Business Specialties
Cristi Resciniti Promoted to CFO at Pennrose Management Co.
Cristi Resciniti, CPA, has been promoted to chief financial officer at Pennrose Management Co.
TODAY’S DEALS: Miami Waterfront Development Site Trades Hands
ARA brokers a multifamily development site in Miami Beach, Fla.; Berkadia arranges $86 million for 15 seniors housing communities in North Carolina; and an Israeli insurance company acquires its first multifamily property in the United States for $48 million.
Wood Partners Community in Hopkinton, Mass., Nearly Complete
Wood Partners has announced that construction is nearly completed at its $45 million development, Alta Legacy Farms, in Hopkinton, Mass. The 240-unit luxury community, located in the master-planned Legacy Farms project, opened for lease in July 2013 and is 43 percent leased.
‘What Renters Want’ with Jessica Fiur: Gwyneth Paltrow, Cupcakes and Property Management
Gwyneth Paltrow and cupcakes have both been in the news lately. Property managers could learn a lot from them.
Rockstreet Partners JV Acquires Student Housing Community in Bryan, Texas
Rockstreet Partners has announced that it has acquired College Edge Apartments in Bryan, Texas, after entering into a joint venture with ApexOne Investment Partners to own and operate the asset.
How Proposed Johnson/Crapo Legislation Could Affect Multifamily
MHN talks to Willy Walker, CEO of Walker & Dunlop, about this new proposed legislation and how the bill could affect multifamily if it passes.
Economy Watch: Serious Residential Delinquencies Still on Downward Path
Freddie Mac reported that its single-family serious delinquency rate dropped from 2.34 percent in January to 2.29 percent in February.
Construction Begins on The Picerne Group’s 198-Unit Multifamily Development in Cerritos, Calif.
The Picerne Group has announced that it has broken ground on its latest development, Aria. The Class A 198-unit residential community will be located at the cross streets of Bloomfield Avenue and Artesia Boulevard across the street from the Cerritos Towne Center.
Tavivian Sporn to Handle Exclusive Leasing at 15 West 55th, 70 West 45th
Assa Properties has selected the Tavivian Sporn Team at Douglas Elliman Real Estate to handle exclusive leasing for new inventory at 15 West 55th Street and 70 West 45th Street in Manhattan.
MHN Interview: Kelly Osburn, Market Leader of Multifamily at BSB Design
Kelly Osburn now directs all the business activities of the Multifamily Group within BSB Design for marketing, operations, financial performance and growth. His multifamily experience includes over 20 years of hands-on involvement with all levels of multifamily rental product, a detailed understanding of density and its impact on product design, rental community club facilities, government housing programs, and high density urban infill projects. Osburn’s extensive and varied experiences have provided him with strong knowledge in multifamily project development, site evaluation and the supervision and management of project management teams. Osburn spent more than 20 years at Humphreys and Partners Architects….