Archive for February 2010
Forest City, Bernstein Management Strike JV for D.C. Apts.
Forest City Enterprises Inc. has formed a joint venture with Bernstein Management Corp.
Read MoreResolve Debt Provides Visibility, Control to RE Investment Managers, Lenders
Resolve Debt, a new software solution that helps investment managers and lenders streamline the management of real estate debt, has recently been released by Resolve Technology.
Read MoreDespite Challenges Posed by Economy, NYC Will Carry Out Plan to Build and Preserve 165,000 Affordable Housing Units by 2014
Mayor of New York, Michael Bloomberg, today reiterated his commitment to make the New Housing Marketplace Plan successful even in a weakened economy. The plan is to build and preserve165,000 units of housing–enough for half a million New Yorkers – by the year 2014.
Read MoreDEAL OF THE DAY: CBRE Brokers Class AA Apts. Sale Transaction Between PREI and CBRE Investors
CB Richard Ellis arranged the sale of Mass Court, a 371-unit Class AA luxury rental apartment property at 300 Massachusetts Avenue, NW, in Washington, D.C.’s East End.
Read MoreNY Rent-Freeze Bill Draws Fire
It didn’t take long for the bill (S. 6811) introduced last week by New York State Senate Majority Leader Pedro Espada Jr. to attract detractors, most visibly a young woman holding a sign next to Sen. Espada at his press conference announcing the bill.
Read MoreReal Estate Transaction Flow to Increase, Advisory Group Predicts
The velocity of real estate transactions should improve this year, with property pricing to stabilize as liquidity returns to the marketplace, with REITs playing a leading role in the revival, according to FTI Schonbraun McCann Group, the real estate advisory practice of FTI Consulting, Inc.
Read MoreInsurance Companies Could Stand in for Commercial Banks As Financing Source in 2010
After a less than pleasant 2009, multifamily owners, developers and managers entered 2010 with grave reservations. While the free fall of the economy has ended, millions of people are left jobless and this will continue to have an impact on the multifamily sector, which depends heavily on household creation. So while most industry leaders are very optimistic about 2011 and 2012, they are sensing some hurdles in 2010. The good news is that opportunities are also being created.
Read MoreCondo Capital Solutions Purchases Condo Block, Set for More Fla. Purchases
Condo Capital Solutions has purchased the 53 remaining units at Bel Mare Condominiums at Riviera Dunes for an undisclosed price.
Read MoreSurvey Finds Builders Still Doubtful about Economy’s Strength
A survey of builders and developers located in the Tri-State and Mid-Atlantic regions, as well as Pennsylvania and Florida, found that a majority is still not seeing an improvement in economic conditions.
Read MoreSeniors Thinking About Seniors Housing Again?
Independent living seniors housing properties saw a mild uptick in occupancies between 2Q09 and 3Q09, from an average of 88.4 percent to 88.5 percent, according to the National Investment Center for the Seniors Housing & Care Industry.
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