Regions
IREM Community Service Project Honored by the Brees Dream Foundation
A community service project undertaken jointly by the Institute of Real Estate Management (IREM®) and its Louisiana Chapter No. 55—benefitting St. Michael Special School in New Orleans—recently was honored by the Brees’ Dream Foundation.
Dana Strand Senior Apartments Wins NAHB’s Gold Award for Best 50+ Affordable Rental Community
Dana Strand Senior Apartments has recently won NAHB’s Best of 50+ Housing Awards—Gold Award for Best 50+ Affordable Rental Community.
Yardi Systems Deploys Unified IP Business Communications Software from Interactive Intelligence
Yardi Systems, a provider of property management software and services, has deployed unified IP business communications software from Interactive Intelligence Group Inc.
Economy Watch: President Reiterates Economic Proposals
As expected, much of President Obama’s State of the Union address on Tuesday focused on the economy, and in particular what he wants to do about the nervous economic state of the American middle class.
NorthMarq Ranks Among Freddie Mac Top Mortgage Sellers With $1.9 Billion in 2012
NorthMarq Capital ranked among the country’s top-10 Freddie Mac multifamily mortgage lenders. NorthMarq produced a loan volume of $1.9 billion in Freddie Mac transactions in 2012, making it sixth on the list.
TODAY’S DEALS: Michigan Student Housing Portfolio Trades for $101.8M
A 2,772-bed portfolio trades hands in Michigan; The RADCO Cos. buys a 144-unit asset in Georgia; and Johnson Capital arranges a $8.4 million, five-year fixed-rate loan from a bank.
NMHC and NAA Study: Apartment Industry and Residents Contributed $1.1 Trillion to the Economy
Despite the worst economy in a generation, apartments and their residents contributed $1.1 trillion to the national economy in 2011, supporting 25.4 million jobs, according to a new report released today by the National Multi Housing Council and the National Apartment Association.
Joint Venture Acquires 510-Unit Community, Plans $9.2M Renovation
In a joint venture, Cortland Partners and Harbert Management Corporation have acquired a 510-unit community in Marietta, Ga., for $34.6 million. Cortland closed on the community earlier this month.
Construction Begins on Student Housing Near UNC Charlotte
Work has started on Circle University City, a student housing property that will open in time for the fall 2014 semester. The development will be within walking distance of UNC Charlotte.
Wharton Gladden Reveals its New Look
A redeveloped logo, website and overall brand of Wharton Gladden, a private real estate investment banking firm, marks the first of five strategic moves as it plans to undertake in order to transition the company to its next phase of growth and expansion as it nears its 10-year anniversary.