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TODAY’S DEALS: NorthMarq Arranges $21.8M for California Affordable Housing

TODAY’S DEALS: NorthMarq Arranges $21.8M for California Affordable Housing

NorthMarq refinances two assets in Alameda, Calif.; Marcus & Millichap closes the sale of Imperial Crown apartments; and Berkadia originates $34 million for a multifamily property on Long Island, N.Y.…

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L+M Development Opens Final Phase of Candlestick Heights

L+M Development Opens Final Phase of Candlestick Heights

Affordable housing developer L+M Development Partners recently announced the official opening of the long-stalled Candlestick Heights affordable housing community in San Francisco’s Bayview Neighborhood. …

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Centerline Capital Group Officially Renamed Hunt Mortgage Group

Centerline Capital Group Officially Renamed Hunt Mortgage Group

Centerline Capital Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, announced that it has been renamed Hunt Mortgage Group, completing the firm’s transition to Hunt Companies Inc.…

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Zillow Announces Acquisition of Trulia for $3.5 Billion in Stock

Zillow Announces Acquisition of Trulia for $3.5 Billion in Stock

Zillow today announced that it has entered into a definitive agreement to acquire Trulia for $3.5 billion in a stock-for-stock transaction.…

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Pennrose Properties Opens Heritage at Alexander Hamilton in N.J.

Pennrose Properties Opens Heritage at Alexander Hamilton in N.J.

A ribbon-cutting ceremony has officially unveiled Phase III of the long-awaited Heritage at Alexander Hamilton in Paterson, N.J. The new affordable housing lifestyle community was developed by Pennrose Properties, in partnership with the Housing Authority of the City of Paterson. …

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Economy Watch: Bank Failures Sluggish in ’14

Economy Watch: Bank Failures Sluggish in ’14

Over the weekend, the FDIC closed its 14th failed bank of 2014, Greenchoice Bank in Chicago.…

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TODAY’S DEALS: Kislak Completes $136M Multifamily Property Sale–Largest in New Jersey Since ‘11

TODAY’S DEALS: Kislak Completes $136M Multifamily Property Sale–Largest in New Jersey Since ‘11

The Kislak Co. Inc. announced the $136 million sale of Rachel Gardens, a 764-unit apartment community on more than 98 acres in the Pine Brook section of Montville, N.J.; and NorthMarq Capital supplies a $10.6 million refinance for a Chicago redevelopment. …

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iStar Financial Records Highest Volume of Sales in Atlanta for First Half of 2014

iStar Financial Records Highest Volume of Sales in Atlanta for First Half of 2014

iStar Residential has announced that it has recorded almost $16 million in sales at the Residences at Mandarin Oriental, Atlanta, a 42-story building that is a combination of hotel units and personal residences. …

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Michaels Organization Educational Foundation Awards $500K

Michaels Organization Educational Foundation Awards $500K

The Michaels Organization Educational Foundation has announced its scholarship distributions for 2014. The foundation gives college scholarships each year to aspiring students who live in the properties owned or managed by the companies.…

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Insights on Instagram

Insights on Instagram

Buckingham Companies’ team dove into Instagram as a major component of their marketing strategy for CityWay in downtown Indianapolis. MHN caught up with Marketing Manager Nicole Crosby to explore the method behind their success.…

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Condo Prices Skyrocket in Downtown Miami

Condo Prices Skyrocket in Downtown Miami

As the current wave of development nears the halfway point, downtown Miami condominium prices are soaring. Prices for existing (prior cycle) resale condo units in the city’s downtown district have ballooned 75 percent over the past 24 months.…

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Economy Watch: New Home Sales Drop in June

Economy Watch: New Home Sales Drop in June

Sales of new single-family houses nationwide came in at an annualized rate of 406,000 units, according to the Census Bureau. That’s 8.1 percent below the May rate of 442,000 units, and 11.5 percent lower than the rate in June 2013.…

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