| Apartment Market Updates |
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Real Data's Southeast Apartment Index, which is a composite of apartment rental market conditions in the 19 markets Real Data tracks, reached its lowest levels in the 3rd quarter of 2009. The index tracks occupancies, rent growth, supply growth and demand. The good news is some areas are showing modest improvements in the 4th quarter, but Real Data's forecast remains weak for most markets through 2010.
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Tampa Bay
Real Data
12-01-2009
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Demand and occupancies are up...
Tampa Bay is showing signs of improvement with strong demand and limited new supply. However rental rates continue to decline... Read More |
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Real Data
11-30-2009 |
Outperforming most southeast markets...
Although occupancies are higher in the Hampton Roads than most Southeast cities and have improved over the last six months, occupancies have fallen over the last three years and are expected to decline further in 2010... Read More |
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Columbia
Real Data
11-15-2009 |
Development activity comes to a near halt...
Columbia's apartment development boom, which spanned the past three years, has finally come to a stop with only 162 units started in the last six months... Read More |
| Regional News Updates |
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12-14-2009 |
Fairfield Residential files for bankruptcy
Fairfield Residential LLC, the owner and developer of apartments in 40 markets across the U.S., filed for bankruptcy protection, saying it expects a cash infusion to help fund a reorganization backed by its major creditors... Read More |
National
Wall Street Journal
11-18-2009 |
Fannie, Freddie woes hurt apartments
The deteriorating commercial real-estate market is hitting Fannie Mae and Freddie Mac, the housing-finance giants that were taken over by the government last year after billions of dollars in losses on residential real estate... Read More |
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Orlando
Orlando Business Journal
12-09-2009
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Central Florida gets $40M to jump start commuter rail
Congressional budget negotiators late last night agreed to spend $40 million to help jump-start a rail system that will serve commuters in Central Florida. The $40 million is for preliminary engineering and final design of the SunRail commuter system around Orlando... Read More |
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12-04-2009
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Verizon Wireless closing call center
Verizon Wireless will close its Virginia Beach call center, which has about 450 employees, in nine to 12 months, the company announced. Verizon is closing the center, and three others across the country... Read More |
Raleigh
Triangle Business Journal
12-07-2009
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Syngenta plans for major growth in RTP
Syngenta is expanding its Research Triangle Park operations by leasing an additional 100,000 square feet of office space and putting 50 acres of RTP land under contract to purchase, the company said.... Read More
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S. Carolina
Charleston Regional Business Journal
10-02-2009
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2010 forecast offers some light amid the gloom
South Carolina’s economy should show some recovery in growth and jobs in 2010, but unemployment will remain stubbornly high, according to economists presenting at a conference today at the University of South Carolina... Read More |
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12-04-2009 |
Five historic buildings to become apartments
The South Carolina developers who plan to renovate the 100-year-old Union Mission into a 90-unit apartment building say they also want to transform four other historic buildings into affordable rental housing... Read More |
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Charlotte Observer
12-16-2009 |
Swedish firm to add hundreds of jobs
The Swedish appliance maker Electrolux will move its North American headquarters to Charlotte, bringing hundreds of jobs... Read More |
Charleston
Charleston Regional Business Journal
11-17-2009 |
Kiawah River Plantation moving forward
The Beach Co's plans for a 1,427-acre resort development just across the river from Kiawah Island on Johns Island are moving through Charleston County’s approval process... Read More |
Jacksonville
Jacksonville Business Journal
11-10-2009 |
Deutsche Bank to add 250 jobs
Deutsche Bank will add 250 more employees to its Jacksonville operations, the company announced. The global financial services giant opened a “nearshore” operations hub off Deerwood Park last year ... Read More |
