Business Specialties
TODAY’S DEALS: NorthMarq Negotiates $118M Refinancing for Transit-Oriented Apts. on Behalf of Prometheus
NorthMarq Capital’s San Francisco-based regional office announces the refinancing for of two adjacent downtown properties located in Mountain View, Calif.; and Bernard Financial originates a $5.2 million loan.
NJBA Names Verdana Howell Community of the Year
The New Jersey Builders Association has named Verdana Howell, a Howell Township, N.J.-based joint-venture partnership between Sterling Properties and AST Development, as its “Community of the Year” among rental communities in the Garden State.
TODAY’S DEALS: The Bassuk Organization Closes $73.5M for NYC’s Chelsea Tower
The Bassuk Organization closes $73.5 million with TIAA-CREF for a luxury apartment community in New York; ARA arranges a 352-unit sale in Washington; and HFF brokers a $5.65 million sale, and closes a three-year, interest-only, loan for the acquisition of an apartment community.
Perspective: Ancillary Income In the Year 2019
It’s easy to look back at the 1980s as the far distant past with its big hair, curious clothing choices and antiquated technologies. After all, think how far we’ve come since rotary phones, VCRs, camcorders and the Sony Walkman. Yet, when you look at the past, some things really haven’t changed at all. In effect, these root features make up the core functionality that created the rise of the Internet itself and the now ubiquitous smart phones which are enabled by it.
Raleigh, N.C., Tops the List for Highest Renter Customer Satisfaction, Study Says
Raleigh, N.C., was recently ranked No.1 for online renter satisfaction according to a study released by J Turner Research, a Houston-based company that exclusively specializes in market research for the multifamily industry.
‘What Renters Want’ with Jessica Fiur: The Futility of Marketing Apartments to Gen Y
Gen Y is getting older, and might want different amenities than they used to. So how should property managers market their apartments?
TODAY’S DEALS: Becker + Becker Lands $37.2M for Connecticut Office-to-Apartments Rehab
Becker + Becker lands office-to-apartment conversion financing; Madison Realty Capital buys a three-loan portfolio secured by Brooklyn properties; and NorthMarq Capital finalizes a $24.95 million interest-only refinance.
American Land Ventures Unveils Latest on Fort Lauderdale Development
American Land Ventures, along with joint venture partner MetLife Real Estate Investors, has introduced its newest development project, VU | New River, which is ahead of schedule with construction after topping off in March in Fort Lauderdale, Fla.
The FMIC: The Future of Fannie Mae and Freddie Mac
Some government officials believe Fannie Mae and Freddie Mac have outlived their usefulness, which has prompted one senator to introduce legislation that would essentially do away with them.
From the Editor: On the Cutting Edge of ‘Green’
Before the final decision is made. One amenity that’s sure to get their attention is the on-site vegetable garden. Whether it’s on the roof or at ground level, offering residents the opportunity to grow their own produce is not only the cutting edge thing to do—it also immediately raises your organization’s green profile.