Month: May 2020

Productivity Tools to Help Your Multifamily Property Staff Be More Efficient

At a time where businesses in the multifamily industry are striving to minimize costs, productivity among your staff is a chief concern.  It’s no secret that decreased productivity can cost your property, but with the internet inundated with “helpful content” and an endless stream of advertisements, you might feel like the right productivity tools for…
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The Altman Companies Introduces a New Ultraluxe Apartment Community with Exclusive Club-Level Services to Its Portfolio

TAMPA, FL – The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, announced the opening of Altís Grand at The Preserve, an innovative first of its kind new environmentally-friendly residential community. With two distinct building design options, Altis and Ariya, an abundance of resort-style amenities that encourage a holistic…
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April 2020 Existing Home Sales

Housing market activity in April 2020 fell 17.8% from March 2020. April’s sales of existing homes dropped 17.2% from April 2019.

Multifamily Tours Best Practices – Keeping Staff, Residents, and Prospects Safe

Touring is an essential part of the leasing process for every arena of real estate, but it’s especially vital for multifamily.    Since multifamily properties are a community of units and residents, the property’s ultimate success lies not in one lead-to-closing conversion, but in many conversions to keep vacancy low. Because of this, tours and…
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How One Apartment Community Hosted an ‘Open House’ Virtual Tour. It was a Huge Success.

Open House. No, that’s not a Covid-19-induced oxymoron. It’s a new and effective method for conducting virtual apartment tours. Shelter-in-place policies, social distancing and staggered timetables for gradual re-openings of state economies combined with Americans’ hesitancy to join the “current normal” lifestyle have created booming popularity for virtual apartment touring. The Remy, a LIVEbe community…
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Red Cedar Development Gets Green Light with Michigan Strategic Fund Approval for $256 Million Mixed-Use Community

LANSING, MI – With the Michigan Economic Development Corporation’s (MEDC) staff recommendation, the Michigan Strategic Fund (MSF) voted to approve the Brownfield/TIF revised plan for the Red Cedar Development giving a green light to Continental/Ferguson Lansing, LLC to move forward with bonding and full construction of the $256 million mixed-use development. It will feature new…
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5 Housing Market Trends as of April 2020

5 Housing Market Trends as of April 2020 NAR’s April 2020 RCI Survey shows the effect of coronavirus social distancing measures on the housing market. Here are five trends based on the data. By:  Scholastica (Gay) Cororaton

April 2020 Foot Traffic Report

Home viewings data from SentriLock®, LLC, a lockbox company, indicates a continued downward trend in home buyer traffic in April 2020 with respect to the prior month and one year ago in the wake of coronavirus social distancing measures, stay-at-home orders and the unprecedented rise in unemployment.

Permanent Supportive Housing Community in Los Angeles’ Rampart Village Neighborhood Gains Planning Commission Approval

LOS ANGELES, CA – In a unanimous decision, The Los Angeles City Planning Commission voted to recommend approval of the entitlements package for Enlightenment Plaza, a proposed 454-unit Permanent Supportive Housing development in Rampart Village developed by Flexible PSH Solutions and The Pacific Companies to the Los Angeles City Council for final approval, scheduled for…
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Tracking Jobless Claims by State: Week Ending May 16

Most of the companies hiring additional employees to meet increased demand are included in the following industries: health care, food and grocery stores, delivery, and telecommunications.