August 12, 2020 marks the official inaugural Apartment Onsite Teams Day (#APTeamsDay). Apartments.com spearheaded this day as a way to recognize those in the multifamily apartment industry who have been essential workers during the COVID-19 pandemic. These people worked to keep apartment operations moving, residents happy and prospects signing leases as Americans spent more time…
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CARY, NC – Wood Partners, a national leader in multi-family real estate development, announced the groundbreaking of its newest luxury residential community – Alta Wren – in Cary, North Carolina. Construction is underway, and the community is scheduled to open in the summer of 2021. Located five minutes south of Research Triangle Park, the new…
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The U.S. Census Bureau released its second-quarter GDP estimates and reported that personal consumption spending fell by nearly 35% on a seasonally adjusted annual rate.
MANSFIELD, TX – South Florida real estate firm PointOne Holdings has partnered with Realty Capital Management to develop a 266-unit multifamily community in Mansfield, a suburb of Dallas Fort Worth, Texas. Main Street Lofts Phase II will be built on an eight-acre site and will be comprised of four midrise buildings featuring exceptional amenities, including…
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New Unemployment Claims Increased to 1.4 M Last Week Layoffs are still happening with 1.4 million new filers for unemployment insurance, a slight increase of 12,000 from the prior week. By: Nadia Evangelou
Today I had a lengthy article posted on multifamilyexecutive.com about evictions and looming deadlines for residents, owners and Congress. This portion didn’t make the final version of the story. It details the eviction court situation in a few markets. Local statistics are being reported about residents’ request for legal help. According to Legal Services Corp.,…
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LOS ANGELES, CA – Optimus Properties, LLC, a Century City based real estate company, has expanded its footprint in Southern California with a 100-condominium unit acquisition in Van Nuys valued at approximately $21 Million. Optimus has been deploying capital in larger assets located near major employment centers in greater Los Angeles, including the recent purchase…
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Does a seller or a buyer of commercial real estate really have to hire an attorney? The unmistakable answer is, “Yes!” A broker is a licensed professional who you hire to negotiate the sale or purchase of a real estate for a fee or a commission. However, they are typically not attorneys. Many of them…
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All four regions of the country experienced growth in month-over-month pending home sales transactions, while the Northeast was the only region to not record increases in year-over-year pending transactions.
According to the Census Bureau’s Residential Vacancies and Homeownership report for Q2 2020, the homeownership rate increased by nearly 4 percentage points, to 67.9%.
