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.
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.
Seattle–Since the beginning of this year, the Seattle rental market has seen marked improvement, according to Hendricks & Partners.
He talks to MHN about the trend of distressed deals and how QualityFirst Commercial helps developers through the process of foreclosure.
Mountain View, Calif.–Search engine giant Google has found a new vehicle for giving back to the community.
New York–Multifamily starts have hovered in the 100,000 to 142,000-range for all of this year, which isn’t saying anything positive about the multifamily sector.
Canoga Park, Calif. – Marcus & Millichap Capital Corporation (MMCC) has arranged $6,775,000 in loans to refinance two multifamily assets. The properties and loan amounts are: a 44-unit apartment complex in Canoga Park, Calif., for $3,000,000, and a 132-unit multifamily property in Hurst, Texas, for $3,775,000. Sharone Sabar, a director in the firm’s Encino office, arranged the loans.
San Diego–Maricopa County (Ariz.) Superior Court Judge Eileen S. Willett has ruled that San Diego-based Trigild can sell seven Arizona apartment properties that it currently holds in receivership.
Redlands, Calif.–George Smith Partners arranged $12.8 million in Freddie Mac financing and a $16.6 million sale for a 198-unit, Class B multifamily property in Redlands, Calif., announces David Rifkind and Steve Bram, principals and managing directors of George Smith Partners.
McKinleyville, Calif. –Arbor Commercial Funding LLC recently oversaw the funding of two loans under the Fannie Mae DUS Small Loan product line.