Business Specialties
U.S. Mortgage Delinquencies Dropped, According to TransUnion
In its latest mortgage report, financial data specialist TransUnion says that U.S. mortgage delinquencies have dropped for the 10th consecutive quarter to 3.46 percent at the end of the second quarter of 2014. In the third quarter of 2013, the delinquency rate was 4.32 percent.
Brookline Investment Group Acquires 236-Unit Multifamily Community in Durham for $23.6M; Investcorp Pays $84M for RTP’s Meridian Business Campus
Brookline Investment Group of Aliso Viejo, California is now the new owner of the newly renovated Yorktown Club apartment community in Durham.
Building in Boston: Development Trends that Matter to Related Beal
Related Beal, a development company based in Boston and part of The Related Company, recently announced that Kim Sherman Stamler has been promoted to chief operating officer. MHN talks to Sherman Stamler about development trends in Boston and what they mean for Related Beal.
Borrowers Could Face Difficulty Repaying Home Equity Loans
Now that borrowers have to start repaying home equity lines of credits, lenders are fearing a wave of defaults.
APARTMENT MARKET STATISTICS: August 2014
The three-month moving average of multifamily housing starts now exceeds the average recorded between 2000 and 2007, according to the National Association of Home Builders.
Guest Blog: Green Amenities for Multi-Housing: Plug-in Electric Vehicle Chargers
Chances are you’ve seen a plug-in electric vehicle (PEV) on the road, parked at the mall, or even driving in your neighborhood. These days, it’s not uncommon. There are more than 234,000 PEVs in the nation and many vehicle models from which people can choose.
TODAY’S DEALS: Cushman & Wakefield Arranges $82.4M in Portfolio Acquisition Capital for LCB Senior Living
Cushman & Wakefield arranged $82.4 million of acquisition financing; RADCO buys 553 units in metro Atlanta; and Greeysteel arranges an apartment transaction in Silver Spring, Md.
How Investors Should Vet Crowdfunding Deals Online
The growing number and variety of crowdfunding portals make it important to be able to distinguish among different sites.
Ryan Companies Breaks Ground on $31.7M Seniors Living Community
The Great Lakes Region of Ryan Companies US Inc. broke ground on its newest age-restricted senior living community in Mokena, Ill.
Bozzuto Communities Named Best Apartments in NY and Arlington, Va., says J Turner Research
Bozzuto Management Company, a Greenbelt, Md.-based residential property management company active throughout the East Coast, announced that Bozzuto communities were named as the “Best Property” in two of the largest and most competitive markets in the country – New York and Arlington, Va.