While real estate in general has languished
Jones Lang LaSalle has hired Thomas O. Fish, Michael J. Melody and Thomas J. Melody to lead its Americas Real Estate Investment Banking (REIB) business
The Mortgage Bankers Association has published a study (a “Data Note,” the organization calls it) of the relative strength of loans held by U.S. banks and thrifts, finding that commercial and multifamily mortgages remain–despite gloomy press stating the contrary–relatively strong.
Rental search engine rentbits.com has acquired ApartmentFrog.com, an apartment search site, for an undisclosed price.
Marcus & Millichap Real Estate Investment Services sold The New Amsterdam, a 75,375-square foot multifamily and retail asset in Washington, D.C. The sales price of $11,750,000 represents $156 per square foot, or $130,556 per unit.