Residential Building & Real Estate

PhRMA Secretly Funds Campaign to Kill Rent Control, per Justice for Renters

Retrieved on: 
Thursday, April 4, 2024
AIDS, Health, Consumer, Public Policy, Government, Residential Building & Real Estate, Pharmaceutical, Advocacy Group Opinion, Professional Services, Construction & Property, Environmental, Social and Governance (ESG), General Health, Seniors, State, Local, Other Policy Issues, Issue, AIDS Healthcare Foundation, Risk, Patient, Greater Los Angeles, Housing, Justice, Big Pharma, AHF, Pharmacy, Advertising, Property management

This latest move is part of an ongoing shell game carried out by PhRMA and the pharmaceutical companies it represents to avoid public scrutiny, including that of the press.

Key Points: 
  • This latest move is part of an ongoing shell game carried out by PhRMA and the pharmaceutical companies it represents to avoid public scrutiny, including that of the press.
  • “This is a shining example of how corporate greed puts both patients and tenants at risk,” said Susie Shannon, campaign manager for Justice for Renters .
  • PhRMA has a PAC called the Pharmaceutical Research and Manufacturers of America California Initiative Fund.
  • That PAC contributed an initial $10,000 to the California Business Roundtable PAC, which in turn contributed $250,000 to Californians to Protect Affordable Housing, a PAC opposing the Justice for Renters Act.

PulteGroup Again Named to the Fortune 100 Best Companies to Work For® List

Retrieved on: 
Thursday, April 4, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Human Resources, Finance, Construction & Property, Research, Trust, Multimedia, Culture, PulteGroup, PHM, Management

For the fourth consecutive year, PulteGroup (NYSE: PHM) has been named to the Fortune 100 Best Companies to Work For® by Great Place to Work® and Fortune®.

Key Points: 
  • For the fourth consecutive year, PulteGroup (NYSE: PHM) has been named to the Fortune 100 Best Companies to Work For® by Great Place to Work® and Fortune®.
  • Among the aggregate responses provided to Great Place to Work® from PulteGroup employees:
    90% of respondents indicated that PulteGroup is a great place to work.
  • Fortune and Fortune 100 Best Companies to Work For® are registered trademarks of Fortune Media IP Limited and are used under license.
  • Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, PulteGroup.

Building Engines Chooses SharpLaunch as Exclusive Provider of CRE Marketing Functionality for Prism

Retrieved on: 
Wednesday, April 3, 2024
Marketing, Digital Marketing, Communications, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Partnership, PMT, NOI, Prism, Tenant, Growth, CRE

This exclusive partnership between Prism and SharpLaunch represents a significant advancement in commercial real estate technology, empowering property managers to leverage top-tier property management alongside best-in-class CRE marketing tools to maximize Net Operating Income (NOI).

Key Points: 
  • This exclusive partnership between Prism and SharpLaunch represents a significant advancement in commercial real estate technology, empowering property managers to leverage top-tier property management alongside best-in-class CRE marketing tools to maximize Net Operating Income (NOI).
  • “The Building Engines Prism solution is recognized throughout the CRE industry as the leading building operations platform,” said Bob Samii, CEO of SharpLaunch.
  • “We are thrilled that Building Engines chose SharpLaunch to be the sole provider of CRE marketing functionality for Prism.
  • SharpLaunch is committed to helping Building Engines customers unlock new opportunities for growth and differentiation in an increasingly competitive landscape.”
    “Today’s CRE landscape demands marketing solutions that can keep pace with industry trends and deliver measurable results,” stated Daniel Russo, President of JLLT Property Management Technology (PMT).

Montecito Continues Fast Pace in Q1 Medical Office Acquisitions with 11 MOB Deals

Retrieved on: 
Thursday, April 4, 2024
Other Professional Services, Urban Planning, REIT, Finance, Landscape, Consulting, Building Systems, Interior Design, Banking, Other Construction & Property, Architecture, Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, General Health, Health, Small Business, Internet, Medicine, Mountain West Conference, Physician, Patient, Multimedia, ALM (company), Medical imaging

Montecito Medical, a leading acquirer of medical office properties nationwide, continued its fast pace during the first quarter of 2024.

Key Points: 
  • Montecito Medical, a leading acquirer of medical office properties nationwide, continued its fast pace during the first quarter of 2024.
  • Some of the company’s latest acquisitions included properties tenanted by market-leading providers ranging from the Mountain West to the eastern seaboard:
    This press release features multimedia.
  • Montecito Medical is one of the nation’s largest privately held companies specializing in healthcare-related real estate acquisitions and partnering with physicians and developers to fund development of medical real estate.
  • Since 2006, Montecito has completed transactions involving more than $5 billion in medical real estate.

Apartments.com Publishes Multifamily Rent Report for First Quarter of 2024

Retrieved on: 
Thursday, April 4, 2024
Residential Building & Real Estate, Construction & Property, REIT, Absorption, Growth, North Jersey, Weakness, CoStar Group, Risk, News, Security (finance), Housing, Multimedia, Acceleration

Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent trends for the first quarter of 2024.

Key Points: 
  • Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent trends for the first quarter of 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240404033182/en/
    The U.S. multifamily market staged a strong rebound in demand during the first quarter of 2024, as 104,400 units were absorbed, the highest number since the third quarter of 2021.
  • The national average annual asking rent rose by 0.7% in March compared to 0.8% in the two prior months.
  • The multifamily market is projected to add only 495,000 units in 2024, a 20% pullback from the prior year.

The Promise Homes Company Secures Credit Facility from Leading Global Money Center Bank

Retrieved on: 
Thursday, April 4, 2024
Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, HOPE, LMI, Partnership, SFR, Promise, Senior, Strategy, Empowerment, Investment, Renewable energy

The Promise Homes Company, one of the largest minority-led managers of institutional-quality, single-family residential rental homes in the United States, announced today that it has closed on a revolving credit facility from a leading global money-center bank.

