Property management

Management of real estate and physical property

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May 2025 Colorado state legislature passed a bill banning algorithmic price setting of rents, which was subsequently vetoed by Governor Jared Polis.
May 13 2025
Maryland House Bill 107
Governor Wes Moore signed the revised legislation (sponsored by C. Anthony Muse in the Senate and Marvin E. Holmes Jr. in the House) into law, which provides new requirements for housing cooperative, condominium, and homeowner association reserve studies and funding plans.
May 4 2025 JRK Property Holdings ranked as the 50th largest apartment owner in the United States by the National Multi Housing Council, with a portfolio of 25,796 units.
2025 Denied a $13.5 million loan request from the city for the Brooklyn Village project by government officials.
2025 Sodexo aims to complete its goal of sourcing 100% sustainable fish and seafood globally.
2025 Sodexo plans to transition to 100% free-to-roam pork, including group-housed and gestation crate-free systems, by the end of the year.
March 2025
Maryland House Bill 107
Baltimore Sun reported calls to change the existing state law due to rising condominium fees, which were described as particularly burdensome for senior citizens.
March 2025 Court found that Angels Landing adequately stated a viable claim against the City for breach of the Exclusive Negotiating Agreement (ENA), overruling the City's demurrer.
February 2025 Michael Svagdis was named CEO of campus and government services in the US.
January 21 2025
Maryland House Bill 107
Baltimore County Council unanimously approved a resolution requesting Maryland General Assembly representatives to amend the law, seeking to extend reserve study compliance time from three to five years for community associations.
January 2025 Filed a lawsuit against the City of Los Angeles seeking to recover $20 million invested in the Angels Landing project, alleging unlawful contract termination.
2024 Forbes values Monumental Sports & Entertainment at $6.16 billion.
November 2024
Maryland House Bill 107
Rockland Run condominium community in Baltimore County reported a 15% raise in dues and a $250,000 special assessment, with residents considering leaving due to rising costs and concerns about property management.
August 2024 Department of Justice and Attorneys General of eight states filed a civil antitrust lawsuit against RealPage, alleging an unlawful scheme to decrease competition in the rental market.
August 2024 San Francisco banned algorithmic rent pricing by RealPage, marking a significant regulatory action against the company's rental pricing software.
August 2024 Greystar announced plans to expand into infrastructure development.
July 1 2024 Final deadline for all private rental properties in New Zealand to fully comply with Healthy Homes Standards.
March 2024 After Alexandria officials scrap the $2 billion entertainment and sports complex plans, Washington mayor Muriel Bowser announces a new deal to keep the Capitals and Wizards in the District until 2050.
February 2024 City of Los Angeles terminated the exclusive negotiating agreement for the Angels Landing project.
February 2024 Greystar acquired Wood Partners, a developer and builder, adding 38,000 units to its management portfolio.
February 2024 Brookfield Properties expanded its global footprint by opening new offices in India and the United Arab Emirates (UAE).
January 2024 US Senators Ron Wyden and Peter Welch introduced the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act of 2024, which would ban coordination of rental housing price information.
January 2024 A tenant in Lakewood, Colorado sued Greystar over alleged junk fees added to monthly rent. In the same month, Greystar charged a Loveland, Colorado family $4,140 in lease-breaking penalty fees following the death of the lease's primary signer.
January 27 2024 Lang Walker, co-founder of Walker Corporation, passed away at the age of 78, marking a significant moment in the company's history.
December 2023 Chief US District Judge Waverly Crenshaw denied RealPage's motion to dismiss the consolidated lawsuits.
December 2023
Maryland House Bill 107
Del. Holmes reported working to pass an amended law in the 2024 legislative session to address confusion and increase the time community associations are required to fill their funds.
December 2023
Maryland House Bill 107
Maryland Attorney General's consumer protection division announced potential enforcement action against community associations not complying with House Bill 107, with associations potentially facing civil penalties.
December 2023
Maryland House Bill 107
Residents of Tudor Arms Apartments in Baltimore's Wyman Park expressed concerns about the law's financial burden, highlighting difficulties in raising necessary funds and potential inability of some residents to pay increased fees.
December 2023 Leonsis announces a non-binding partnership with Virginia governor Glenn Youngkin to potentially move the Capitals and Wizards to a planned arena in Potomac Yard, Alexandria, Virginia by 2028.
November 2023 District of Columbia Attorney General Brian Schwalb filed an antitrust price-fixing lawsuit against RealPage and multiple large apartment landlords, alleging illegal conspiracy to set artificially high rental prices.
November 2023 US Justice Department filed a 'statement of interest' supporting the lawsuits against RealPage, arguing that shared data and algorithms should be condemned as price-fixing.
October 2023
Maryland House Bill 107
OC Today reported significant financial impacts on condominium owners in Ocean City, Maryland, with unit owners facing potentially five-to-six digit bills to meet the law's reserve fund requirements.
October 26 2023 Sodexo's market capitalization was recorded at 11.5 billion euros.
October 1 2023
Maryland House Bill 107
Deadline for all Maryland condominiums, housing associations, cooperatives, and homeowner associations to complete a mandatory reserve study.
August 2023 Sodexo concluded its fiscal year, reporting revenues of €28.1 billion and an underlying operating profit of 699 million euros.
August 2023 Greystar's modular apartment venture, Modern Living Solutions, broke ground on its first multifamily project in Coraopolis, Pennsylvania.
August 2023 Secured funding from Stonehill Strategic Partners for Phase 1 of the Brooklyn Village development in Charlotte, NC.
June 2023 Lawsuit against Claridge Properties was resolved and dismissed, with Claridge no longer maintaining a capital interest in Angels Landing.
June 2023 Greystar broke ground on Summerwell Sunterra, a build-to-rent community in the Houston area.
June 14 2023 Opened the 17 Mississippi affordable housing development in Washington, D.C.
May 2023 The company purchased a 115,000 square foot warehouse in Doral at 1500 Northwest 95th Avenue for $16 million.
May 2023 CIM Group announced a new project at 5252 W. Adams Boulevard, a three-story office building with ground floor commercial space and parking garage basement, designed by 64North and totaling 32,600 square feet for rent.
May 2023 Mayfair Capital Investment Management rebranded as Swiss Life Asset Managers UK, marking a significant change in the company's corporate identity under its Swiss Life Asset Managers ownership.
April 2023 Over 20 private civil antitrust lawsuits against RealPage were consolidated in federal court in Nashville, Tennessee, alleging illegal price conspiracy.
January 2023 Brookfield Properties acquired office subsidiaries from Deutsche Bank A.G., including properties in London and New York.
2022
Maryland House Bill 107
Independent American Communities published a commentary claiming that CAI's reserve specialists would personally profit from the new legal requirements.

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This contents of the box above is based on material from the Wikipedia articles CIM Group, Peebles Corporation, Property management, Walker Corporation, Monumental Sports & Entertainment, Greystar, JRK Property Holdings, Maryland House Bill 107, Brookfield Properties, Mayfair Capital Investment Management, Sodexo & RealPage, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.

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