Archive for September 2008
SPECIAL REPORT: Economic Experts Say the Time to Buy is Now
By Erika Schnitzer, Associate EditorDenver–In this time of ever-increasing economic turmoil, is it time to buy, sell or hold? At a Multi-Housing World conference session on the apartment investment cycle, three expert panelists seeking to make sense of the past week advise that now is the time to buy.If there are no problems in your…
Read MoreConclusion: Do Not Sell
By Keat Foong Speakers at a panel at the Multi-Housing World 2008 Conference and Exhibition held in Denver came down squarely against placing apartment properties on the market. The session was titled Apartment Investment Cycle: Is it Time to Sell, Hold or Buy? "Do not sell unless you have to," said Ronald Brock, president and…
Read MoreGood News From Multi-Housing World 2008
Good news about the real estate market has become less and less frequent. While most in the industry still paint a fairly positive picture for the multi-housing industry, truth is that debt and equity capital is becoming more and more scarce with each new devastating headline coming out of Wall Street. And there are plenty…
Read MoreSPECIAL REPORT: In Time of Economic Turmoil, Panel at MHW Finds Some Silver Lining in Multifamily Sector
By Anuradha Kher, Online News EditorDenver–While there is plenty of bad news in the markets currently, panelists at the opening session of the 2008 Multi-Housing World Conference in Denver managed to find some good news to share with attendees. When Richard Green, Ph. D, professor and chair, University of Southern California Lusk Center for Real…
Read MoreSPECIAL REPORT: Are Potential Fair Housing Mistakes Keeping You Up at Night?
By Erika Schnitzer, Associate EditorDenver–With the growing concern over potential fair housing violations and the mounting number of lawsuits over such mistakes, it is crucial for the multifamily industry to be aware of a multitude of issues relating to the topic. At Multi-Housing World in Denver, a panel comprised of Anne Sadovsky, certified speaking professional;…
Read MoreTreat Green Guidelines as Tool, Not Goal, Say Panelists at Multi-Housing World Green Multifamily Session
By Anuradha Kher, Online News EditorDenver–The Multi-Housing World Conference kicked off yesterday in Denver with a series of workshops designed to tackle urgent issues facing the multifamily industry today. Green building, sustainable development, high-performance projects; whatever one’s term of preference may be, the issue at hand continues to garner growing interest in the industry. As…
Read MoreFreddie Mac Provides $548M for Affordable Housing Units, Proves Conservator’s Commitment to Multifamily
By Anuradha Kher, Online News EditorMcLean, Va.–With the collaboration of Citi Community Capital and Municipal Capital Markets, Citi recently closed $548 million in its first Tax-Exempt Bonds Securitization (TEBS) with Freddie Mac. This is the second largest TEBS transaction in Freddie Mac’s history and one that will support more than 8,800 affordable housing units.The collateral…
Read MoreTODAY’S DEALS: NorthMarq Capital Arranges $72.915 in Mortgages for Three Multifamily Properties, and Other Transactions
By Anuradha Kher, Online News EditorSan Francisco, San Ramon, Garden Grove, Calif.–NorthMarq Capital Inc.’s (NorthMarq) San Francisco regional office, recently arranged first mortgage financing of $7.5 million for 1055 California St., a 15-unit multifamily property, located in San Francisco while the Los Angeles regional office arranged a $53 million first mortgage financing for Mill Creek…
Read MoreQ&A with Jeff Adler: Job Growth in Telecom, Biotech, O&G, Emerging Alternative Energy Industry in Denver is Driving Demand for Multifamily Here
Jeff Adler (pictured) is the executive vice president and chief operations officer of Apartment Investment and Management Co. (AIMCO), the largest apartment owner in the United States.He previously served as the company’s chief property operations officer and executive vice president of AIMCO Property Operations and several other positions.Currently, he focuses on initiatives in consumer marketing,…
Read MoreSPECIAL REPORT: Mile-High TODs Pick Up Speed
By Teresa O’Dea Hein, Managing EditorDenver–A busload of Multi-Housing World attendees enjoyed a comprehensive tour of multifamily developments in the Mile High City this morning as they got to see firsthand how Denver has transformed its housing stock and neighborhoods in the last 10 years, with the help of an extensive light rail system. Downtown…
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