Key Points: 
  • The Promise Homes Company, one of the largest minority-led managers of institutional-quality, single-family residential rental homes in the United States, announced today that it has closed on a revolving credit facility from a leading global money-center bank.
  • The facility will refinance Promise Homes’ SFR portfolio of approximately 630 homes and will provide additional capital for the company to pursue its growth strategy.
  • The facility includes attractive terms to support the Promise Homes mission.
  • All Promise Homes residents who have enrolled in financial or credit counseling through Operation HOPE have improved their credit scores within 90 days of beginning the program, and as a result, receive rent credits through Promise Homes’ incentive program.

Aloft Announces Launch of Revolutionary AI-Driven Image Analysis Feature in Toolkit

Retrieved on: 
Wednesday, April 3, 2024
Data Management, Residential Building & Real Estate, Urban Planning, Technology, Construction & Property, Professional Services, Landscape, Interior Design, Data Analytics, Software, Artificial Intelligence, Uniform Appraisal Dataset, UAD, Real estate

Adding the new AI-Driven Image Analysis feature to Appraiser Toolkit™ represents a major milestone for Aloft, demonstrating the company’s ongoing commitment to cutting-edge technology that advances and uplevels the appraisal industry.

Key Points: 
  • Adding the new AI-Driven Image Analysis feature to Appraiser Toolkit™ represents a major milestone for Aloft, demonstrating the company’s ongoing commitment to cutting-edge technology that advances and uplevels the appraisal industry.
  • Aloft’s new AI-Driven Image Analysis feature automates image analysis of both subject and comparable properties, providing appraisers with accurate, data-driven recommendations for UAD quality and condition ratings, significantly reducing analysis time and potential for error.
  • Avi Joshi, Aloft's Head of Product, shared his enthusiasm for the new feature, saying, “This AI-Driven Image Analysis feature is a game-changer for real estate appraisers.
  • For further details on Aloft and its suite of tools, including the Appraiser Toolkit and the new AI-Driven Image Analysis feature, please visit www.aloftappraisal.com .

2024 NMHC 50 Underscores Challenges Over Past Year, but Projects Cautious Optimism for 2024

Retrieved on: 
Wednesday, April 3, 2024
Banking, Professional Services, Other Construction & Property, Residential Building & Real Estate, Public Policy, Delivery Services, Other Policy Issues, Construction & Property, Retail, Urban Planning, Finance, Government, Tax, Federal, Policy, Insurance, Council, Housing, NMHC, Federal Reserve, Firefighter

With a solid economic foundation and anticipated rate cuts from the Federal Reserve, coupled with strong demand for rental properties, cautious optimism prevails for the multifamily sector.

Key Points: 
  • With a solid economic foundation and anticipated rate cuts from the Federal Reserve, coupled with strong demand for rental properties, cautious optimism prevails for the multifamily sector.
  • Collectively, the NMHC 50 owners control nearly 10% of the total U.S. apartment stock and NMHC 50 managers oversee about one fifth of the nation’s apartments.
  • 2,432,766 – Number of total units owned by NMHC 50 top owners, representing nearly 10% of the total U.S. apartment stock.
  • For more information, contact NMHC at 202/974-2300, e-mail the Council at [email protected] , or visit NMHC's website at nmhc.org.

Trex and REI Co-op Team Up to Expand Signature Camping Experience near Bryce Canyon National Park

Retrieved on: 
Wednesday, April 3, 2024
Banking, Architecture, Professional Services, Consumer, Residential Building & Real Estate, Commercial Building & Real Estate, Other Manufacturing, Construction & Property, Other Consumer, Building Systems, Landscape, Finance, Manufacturing, Recycling, ESG, Polyethylene, Travel, Light, Wood, TREX, Skin, Water, REI, Multimedia, Collection, Marketing, Snow

When it came time for REI to expand its Signature Camp near Bryce Canyon National Park in Utah, it was only natural that the brands work together to highlight the full-circle efforts at REI’s private campsite.

Key Points: 
  • When it came time for REI to expand its Signature Camp near Bryce Canyon National Park in Utah, it was only natural that the brands work together to highlight the full-circle efforts at REI’s private campsite.
  • Nature lovers can now enjoy the great outdoors from tent set-ups situated on elevated platforms made from Trex composite decking.
  • Bringing these efforts full circle to REI’s campsite, the company worked with Trex to build 10 elevated decking platforms at its Signature Camp near Bryce Canyon.
  • Another reason REI chose Trex decking for its Bryce Canyon campsite is practicality.

Graco Launches TruMix XT™ Variable-Ratio Mixing System

Retrieved on: 
Wednesday, April 3, 2024
Other Manufacturing, Commercial Building & Real Estate, Construction & Property, Engineering, Chemicals, Plastics, Interior Design, Manufacturing, Machinery, Other Construction & Property, Residential Building & Real Estate, Extreme, Inc., Multimedia, Graco (fluid handling), Graco

Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, introduces the TruMix XT™ variable-ratio mixing system.

Key Points: 
  • Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, introduces the TruMix XT™ variable-ratio mixing system.
  • Graco’s TruMix XT variable-ratio mixing system is a revolutionary solution for mixing 2-component floor coatings.
  • (Photo: Business Wire)
    “The TruMix XT mixing system frees up labor from the mix station and eliminates mix errors, enabling contractors to operate more profitably and grow their business,” said Ben Tollefson, Graco Global Product Marketing Manager.
  • To learn more about the Graco TruMix XT mixing system, visit www.graco.com/trumixxt .