Archive for July 2010
Park Slope Condos Go For New LEED Midrise Certification
New York–After acquiring a teardown on Dean Street, Trident decided that its six-unit condo project would serve as a pilot for green design in future developments.
Read MoreMHN Interview with Laura Khouri: Maintaining Balance Between Rents and Occupancy Is Key Challenge with Property Management
Irvine, Calif.–Laura Khouri succeeds Thomas K. Shelton as president of Western National Property Management.
Read MoreZeta Communities Gets $5M Equity Infusion from Black Coral Capital
San Francisco–With the equity financing from Black Coral, Zeta will be to expand its product line.
Read MoreDEAL OF THE DAY: Alcole Capital Obtains $17.2M Loan from Global Lender
San Diego–Alcole Capital Group arranged $17.2 million for the refinance of a 262-unit multifamily property in San Diego.
Read MoreTwo Harlem Condo Projects Revived
New York–The Lore and the Gateway, two condominium projects in Manhattan’s Harlem neighborhood that had been stalled because of problems with their financing, have been restructured and recapitalized
Read MoreCampus Advantage Promotes Duckett to Chief Business Development Officer and EVP
Austin, Texas–Campus Advantage has promoted Scott Duckett to chief business development officer (CBDO) and executive vice president. As the CBDO, Duckett oversees the company’s business development, market strategy and investor services. Prior to his promotion, he was senior vice president of professional services. He joined the company in 2005 as the director of business development.…
Read MoreDistressed Properties Can be Profitable, But Pose Booby Traps for Unwary
New York–Distressed means being exceptionally careful about numbers associated with a property.
Read MoreHow Will Demographic Trends Affect Rental Demand?
Washington, D.C.–He emphasized that though population growth drives demand, it does not correlate well with supply.
Read MoreEngrain Materializes from Merger of Creativity for Rent and Multifamily Edge
Denver–National marketing and technology firm Creativity for Rent has acquired online marketing consultancy Multifamily Edge.
Read MoreDEAL OF THE DAY: Walker & Dunlop Closes $5.84M TIC Acquisition Loan
Walker & Dunlop provided a $5,840,000 acquisition loan for Mustang Creek Apartments located in Arlington, Texas.
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