Regions
Fannie Mae Says Multifamily Development is Rebounding, But Single-Family Units Still Dominate Rental Market
A decline in home-ownership rates would seem to suggest a boom for the multifamily industry, but a shift in renter preference from multifamily to single-family homes and a growing desire for home ownership may force industry professionals to re-think how they attract the key age group of renters to their communities.
Peak Campus Recognized Amongst Best Places to Work
Peak Campus Management, a fully integrated student housing real estate company, was recognized as part of Atlanta Business Chronicle’s Best Places to Work in the small business category during the 10th Annual Best Places to Work event held September 13 at the Grand Hyatt Atlanta in Buckhead.
Related Companies Names Philippe Visser SVP of Development
Related Companies today announced that Philippe Visser will join Related and the Hudson Yards development team as senior vice president of development.
TODAY’S DEALS: Tucker Development-Led Partnership Closes on $218M Financing for Hudson Lights
Tucker Development-led partnership closes on $218 million in financing for a mixed-use development; HFF provides a development in North Dakota with construction financing; and Colliers sells to properties in Phoenix.
Crescent Names Heather Kels as Controller and Blythe McAulay as Finance Director
Crescent Communities has named two new senior leadership positions on the finance team.
Related Cos. Kicks Off Condo Sales at NYC Multifamily Tower
Related Sales, a division of Related Cos., has started offering the condo units at One Madison, a 53-unit tower overlooking Madison Square Park in Manhattan. At 60 stories, the slender glass tower offers views of the city and its surrounding waterways.
Builder Confidence Unchanged in September, According to NAHB
Following four consecutive months of improvement, builder confidence in the market for newly built, single-family homes held unchanged in September with a reading of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Related Companies Reopens Affordable Housing Development in Chicago
After approximately $100 million in renovations, Related Companies has reopened Parkway Gardens Apartments, a 694-unit affordable housing development serving 2,400 residents in Chicago’s Southside.
Economy Watch: Residential Prices Continue Climbing
Another indication that the housing recovery still has some legs: FNC reported that its Residential Price Index, which tracks the 100 largest U.S. metro areas, was up 0.7 percent in July compared with June.
Duravit Announces Designer Dream Bath Competition
Duravit launched its first ever North American design competition: the Duravit Designer Dream Bath Competition.