Archive for December, 2011

Increased Rental Demand – Good For Corporate Housing

Demand for Rentals Drives Big Rise in Home Building

Wallstreet Journal

By ROBBIE WHELAN

Residential construction surged in November, sparking cautious hope that the U.S. housing market is gaining traction.

Housing starts hit a seasonally adjusted annual rate of 685,000 units, the highest level in 19 months, the Commerce Department said Tuesday.

Starts in November were up 9.3% from October and 24.3% ahead of the November 2010 figure.

While those gains are sizable, starts remain well below the one million to 1.5 million annual pace needed for a healthy market….

http://online.wsj.com/article_email/SB10001424052970204058404577110732758851626-lMyQjAxMTAxMDIwMTEyNDEyWj.html?mod=wsj_share_email

Real Estate Agents can benefit from new opportunities too!

Big Developers Dabble in Apartment Market

Wall Street Journal

By A.D. PRUITT And DAWN WOTAPKA

Some of the leading U.S. developers of malls and office properties are moving into the apartment business, where demand for new projects is stronger than any other commercial-real-estate sector.

Fueled by the decline in home ownership, the boom in apartment building is attracting commercial-property companies such as Boston Properties Inc., Mack-Cali Realty Corp., SL Green Realty Corp., Simon Property Group Inc. and Macerich Co. They all have either acquired, completed or broken ground on apartment buildings in recent months, or plan to do so next year.

The companies’ moves are helping fuel a boom in rental apartment development and investment. The Commerce Department said Tuesday that construction starts in the multifamily sector in November spurted 25.3% from the previous month. Single-family housing starts rose just 2.3%.

Many of the nation’s biggest office and retail developers are getting in the apartment game for the first time. For example, Macerich, a mall giant whose holdings include Scottsdale Fashion Square in Arizona and Queens Center, in New York, is building a 430-unit apartment tower at its Tysons Corner Mall in Virginia. The company says it also is exploring building apartment units at its Broadway Plaza mall in Walnut Creek, Calif….

http://online.wsj.com/article_email/SB10001424052970204058404577110891819911670-lMyQjAxMTAxMDIwMTEyNDEyWj.html?mod=wsj_share_email

Traveling Healthcare Professionals Need Your Help

Every year over 100,000 healthcare professionals travel for their job and they need more corporate housing solutions – AvenueWest Global Franchise would like to support you grow your Corporate Housing inventory to support this growing demand.

http://www.natho.org/what-is-a-travel-healthcare-professional.php

Needed… Charlotte, NC

Chiquita Brands International​, Inc. (NYSE: CQB) will relocate its corporate headquarters to Charlotte, NC from the company’s current location in Cincinnati, OH.  The relocation will include more than 300 positions currently based in Cincinnati.  Chiquita will also consolidate other corporate functions in Charlotte by bringing more than 100 additional positions currently spread across the U.S. The move is expected to be complete by the end of 2012.

AvenueWest is looking for a qualified business entrepreneur to start an AvenueWest Franchise in Charlotte, NC.  For more information email: Global@AvenueWest.com or call 303.825.7625

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