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Volume 3 - Number 24 | December 13, 2005
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TOP STORY: Condo Market Could Suffer As Housing Boom Slows
By Sule Aygoren Carranza
The housing markets are slowing, says Steve Friedman, Ernst & Young’s national director of housing. While that is not a major cause for concern, it could negatively affect the vitality of entry-level condos in select markets, Friedman explains.
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INSIDER: Henderson Global Investors’ Jay Martha
By Sule Aygoren Carranza
Investment management company Henderson Global Investors recently closed its third multifamily fund, CASA III, having raised $225.3 million in equity. The fund has already completed a major purchase, acquiring seven properties financed with tax-exempt municipal bonds, which are issued for the development of market-rate housing.
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MARKET SPOTLIGHT: Rents Growing Across Most of Northeast
By Sule Aygoren Carranza
Rental markets are improving in the Northeast, according to a recently released study by Sunrise Management & Consulting. It found that rents in all of the Northeast markets grew over the previous quarter, except in some areas of Upstate New York.
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