Regions
Economy Watch: Job Openings Up Since Early 2012
The Bureau of Labor Statistics’ JOLTS said that there were 3.7 million job openings on the last business day of January, little changed from the last business day of December.
Guardian Acquires Executive Asset Management
Guardian announced that it has acquired a controlling interest in Executive Asset Management (EAM), an Atlanta-based residential and commercial real estate management company. The terms of the transaction were not disclosed.
TODAY’S DEALS: Federal Capital Partners Buys Virginia Asset for $20M
Federal Capital Partners buys 127 units; Centerline Capital arranges $6 million for a Pennsylvania purchase; and Beech Street Capital closes $5.7 million Fannie Mae conventional loan.
ChargePoint Partners with NYSERDA to Install More than 80 Electric Vehicle Charging Stations in New York
ChargePoint recently installed an electric vehicle charging station at the Solaire, a multifamily community in Battery Park City in Manhattan. This installation marks the first of more than 80 planned EV charging stations throughout New York.
TGM Buys Third Metro Chicago Multifamily Property
TGM Associates has acquired the Communities of Ascot Glen, a multifamily complex in Willowbrook, Ill., a western suburb of Chicago, for $101 million. The seller was RREEF, which was represented in the deal by HFF.
Conrad Egan Named Chairman of the Board at Community Preservation and Development Corporation
Community Preservation Development Corporation (CPDC), a nonprofit organization that revitalizes and creates affordable communities throughout the mid-Atlantic region, announced veteran housing and community development policy advocate Conrad Egan as chairman of its board of directors.
Assurant Specialty Property Launches Its First Mobile Site for Consumers
Assurant Specialty Property, a provider of renters insurance and security deposit alternatives to the multifamily housing industry, announced the launch of its mobile-optimized website for renters insurance, located at www.rentersecurity.com.
RealPage Signs On as an IREM Industry Partner
The Institute of Real Estate Management (IREM®) announced that RealPage®, located in the Dallas suburb of Carrollton, has become a 2013 IREM® “Industry Partner,” continuing the mutually rewarding relationship between the two organizations that was formalized in 2011.
Wood Partners Announces Two Promotions in Mid-Atlantic Region
Wood Partners announced it is promoting Carter Siegel to the position of regional director of the company’s Mid-Atlantic region, which currently includes Virginia, Maryland, Delaware, Pennsylvania and Washington, D.C.
Economy Watch: Bank Failures Slow Almost to Halt
The rush of U.S. bank failures that began with the financial panic more than four years ago has crawled to a trickle.