MHN TV: Design Trends to Watch
Sanford Steinberg, owner of Steinberg Design Collaborative, talks to MHN about new trends in design that have emerged with the recession, such as smaller unit plans and larger amenity packages.
TODAY’S DEALS: Praedium Group, CAPREIT Acquire Minnesota Community
Praedium-CAPREIT joint venture acquires a Minnesota community for $19 million; Marcus & Millichap Capital Corporation arranges $5.3 million in financing for a Seattle property; and George Smith Partners completes financings for distressed, acquisition and refi transactions.
MHN TV: Lending Lessons and Trends
Daniel Hilpert, managing director at Mortgage Equicap LLC, speaks on lending lessons learned during the course of the economic downturn, as well as the uptick in construction lending for certain multifamily sectors.
MHN TV: Donald Davidoff Talks Amenity Pricing
Donald Davidoff, senior vice president of strategic systems at Archstone, speaks with MHN on trends in amenity pricing. Price too high and potential residents could be discouraged from inking a lease. Price too low and you are shaving dollars off the bottom line.
TODAY’S DEALS: Colonial Properties to Sell $338M Apartment Portfolio
Colonial Properties enters a preliminary agreement to sell an 18-property portfolio; Krupp & Company sells a 144-unit Bay Area community for $25.2 million; and Cignature Realty Associates closes the sale of a 55-unit walk-up in Manhattan.
CARES: Creating Community in an Apartment near You
Resident retention plays a large role in maintaining a healthy bottom line. But competitive rents and updated amenities can only go so far. Sometimes a sense of camaraderie is the best way to keep your residents around. Since 2000, non-profit CARES by Apartment Life has helped apartment owners create communities that attract and retain residents.
An Office Only When You Need It
The William Beaver House in Manhattan’s Financial District has solved the home office problem with the “Murphy Office.” The desk station hidden behind a sliding door borrows its name from the fold-away beds popularized as a source of comic relief in cinema.
E-Mon Debuts Remote Energy Monitoring for Multi-Building Facilities
E-Mon has unveiled a new web-based energy-monitoring platform that provides both real-time and historical data in any web browser, allowing property managers to view live energy use without having to install additional software.
TODAY’S DEALS: Jones Lang LaSalle Closes $190.1M Sale of Metro Baltimore Multifamily Portfolio
Jones Lang LaSalle brokers a $190 million six-property portfolio sale by SRH/CMS Berkshire LP to the Harbor Group International; Canyon-Johnson Urban Funds acquires a 125-unit community in Dallas’ Oak Lawn neighborhood; and GFI sells a 22-unit garden-style property in Queens, N.Y.
TODAY’S DEALS: Dezer Pays Off $265M Mortgage on Miami Beach Trump Towers
Dezer pays off a $265 million mortgage on two of the Trump Towers in Miami Beach, Fla.; Arbor closes six Fannie Mae deals totaling $23.6 million; and Walker & Dunlop closes a $4.2 million acquisition loan secured by a 50-unit property in Minnesota.