Archive for February 2009
“Gimme Shelter” with Daniel Gehman: Traction
For those of you who have never been stuck in a vehicle, whether in mud or, more likely in snow, this concept may be a little hard to grasp. However, anyone who has been through this experience will recognize that astonishingly satisfying moment when your wheels finally grip something with a bit more bite than…
Read MoreMULTI-HOUSING EXECUTIVES UPDATE: Gary Gregory Named Top Advisor at Sperry Van Ness, and Other News
By Anuradha Kher, Online News EditorIrvine, Calif.–Sperry Van Ness has named Gary Gregory (pictured), CCIM managing director for Sperry Van Ness | Gregory Interests LLC, as the Sperry Van Ness Top Advisor in 2008. In addition, Sperry Van Ness | Gregory Interests LLC was the number two ranked office in 2008.In 2008, he completed 65…
Read MoreTODAY’S DEALS: Love Funding Secures $4.8M HUD Refi Loan, and Other Transactions
Boston–Love Funding’s Boston office has secured a $4,813,600 refinance loan for St. Peter Apartments (pictured), a 127-unit multifamily housing complex located in Columbia, Penn. Love Funding secured the loan through the HUD 202/223(f) loan program and used its experience with the HUD 202 refinance program to assist the borrower in meeting the HUD requirement of…
Read MoreHUD Provides Nearly $1.6B in Homeless Assistance, Emphasizing Proven Programs
By Anuradha Kher, Online News EditorWashington–The U.S. Department of Housing and Urban Development (HUD) announced this week that it is providing nearly $1.6 billion in homeless assistance. The American Recovery and Reinvestment Act of 2009, which was signed into law this week, will also provide an additional $1.5 billion in funding for homeless prevention.The grants…
Read MoreHathaway Completes 4 Projects in Gulf Coast to Take Advantage of GO ZONE Benefits, High Demand for Apts.
By Anuradha Kher, Online News EditorAtlanta–Hathaway Construction Co., Inc. recently completed four GO Zone apartment projects on the Gulf Coast. The four projects, Ansley Walk in Lafayette, La., Ansley Place (pictured) in Houma, La., Stone Ridge at Somerby Park in Mobile, Ala. and The Vinings at Spanish Fort in Spanish Fort, Ala., are all Class…
Read MoreValue Cos. Offers Renter Incentives at Luxury and Market-Rate N.J. Communities
By Erika Schnitzer, Associate EditorClifton, N.J.—Value Companies, a real estate development, investment and management company, is offering incentives to renters at its northern New Jersey communities, one-third of the company’s portfolio. “Because of current economic conditions, there is a real flight to quality and value. Renters, more than ever, want to feel like they are…
Read More“Capital Insights” with Jack Kern: California to be Listed on eBay
“And now, of course this is another thing I didn’t count on, that now as the Governor of the state of California, I am selling California worldwide. You see that? Selling.” Governor Arnold Schwarzenegger, State of California With little fanfare and a huge amount of criticism, the state of California is suffering in an unprecedented…
Read MoreQ&A with Annie Laurie McCulloh: LRO Can Provide a 3-5% Revenue Lift
Annie Laurie McCulloh (pictured) is the new vice president of business consulting at the Rainmaker Group. She is responsible for managing LRO (Lease Rent Options) project implementations and ensuring that solutions exceed client expectations. McCulloh has helped design, deliver and support pricing solutions and has also served as the pricing manager tasked with making pricing…
Read MoreTODAY’S DEALS: Meridian Capital Arranges Over $8M in Financing, and Other Transactions
By Anuradha Kher, Online News EditorJoliet and Morris, Ill.–Meridian Capital Group recently arranged financing in the amount of $8,830,000 for three multifamily properties located in Joliet and Morris, Ill. The two properties together feature 237 residential units and are located on Mabel Court in Morris and Larkin Avenue (pictured) in Joliet. Meridian negotiated on behalf…
Read MoreNewly Unveiled Housing Affordability and Stability Plan Doesn’t Help Renters
By Anuradha Kher, Online News EditorWashington, D.C.–President Obama’s newly unveiled $75 billion Housing Affordability and Stability Plan, which is aimed at avoiding foreclosures, may be the much needed relief for many individuals on the brink of losing their homes. While it was praised by some housing groups, others said the plan isn’t the best course…
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