Web Feature: Best Ways to Close Leases
New York–A signed lease is a thing to be treasured. For property managers and owners, it is the fruit of a laborious and long development and marketing process.
Lenders Still Lending for Apartments, But at Much Lower Volume
Washington, D.C.–The Mortgage Bankers Association reports that aggregate lending for financing apartment properties nationwide shrank about 40 percent in 2009 compared with 2008.
Web Feature: Best Ways to Close Leases
New York–A signed lease is a thing to be treasured. For property managers and owners, it is the fruit of a laborious and long development and marketing process.
One Major Chicago Condo Project Thrives, Another Still a Hole in the Ground
Chicago–The residential real estate contraction and then the onset of the Great Recession created some fierce headwinds for condo developers.
Affordable Seniors Housing Breaks Ground in Silicon Valley
Morgan Hill, Calif.–Ground will be broken this week for Horizons at Morgan Hill, a 49-unit affordable seniors housing property in the city of Morgan Hill in Santa Clara County in northern California.
Wooldridge Joins The Bainbridge Cos.
Josh L. Wooldridge has joined the Bethesda office of The Bainbridge Cos. as regional development manager. He will oversee the acquisition of new multifamily real estate development opportunities throughout the Mid-Atlantic. He is also responsible for daily development operations and strategic directives in the area. Wooldridge was most recently with Trammell Crow Residential’s Mid-Atlantic division, where he helped develop a number of new luxury apartment communities in the Washington, D.C. metropolitan area. During his tenure, the division developed more than 5,000 luxury multifamily units in the region with a total combined capitalization of over $1 billion. He has also worked…
NHC Appoints Mary Hanlon to Lead Advocacy Efforts
Washington, D.C.–The National Housing Conference (NHC) has appointed Mary Hanlon to the newly created position of Vice President of Policy and Advocacy.
Podcast: Stafford Park
Stafford Park is a mixed-use brownfield redevelopment project located in Stafford Township, New Jersey. The project encompasses 370 acres. At full build-out the project will contain 677 residential units, and about 750,000 square feet of office and retail space.
Meet the 2010 Excellence Award Winners
The MHN Excellence Awards recognize the multifamily industry’s most noteworthy people, companies and properties.
Partnership Formed to Own 275 MF Properties
Gardena, Calif.–Real estate veteran Michael A. Costa, along with El Segundo, Calif.-based Highridge Partners and the financial giant Citibank, have formed a joint venture to own and manage a sizable portfolio of multifamily properites.