Oakwood Gives Special Honor to Associates For Volunteer Work
Los Angeles—Oakwood is celebrating its 50th anniversary by honoring the spirit of volunteerism and selecting five honorees whose charities will receive a donation from the company. Oakwood Gives Back is an associate-nominated program where an outstanding Oakwood Associate is recognized for serving, caring and giving back to the community and the environment in which he or she lives. All nominations were reviewed by Oakwood’s Leadership Engagement Advisory Panel (LEAP) that selected honorees who make significant contributions of their time and energy to charitable organizations in their community. Top Oakwood Gives Back honorees include: -Megan Thomas, Dallas Regional Sales Rep, $1000…
Shop Around for Green Technology
The time has come to reconsider the value of your network when making purchasing decisions, especially in the new realm of green technology.
Marcus & Millichap Among Top 100 InformationWeek Companies
Encino, Calif. – Marcus & Millichap Real Estate Investment Services has ranked No. 62 in InformationWeek magazine’s annual survey of firms offering innovative technology programs. This is the fifth consecutive year that Marcus & Millichap has earned a spot in the InfoWeek 500 ranking, and the first time it has appeared in the top 100 for its technology programs. Marcus & Millichap also secured a spot as the highest-ranking real estate services firm in this year’s survey. InformationWeek recognized several new programs implemented by Marcus & Millichap, including a property search program that offers more than 3.3 million properties for…
Inovonics’ Mark Jarman Appointed to UMCA’s Board of Directors
Louisville, Colo. – Inovonics, a provider of high-performance wireless sensor networks for commercial and life safety applications, today announced that Mark Jarman, president, has been named to the Utility Management and Conservation Association’s (UMCA) board of directors. Jarman will leverage his industry experience to raise awareness for utility conservation and cost-management initiatives in the multifamily housing industry. The UMCA community serves the multifamily and commercial real estate industry specific to resource conservation, metering, and utility management. The UMCA community focuses specifically on submetering and allocation billing methods in an effort to promote conservation to help reduce costs through resident accountability.
DEAL OF THE DAY: Arbor Closes $1.93M Fannie Mae DUS MAH Loan
Arbor Commercial Funding LLC announced the recent funding of a $1,930,000 loan under the Fannie Mae DUS Multifamily Affordable Housing product line for the 64-unit Lake June Village Apartments in Dallas.
Riverstone Residential Group Assumes Management of Five Multifamily Properties
Dallas—Riverstone Residential Group has assumed management of five properties in Los Angeles, San Francisco, Seattle, and Portland. Riverstone’s new properties include Watermarke Tower, a 35-story, 214-unit, high-rise apartment residence in downtown Los Angeles; Gardens at Wilshire Center, a 159-unit, mixed-use apartment residence in the Wilshire Center/Koreatown area of Los Angeles; Argenta, a 20-story, 179-unit, high-rise apartment residence in downtown San Francisco; The Bravern, a 33-story, 232-unit, high-rise apartment residence in Bellevue, Wash.; The Ardea, a 323-unit, mid-rise apartment residence in the South Waterfront district of Portland, Ore. The communities will be managed by Riverstone’s Western Division, led by Mike Dow,…
DEAL OF THE DAY: CBRE Arranges Sale of 634-Unit Community in Md.
CB Richard Ellis recently arranged the sale of Sherwood Crossing, a 634-unit rental apartment community at 6731 Old Waterloo Road, in Elkridge, MD, 30 minutes from Washington, D.C. and 15 minutes from Baltimore.
Multifamily Continues to be a Bright Spot in Commercial Real Estate
Multifamily is the only sector of commercial real estate that can expect increased demand in the second half of 2010.
DEAL OF THE DAY: ARA Negotiates Sale of 17-Unit Student Housing Asset
Apartment Realty Advisors (ARA) has announced the sale of Rio Grande Square Apartments, a 17-unit community located in the heart of the University of Texas at Austin West Campus area.
David Borchardt Promoted to Tower Companies’ Chief Sustainability Officer
Rockville, Md.—The Tower Companies has promoted David Borchardt, P.E., LEED AP to Chief Sustainability Officer. Borchardt was hired in 2005 as Director of Sustainable Development, overseeing 1,400 apartments and 4.5 million square feet of office buildings, office parks, regional malls, residential communities, lifestyle centers, and hotels within the D.C. area. Most recently, Mr. Borchardt was invited, along with Jeffrey S. Abramso, to give a presentation at Harvard Business School, which has published a Case Study on the Tower Companies’ headquarters. He is an expert on environmental “green build” issues and is invited to speak at national meetings and forums. Accordingly,…