Archive for February 2011
Pension Fund Manager to Help Create 635 Union Jobs Via $50M Investment
Minneapolis–The AFL-CIO Housing Investment Trust continues to aid the creation of construction jobs and support affordable housing with a recent $50 million investment in a Minneapolis multifamily rehabilitation project.
Read More‘The Accidental Economist’ with Jack Kern: Consumer Confidence Tracks Renter Outlook
There are a number of consumer confidence surveys out there and with each passing week it seems yet another publisher is trying to index one thing or another.
Read MoreEducation Realty Trust and Edwards Cos. to Build Student Housing
Tuscaloosa, Ala.–Education Realty Trust Inc. and the Edwards Cos. have inked a deal to develop and manage new student housing at the University of Alabama in Tuscaloosa, Ala.
Read MoreTODAY’S DEALS: Construction Begins on Inland’s Orlando Student Housing Project
Construction begins on Inland’s Fla. student housing; Marcus & Millichap’s Mark Myers brokers $87 million in seniors housing investment sales; and Cushman & Wakefield sells a Florida condo community for $5.2 million.
Read MoreCPC Launches ‘Energy Benchmark Plus’
New York–The Community Preservation Corporation (CPC) recently launched its CPC Energy Benchmark Plus, a program to collect energy data from multifamily property owners and to help owners reduce operating costs.
Read MoreReinlein Appointed as Berkadia’s Head of Mortgage Production
Horsham, Pa.–Berkadia Commercial Mortgage LLC has announced the appointment of Karl Reinlein to EVP – Head of Production, effective immediately. In his new role, Reinlein will oversee Berkadia’s entire originations network. Reinlein was formerly in charge of Berkadia’s HUD lending network, which has been ranked as the number-one originator of the multifamily HUD/FHA loans nationwide…
Read MoreEconomy Watch: 4Q GDP Estimate Pared Down
U.S. GDP wasn’t quite as robust in the fourth quarter of 2010 as the U.S. Department of Commerce had previously estimated. On Friday, growth was recalibrated by the Bureau of Economic Analysis to an annualized rate of 2.8 percent, down from an earlier estimate of 3.2 percent.
Read More‘The Accidental Economist’ with Jack Kern: Consumer Confidence Tracks Renter Outlook
There are a number of consumer confidence surveys out there and with each passing week it seems yet another publisher is trying to index one thing or another. I have long since suspected that these surveys aren’t all that reliable as economic indicators, but they have been useful in one respect.
Read MoreJones Lang LaSalle Reports from MBA: Rent Rollover Drives Interest from Lenders
San Diego–Jones Lang LaSalle Inc. offers exclusive insights from the Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2011, held in San Diego on Feb 6-9. In this first of a three-part series, Denny St. Romaine, managing director of Real Estate Investment Banking at JLL, talks about how the multifamily sector is attracting lenders today.
Read MoreHousing Affordability Still a Problem, Despite Price Drops
Housing has gotten increasingly difficult to afford in recent years, according to a report by the Center for Housing Policy, and cutting federal support would only exacerbate the problem.
Read More