TODAY’S DEALS: TIAA-CREF Buys Into Manhattan’s Tallest Rental
TIAA-CREF becomes the 49 percent owner of 8 Spruce Street; The Dermot Co. and AFL-CIO break ground on Manhattan’s Upper West Side; and Johnson Capital arranges a FHA 223(f) refinance loan at interest in the 2 percent range.
N.J. Statute Grants Tax Relief to Multifamily Owners Due to Extensive Structural Damage Caused by Hurricane Sandy
Since all real estate properties are assessed based on their value as of October 1 of the pre-tax year, and Hurricane Sandy struck on October 29, owners may be eligible for a tax adjustment if a property sustained major damage and depreciation.
Multifamily Property Managers Improve Lead Management and Leasing with Yardi PopCard
Yardi announced that multifamily property management clients using Yardi PopCard™ are reporting improved results in capturing leads and converting them into leases.
MBA Publishes White Paper on the Future of Multi-Housing Finance and the Government-Sponsored Enterprises
The Mortgage Bankers Association (MBA) released a white paper that underscores the importance of multifamily rental housing and examines the role of the Government Sponsored Enterprises in multifamily housing finance going forward.
Commercial and Multifamily Mortgage Debt Outstanding Increases for Fourth Straight Quarter
The level of commercial/multifamily mortgage debt outstanding increased by $6.6 billion, or 0.3 percent, in the third quarter of 2012, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association.
Improving Consumer Attitudes Suggest Continued Strength in Housing Market
Despite continued uncertainty surrounding the fiscal cliff, Americans are showing increased confidence in the housing market and the direction of the economy.
Shimon Shkury Addresses Israel-America Chamber of Commerce in Tel Aviv
Shimon Shkuryy, president of Ariel Property Advisors, addressed about 200 attendees at the Israel-America Chamber of Commerce’s Third Annual Real Estate Seminar in Tel Aviv.
Ariel Property Advisors and Brooklyn Chamber Raise $12,000 for Hurricane Relief
Ariel Property Advisors and the Brooklyn Chamber of Commerce raised $12,000 for the Brooklyn Community Foundation’s Brooklyn Recovery Fund during the RED (Real Estate Development) Nite for Hurricane Relief held November 8, 2012, in Prospect Heights, Brooklyn.
Crossville Unveils New Thin-Panel Porcelain Surface
Laminam by Crossville has released a new metallic-look porcelain panel product ideal for skinning walls, doors, countertops and custom appliances.