Regions
MNS Report Reveals Low Studio Apartment Inventory in Brooklyn
According to the MNS November 2012 Brooklyn Rental Report, the New York City borough cannot keep up with the demand for multifamily units, with studio apartments especially lacking. The study shows that the rental rates increased a total of 1.16 percent across all unit types; however, studio rental rates decreased .83 percent since October this year.
Building Engines Integrates with Yardi Voyager through Gelbgroup
Building Engines, global provider of comprehensive web-based and mobile real estate operations management solutions, announced its web-service integration with Yardi Voyager through new partner Gelbgroup Consulting, Inc., a Yardi certified integrator.
Dubai Hills Unveiled as First Project in the Master-Planned $2.74 Billion MBR City
Emaar Properties and Dubai Holding in a joint venture have unveiled Dubai Hills, the first project in the Mohammed Bin Rashid City (MBR City), the largest joint venture in the region’s real estate sector recently announced by Dubai ruler Sheikh Mohammed Bin Rashid Al Maktoum.
Janel Ganim Joins Property Solutions as Vice President of Affordable Housing for Entrata
Property Solutions International, Inc. announced the recent addition of Janel Ganim to their team of industry experts heading-up development for Entrata.
Jennifer McLean joins Virginia Tech University’s Residential Property Management Advisory Board and Girls Inc. Board of Directors
Jennifer McLean, Chief Financial Officer of Pennrose Management Company, was recently appointed to Virginia Tech University’s Residential Property Management Advisory Board and the Girls Inc. of Greater Philadelphia and Southern New Jersey Board of Directors.
Carroll Organization Acquires 308-Unit Apartment Community in Lawrenceville, Ga.
Carroll Organization, an Atlanta-based multifamily real estate firm, acquired Camden Sweetwater Apartments, a 308-unit luxury community to be rebranded as ARIUM Sweetwater in Lawrenceville, Ga.
MARKET SNAPSHOT: With Demand Steady, L.A. Property Managers Turn to Rent Hikes to Boost Revenue
With payrolls expanding and vacancies trending downward, many property owners in the City of Angels are seeking to raise rents as apartments turn over in order to generate additional revenue.
Carla Stoner Joins Harbor Group International as Chief Financial Officer
Harbor Group International, a privately owned real estate investment and management firm, has named Carla Stoner chief financial officer.
N.J. Condo Community Offers Remarkable Amenity Package
It’s sometimes difficult for a condominium to stick out, which is why MWHF Palisades Park, developer of Trio in Palisades Park, concentrated on providing the community with a stellar amenity package.
Two Northeastern Apartment Properties Refinanced for $23M
Two Northeastern multifamily properties have obtained Fannie Mae refinance loans totaling about $23.1 million. The larger of the two properties is in Pennsylvania, while the other is in New Jersey.