Norman A. Eastwood Promoted to SVP of Investments at Marcus & Millichap
Dallas–The board of directors of Marcus & Millichap Real Estate Investment Services has promoted Norman A. Eastwood to the position of senior vice president investments. This is one of the highest levels of recognition the firm awards to its investment specialists. The designation represents excellence in the development and servicing of long-term client relationships, according to Tim A. Speck, regional manager of the firm’s Dallas office. Most recently, Eastwood held the position of first vice president investments. Eastwood began his career with Marcus & Millichap 23 years ago, specializing in the sale of multifamily investment properties.
Student Housing Competes Using Green Features
Harrisonburg, Va.–How much does a feature such as sustainability matter to a student apartment property’s prospects of leasing success?
Freddie Mac Names Jerry Weiss EVP, Chief Administrative Officer
McLean, Va.–Freddie Mac named Jerry Weiss to the newly created position of chief administrative officer (CAO). Weiss will continue to serve as the company’s chief compliance officer and oversee the Compliance, Economics and Strategy, Regulatory Affairs and Mission divisions. As CAO, he will also manage two additional functions – External Relations and Human Resources. Weiss will continue to report directly to CEO Charles E. “Ed” Haldeman, Jr., as a member of Freddie Mac’s management committee. “Creating a CAO position aligns functions that position Freddie Mac as an effective means of support for our housing mission and responsible stewards of taxpayer…
ON LOCATION: Level on 16th, Phoenix
Photography and text by Daniel Adler, Contributing Editor
Testing Ground for Innovation
Affordable housing uses deep rehabs, rental assistance and tax credits to help close transactions
Mixed-Use Crown Square Project in St. Louis Completed
St. Louis–Crown Square, a $35 million restoration of 27 buildings in what used to be the 14th St. pedestrian mall near the historic Crown Candy Kitchen in St. Louis, has been completed.
Fannie Mae Multifamily Investment Drops During First Half 2010
Washington, D.C.–During the first half of 2010, Fannie Mae, through its lenders and various other partners, provided $5.9 billion in investment to the multifamily rental housing market.
Finishing Touches Seal the Deal
A nuanced understanding of a property’s target audience also characterizes effective use of amenities.
House Financial Services Committee Takes Key Step Toward Enacting Choice Neighborhoods Initiative
Washington, D.C.–The House Financial Services Committee took a key step toward the enactment of an Obama Administration priority, the Choice Neighborhoods Initiative. This proposal is designed to transform distressed neighborhoods and public and assisted housing developments into viable and sustainable mixed-income neighborhoods by linking housing improvements with appropriate services, schools, public assets and access to jobs. The initiative was passed on a 42 – 27 voted by the committee as part of a larger public housing measure (H.R. 5814) that also included proposals aimed at clarifying federal rules for replacement of demolished housing units, and providing new methods for financing…