Next Three Years Could be Great for Apartment Industry: BRE Properties CEO

Very likely to rent.

The next three years will be the best the apartment industry has ever seen, according to Connie Moore. She's the CEO of BRE Properties. Moore made her comment at Pacific Coast Builders Conference (PCBC) on June 23, as reported on the Multifamily Executive website. “I don’t think any of us are naive enough to think that every single person is going to be … [Read more...]

Heritage Capital Group and Pegasus Residential Join Forces to continue North Carolina portfolio expansion

Raleigh, NC. (June 2011) – Heritage Capital Group, the investment arm of Heritage Management, announces its expansion into the Raleigh, NC Market with the purchase of 3 apartment communities along with a partnership with Pegasus Residential, a professional property management company based in Alpharetta, GA. Heritage Capital Group has chosen Pegasus Residential … [Read more...]

Pine Straw Ordinance Adopted in City of Durham

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At the June 6 City of Durham Council meeting the Council unanimously adopted a Pine Straw Ordinance. The ordinance says that no pine straw or any other landscaping material with a fire rate of spread of more than 24 inches per minute shall be placed within 10 feet of buildings with combustible exterior construction. Town homes with common walls are included … [Read more...]