Regions
Crescent Resources Adopts New Corporate Identity as ‘Crescent Communities’
Crescent Resources has changed the name of the corporation to reflect its commitment to community building in all of its multifamily, residential, commercial and land management activities.
Economy Watch: Construction Spending Up, Especially for Residential Projects
The Census Bureau reported on Monday that U.S. construction spending increased 1.2 percent in February compared with January, coming in at an annualized rate of $885.1 billion for the month. That’s 7.9 percent more than during February 2012.
Work Begins on New Baldwin Park Apartments
Work has started on the 178-unit Azul Baldwin Park in Orlando. The property will be a four- and five-story apartment community that includes amenities more commonly found in a high-end boutique hotel, according to the developer, Jefferson Apartment Group.
The Berzack Group Announces Name Change to Berzack Investment Property Advisors
The Berzack Group, a commercial real estate team led by Warren Berzack, president of the group and a principal of Lee & Associates-LA North/Ventura, today announced that it has changed its name to Berzack Investment Property Advisors.
LCOR Residential Takes Over 900 Units
LCOR Residential recently won three property management assignments, totaling 900 units—bringing the company’s property management portfolio to more than 8,000 units nationwide.
NJBA Honors Ed Walters with Affordable Housing Award
Ed Walters, Jr., partner and founder of Walters Group, has been selected to receive an Affordable Housing Award from New Jersey Builders Association (NJBA).
TODAY’S DEALS: Waterton Sells Maryland Asset for $40.8M
HFF closes a $40.8 million sale for Waterton Associates; Steadfast Income REIT acquires two Southern assets for $61 million; and Alliant Capital closes on a $1.8 million acquisition loan.
Lower Operating Costs Mean New-Home Buyers Can Afford More House
During New Homes Month in April, the National Association of Home Builders (NAHB) is showing home buyers why they can afford a higher-priced home—if it’s new construction.
Consumer Capital Partners to Invest in Apartments Nationwide
When people think of Smashburger, most think of the nation’s fastest growing better burger chain. But Smashburger’s owner, Consumer Capital Partners, is looking beyond burgers to the multifamily industry.
Economy Watch: State Unemployment Declining
The Bureau of Labor Statistics reported on Friday that in February, month-over-month, 22 states had unemployment rate decreases, 12 states experienced increases and 16 states and the District of Columbia saw no change.