S. housing starts were just over an annualized rate of 1 million units in May—1.001 million units, to be exact—the Census Bureau reported on Tuesday. That’s a 6.5 percent drop compared with the revised April estimate of 1.071 million units, but it’s 9.4 percent above the May 2013 rate.
Ingerman Nears Completion on Collings Second Phase
The second and final phase of The Collings at The LumberYard, an apartment development in metro Philadelphia, has topped off.
TODAY’S DEALS: East Harlem Development Site Sells for $13M
HAP Investment Management grabs an East Harlem development site; Rondell Homes buys 346-units in suburban Denver; and Virtus acquires two apartment properties in Dallas.
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.