Archive for the Category ‘News’

Metcalf West Gets Serious About Solar Energy

Metcalf West Gets Serious About Solar Energy

Oahu, Hawaii–Metcalf West, a commercial, affordable housing and residential builder based out of Oahu, recently installed solar panels at its headquarters in the Kohanaiki Industrial area.

DEAL OF THE DAY: Walter Investment Buys $6.3M in Loans Held by Pool of Mortgages

DEAL OF THE DAY: Walter Investment Buys $6.3M in Loans Held by Pool of Mortgages

Tampa–Walter Investment Management Corp. completed the purchase of a pool of residential first-lien mortgage loans utilizing $6.3 million of proceeds from its equity offering.

California Set to Make Mechanic’s Lien Law Change

California Set to Make Mechanic’s Lien Law Change

Sacramento, Calif.–In a move that might benefit multifamily property owners in California who hire outside contractors to do work on their properties, the state of California will change the way property owners are notified of mechanic’s liens.

MARKET SNAPSHOT: Seattle Rents Remain Stable

MARKET SNAPSHOT: Seattle Rents Remain Stable

Seattle–Since the beginning of this year, the Seattle rental market has seen marked improvement, according to Hendricks & Partners.

Centex Opens Family-Friendly Condominium Community in Bergen County, N.J.

Centex Opens Family-Friendly Condominium Community in Bergen County, N.J.

Garfield, N.J.–Signature Place at Garfield, a 184-unit condominium property in Garfield, N.J., has made its debut.

MHN Interview with Greg Rutten: Apartment Market Downturn Will Last Another 3-4 Years

MHN Interview with Greg Rutten: Apartment Market Downturn Will Last Another 3-4 Years

He talks to MHN about the trend of distressed deals and how QualityFirst Commercial helps developers through the process of foreclosure.

Long-Shuttered School Transformed Into Wilber School Apartments

Long-Shuttered School Transformed Into Wilber School Apartments

Sharon, Mass.–A vintage 1920s school in Sharon, Mass. has been renovated and combined with complementary new structures.

Google Establishes $86M Low-Income Housing Fund through U.S. Bank Subsidiary

Google Establishes $86M Low-Income Housing Fund through U.S. Bank Subsidiary

Mountain View, Calif.–Search engine giant Google has found a new vehicle for giving back to the community.

DEAL OF THE DAY: Red Completes $136M Fannie Mae Refinance Loan for 10-State Portfolio Acquisition

DEAL OF THE DAY: Red Completes $136M Fannie Mae Refinance Loan for 10-State Portfolio Acquisition

Columbus, Ohio–Red Mortgage Capital, LLC, the mortgage banking arm of comprehensive capital provider, Red Capital Group, recently closed a $136 million-plus transaction on a pool of 11 assets located across 10 states nationwide.

gallery 421 Opens in Downtown Long Beach

gallery 421 Opens in Downtown Long Beach

Irvine, Calif.–gallery421, Lyon Communities’ third luxury project in downtown Long Beach is now ready. The first residents moved in late June.

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