Regions
NY Condo Buyers Seeking an Out Lose ILSA Case
In a case of first impression in New York–that is, a matter of law that the New York courts haven’t considered before–Judge Denise Cote of the Southern District of New York has ruled against the plaintiffs, two condo buyers, in a lawsuit involving the Interstate Land Sales Full Disclosure Act (ILSA).
MARKET SNAPSHOT: Windy City Relatively Stable Compared to Other Midwest Markets
Apartment operating fundamentals throughout Chicago are expected to remain soft this year, particularly in the suburbs, according to the Marcus & Millichap’s 2010 National Apartment Report.
Fairfax County, Va. Honors Home Properties for Commitment to ‘Green’ Construction
The Fairfax County Department of Public Works and Environmental Services has presented a Land Conservation Award to the newly constructed apartment community, The Courts at Huntington Station in Alexandria, Va., owned by Home Properties, Inc.
Resident Sweepstakes Program Encourages Residents to Pay Rent Electronically
PropertyBridge, Inc. has announced the winner of its $10,000 Resident Sweepstakes program. Molly Charpentier, resident of Heritage Park Senior Community in Alta Loma, Calif. won the PropertyBridge Resident Sweepstakes $10,000 grand prize.
DEAL OF THE DAY: Hendricks & Partners Brokers $3.85M Sale of 50-Unit Property
Rocklin, Calif.‑Hendricks & Partners arranged the sale of Shannon Bay, located at 5757 Shannon Bay Drive in Rocklin, Calif. The 50-unit apartment community was sold for $3.85 million.
U.S. Energy Group’s iPhone App Allows Easy Control for Property Managers
The U.S. Energy Group has released USE-Mobile, providing property managers with the ability to control their buildings with their mobile devices, including iPhones, Blackberrys and other smart phones.
2011 Budget Proposal Is Good With Regards to Housing
Clare Duncan, policy associate at the NHC, explains how the funding for HUD will go toward achieving some of its key goals.
Partnership Targets Distressed Multifamily Properties
Strategic Management Partners (SMP) has joined forces with GFI Capital Resources Group Inc., a New York-based real estate and insurance service provider, to offer multifamily property management services to owners of underperforming and distressed apartment communities.
Carlton to Sell $257M of Non Performing, First Mortgage Loans Secured by Small Balance, Multifamily and Retail Commercial Properties
The Carlton Group has been retained by a major financial institution to sell $257 million in first mortgage loans secured by a variety of commercial properties including retail, multifamily and industrial assets.
RCA Acquires Real Estate Econometrics
Real Capital Analytics has acquired Real Estate Econometrics, bringing that company’s founder, Sam Chandan, on board as RCA’s global chief economist and executive vice president, and a member of RCA’s management committee. Chandan holds a Ph.D. in applied economics from the Wharton School of the University of Pennsylvania, where he currently serves as adjunct professor of real estate.