Archive for September 2008

By Erika Schnitzer, Associate EditorMilton, Vt.–Enterprise Community Investment Inc. has closed a U.S. Department of Agriculture Section 538 Rural Development loan, providing $1.1 million in financing for Meadowlane Apartments.The financing is part of a $6 million renovation of the property by The Housing Foundation Inc. and the Vermont State Housing Authority. The program provides loans…

By Erika Schnitzer, Associate EditorDenver–Multi-Housing World’s widely popular “60 Ideas in 60 Minutes” session drew management suggestions from 11 leading multifamily experts. The panel, moderated by Anne Sadovsky, certified speaking professional, proposed innovative ideas for use across the industry and to help properties stay competitive in their marketplaces.The dynamic panel was made up of Toni…

By Keat Foong, Executive EditorDenver–Speakers contemplated reduced levels of capital availability at a session addressing equity financing at the Multi-Housing World 2008 Conference and Exhibition, held from Sept. 16 to 19 in Denver. The session, entitled “How to Fund Your Project (II): Finding, Negotiating and Structuring Equity Financing,” was moderated by Brian Ward, managing principal,…

By Anuradha Kher, Online News EditorNew York–The Ascend Group recently topped off Georgica, a 20-story condominium project in Manhattan’s Upper East Side neighborhood. All 20 stories are now up and glass paneling is being installed. Located at 305 East, 85th St., the 58-unit development features gourmet kitchens and amenities such as a children’s playroom, a…

By Keat Foong, Executive EditorDenver–Panelists speaking at a session at Multi Housing World 2008 Conference and Exhibition encouraged the audience to recognize the characteristics of the children of the Baby Boomers and target their marketing appropriately. The title of the session was “Reader’s Choice: Apartments Benefit During Downturn.” Moderator Jennifer Cox Cyphers, president of Multifamily…

By Keat Foong, Executive EditorDenver—The official word is that it is “business as usual” for Fannie Mae and Freddie Mac multifamily financing despite the recent government takeover of the two agencies, said Cheryl Higley, director of real estate mortgage capital at RBC Capital Markets.Higley was speaking at the session titled What is Happening in the…

By Teresa O’Dea Hein, Managing EditorDenver–“Our world is changing fast and our customers are changing, but we as an industry are not fast to change,” pointed out Joe Peterson, president of Insight Real Estate Group, during Thursday morning’s Leaders Forum: The View from the Top. People sometimes blame market conditions for a lack of leasing…

By Erika Schnitzer, Associate EditorDenver—The winners of the 2008 Design Excellence awards were announced in September at Multi-Housing World. Projects were chosen based on a number of criteria, including overall composition, functionality, aesthetics, special attributes and sustainable elements, if applicable.Click here to see all the 2008 finalists.The panel comprised of five industry professionals, including Darin…