Add Multi-Housing to Malfunctioning Suburbs
Incorporate multifamily housing into the fabric of malfunctioning suburbs–or the Boomers and Echo Boomers will move out.
‘Foong on Finance’ with Keat Foong: Republicans May Not be Able to Liquidate Fannie and Freddie
Will apartment property values be affected by uncertainty over the fate of Fannie and Freddie? Alabama’s Spencer Bachus, who is expected to be Barney Frank’s (D-Mass.) replacement as chairman of the House Financial Services Committee, said that the GSEs ought to be liquidated and privatized.
DEAL OF THE DAY: Passco Completes Multi-Million Acquisition Of Foreclosed Property in Prime Location
Mcdonough, Ga. –Passco Companies LLC completed the acquisition of Sundance Creek, an elegant, Class A, 232-unit townhouse apartment community in metropolitan Atlanta, says company President William H. Winn.
‘Foong on Finance’: Republicans May Not be Able to Liquidate Fannie and Freddie
Will apartment property values be affected by uncertainty over the fate of Fannie and Freddie? Hessam Nadji, managing director of research and advisory services at Marcus & Millichap Real Estate Investment Services, does not seem concerned, at this point at least. He tells MHN he does not think members of Congress can realistically propose to remove government support from the secondary mortgage market. “It will be a mistake,” he says. But Alabama’s Spencer Bachus, who is expected to be Barney Frank’s (D-Mass.) replacement as chairman of the House Financial Services Committee, said that the GSEs ought to be liquidated and…
DEAL OF THE DAY: Beech Street Capital Provides $44.3M Freddie Mac Loan
Langhorne, Pa.–Beech Street Capital LLC provided a $44.3 million Freddie Mac Program Plus loan for the refinance of Middletown Trace Apartments.
DEAL OF THE DAY: Arbor Closes $13,760,000 Fannie Mae DUS Loan
Robinson, Pa.–Arbor Commercial Funding LLC recently funded a $13,760,000 loan under the Fannie Mae DUS Loan product line for the 291-unit complex known as Westpointe Apartments in Robinson, Pa. The 10-year loan amortizes on a 30-year schedule.
MHN Interview with Galina Tachieva: Add Multi-Housing to Malfunctioning Suburbs
Incorporate multifamily housing into the fabric of malfunctioning suburbs–or the Boomers and Echo Boomers will move out, says Galina Tachieva, partner and director of town planning at Duany Plater-Zyberk & Company (DPZ). Tachieva decribes the ways in which the burden rests on multifamily developers to play a leading role this century in reclaiming the sprawl-marred suburbs.
DEAL OF THE DAY: ARA Negotiates $940,500 Short Sale
Wheat Ridge, Colo.–ARA brokered the sale of the Elliot Apartments in Wheat Ridge, Colo. The buyer, Jefferson County Housing Authority, purchased the property from Kendall Investment Co. for $940,500.
Use New Media With Old Marketing Techniques
Don’t discard tried-and-true marketing methods in today’s increasingly complex environment.
Is Multifamily Construction Financing Staging a Return?
To what degree is construction financing staging a return to the multifamily sector?