Regions
DEAL OF THE DAY: Home Properties Prepares for More Acquisitions with 6.3% Cap Rate Transactions
Westminster, Md.– Home Properties Inc. says it has purchased the 208-unit Middlebrooke Apartments and the 110-unit Westminster Apartments from the original developer and owner of the two properties. “There finally are more acquisition opportunities in our key markets,” says Edward J. Pettinella, president and CEO of Home Properties. “We see great potential in these two properties, which we project will have a low double-digit internal rate of return. We hope to accelerate the pace of property purchases during the balance of the year.” Both apartment communities are located in Westminster, Md. Westminster is now called Westbrooke Apartments. Both Middlebrooke and…
MyNewPlace Names Steven S. Pollock as VP of Product Management
MyNewPlace has named Steven S. Pollock as vice president of product management
Jay Massirman Joins Related Group As Senior MD
Jay Massirman has joined the Related Group as senior managing director.
Web Feature: Technology and Internet Are Shaping The New Leasing Center
Leasing centers have come a long way
Transactions, Development Fell Precipitously in 2009, NMHC Rankings Reveal
Apartment development and transaction volume levels both took a huge dive from previous year’s levels in 2009 due to the Great Recession,
DEAL OF THE DAY: Colliers Represents Buyer in $4.5M Acquisition of Newly Completed Mixed-Use Development
Colliers International completed the sale of an 18,000-square-foot mixed-use office and multifamily property located at 24100 and 24106 Calabasas Rd. in Calabasas, Calif., to Seasons Greetings LLP, a commercial and residential real estate development company. The all-cash transaction is valued at $4.5 million.
AIMCO 2009 Communities of Quality Program Award
Apartment Investment and Management Co. (Aimco) recently received the 2009 Communities of Quality Program Award from the National Affordable Housing Management Association (NAHMA).
Study Estimates 1.2M Households Lost Due to Recession
About 1.2 million U.S. households disappeared during the years 2005 to 2008
Growing Business Is Key Concern Among For Real Estate Firms
More than half the respondents (58 percent) identify growing the business as their top business challenge
California Legislative Session may have Impact on State’s Apartment Owners
One bill, of the 1,310 that will be introduced in the just-convened 2010 California Legislative Session