Archive for April 2009
Gross & Cohen Real Estate Investors Forms Property Management Firm
By Anuradha Kher, Online News Editor Amherst, Mass.– Gross & Cohen Real Estate Investors recently formed Gross & Cohen Management LLC, a company that will provide property management and consulting services to student housing owners and investors at campuses across the U.S.“We are currently in the process of looking for clients,” Steve Gross, CEO of Gross…
Read MoreGUEST COLUMN: A Return to Profitability
s more efficiently end up planning their jobs more carefully, which means their workers become more productive. Trade contractors who have gone through this process generally become better managed and more profitable on all their jobs.While builders can no longer afford their Starbuck’s latte in the current residential building market, they can stop the drip…
Read More‘Editor’s Notebook’ with Diana Mosher: Working Smarter Not Harder
In New York City the daffodils are in full bloom and you don’t have to go to Central Park to see them. You may not find any blooming flowers in Times Square, but in other parts of town urban landscaping is plentiful and quite effective. It provides excellent curb appeal—a concept that takes on a…
Read MoreINSIDE THE DEAL: Apartment Property in Downtown Indianapolis Sells at 7.7% Cap
By Keat Foong, Executive EditorIndianapolis—The owner of a 98-year-old building in downtown Indianapolis put his property on sale in late-2006. It did not sell in 2006 or in 2007, when the market was still strong, or in 2008. It finally sold this year—in the midst of the credit crunch. How did that happen? The owner,…
Read MoreTODAY’S DEALS: Meridian Capital Arranges $27M in Permanent Financing for 11-Property Portfolio, and Other Transactions
By Anuradha Kher, Online News EditorLos Angeles–Meridian Capital Group recently arranged permanent financing for a substantial undisclosed regional sponsor in excess of $27 million for an 11-property multifamily portfolio (pictured top) located throughout Southern California encompassing 395 units. Meridian’s Los Angeles office negotiated the non-recourse, 5.60 percent fixed interest rate for 10 years. The most…
Read MoreAIA Top Ten Green Project Achieves Many Firsts in the Sustainable World
By Erika Schnitzer, Associate EditorSan Jose, Calif.—Gish Apartments, a 35-unit transit-oriented, mixed-use affordable housing community, was named as one of the American Institute of Architects Committee on the Environment (AIA-COTE)’s Top Ten Green Projects of 2009.Gish Apartments is the only affordable housing development in the nation to receive both LEED (Leadership in Energy and Environmental…
Read MoreEditor’s Note. Curb Appeal: Working Smarter Not Harder
By Diana Mosher, Editor-in-ChiefIn New York City the daffodils are in full bloom and you don’t have to go to Central Park to see them. You may not find any blooming flowers in Times Square, but in other parts of town urban landscaping is plentiful and quite effective. It provides excellent curb appeal—a concept that…
Read MoreMBA Study Names PNC Real Estate Top Multifamily Lender in 2008
By Anuradha Kher, Online News EditorWashington, D.C.–PNC Real Estate was the top multifamily originator in 2008, followed by Wachovia, Capmark Financial Group, Wells Fargo and Deutsche Bank Commercial Real Estate. PNC made $8,130 million in loans while Wachovia made $6,882 million and Capmark Financial Group Inc. made $6,547 597, according to the Mortgage Bankers Association’s…
Read MoreP&F Acquires 1,500 Distressed Multifamily Units, Continues to Deliver New Product
By Anuradha Kher, Online News EditorHillside, N.J.–Despite the current economic climate and challenges faced by the residential real estate market, P&F Management Co. LLC, is continuing to provide solutions for a variety of underutilized real estate assets and portfolios, as well as real estate-backed securities. Currently, P&F Management has more than 750 units in the planning…
Read MoreDownload ENTRY FORM: 2009 Green Initiative Awards
Make sure your green program/green product or service receives all the attention it deserves. Enter MHN’s Green Initiative Awards Competition. Winners will be published in the November 2009 issue of Multi-Housing News Magazine. Deadline for entries is August 1.THE 2009 ENTRY FORM AND COMPETITION GUIDELINES (writeable pdf format/can not be saved on all computers).THE 2009…
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