Archive for ‘November, 2011’

TODAY’S DEALS: MIG Real Estate Acquires 240-Unit Denver Asset

TODAY’S DEALS: MIG Real Estate Acquires 240-Unit Denver Asset

MIG Real Estate acquires a 240-unit community in Denver; Wells Fargo arranges $41.4 million in refinancing for an affordable housing asset; and Berkadia originates acquisition and interim financing totaling $153 million in New York City.

Lafayette Boynton Acquisition Leads to Green Redevelopment

Lafayette Boynton Acquisition Leads to Green Redevelopment

Global One Real Estate Fund, in conjunction with the New York Affordable Housing Preservation Fund, a joint venture between L+M Development Partners and Citibank, has bought Lafayette Boynton from AREA Property Partners for $51.5 million.

Crystal Point in Jersey City Adds Designer Models

Crystal Point in Jersey City Adds Designer Models

Crystal Point, an upscale development in Jersey City, has augmented its marketing efforts with two professionally decorated models, including a two-bedroom penthouse residence on top of the 42-story structure.

Industry Insight: Chrissa Pagitsas Shares Highlights of Fannie Mae’s Green Initiative Program

Industry Insight: Chrissa Pagitsas Shares Highlights of Fannie Mae’s Green Initiative Program

Fannie Mae was hard to miss at Greenbuild 2011 in Toronto. Chrissa Pagitsas, LEED AP, green initiative program manager/multifamily risk, presented at three different panels.

Editor’s Note: Connecting with Residents and Investors

Editor’s Note: Connecting with Residents and Investors

The recent freak snowstorm that hit our area just a few days before Halloween, causing widespread power outages and, in some towns, the rescheduling of trick-or-treating, reminds us that some things are simply out of our hands.

AUM and GeorgiaTech Release Multifamily Energy Benchmarking Tool

AUM and GeorgiaTech Release Multifamily Energy Benchmarking Tool

American Utility Management and Georgia Tech have released AUMScore, an energy benchmarking tool developed specifically for multifamily owners.

Plan the Marketing… Then Work the Plan

Plan the Marketing… Then Work the Plan

In Part One of a two-part series, Kate Good discusses the importance of a solid marketing plan.

Innovative Financing Benefits Ohio Affordable Housing Development

Innovative Financing Benefits Ohio Affordable Housing Development

The Reserve on South Martin, an affordable multifamily development for older adults under construction in suburban Cincinnati, substantially benefited from an innovative financing approach from Red Capital Markets LLC.

Economy Watch: Home Prices Stuck in Neutral

Economy Watch: Home Prices Stuck in Neutral

The latest S&P/Case-Shiller Home Price Indices, which were released on Tuesday, showed that U.S. home prices didn’t move much during the third quarter of 2011, with the National Home Price Index seeing a 0.1 percent uptick quarter-over-quarter.

Seattle Expands Energy Benchmarking Program to Include Multifamily Properties

Seattle Expands Energy Benchmarking Program to Include Multifamily Properties

The city of Seattle has notified the owners of about 8,000 buildings within the city that they will be required to participate in the city’s Building Energy Benchmarking and Reporting Program.

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