Business Specialties
JB Matteson Acquires Second North Bay Property
JB Matteson Inc. has acquired the 113-unit Rafael Town Center in San Rafael, Calif. The purchase marks the firm’s seventh acquisition in California and second in the North Bay.
TODAY’S DEALS: MHA Brokers $18.5M Sale in South Carolina
Multi Housing Advisors brokers the $18.5 million sale of Walden Oaks in Anderson, S.C.; and Walker & Dunlop provides $62.5 million for apartments in Southern California.
Benenson Capital, Rose Partners Team on Brooklyn Mixed-Use Project
Benenson Capital Partners has forged a joint venture partnership with Rose Associates to develop a mixed-use tower in downtown Brooklyn. The two family-owned firms have a solid track record together in New York City.
Embrey Developing MF in Colorado’s Ken Caryl Ranch
Embrey Partners is developing a luxury 250-unit, Class-A multifamily community in Colorado’s prestigious Ken Caryl Ranch neighborhood.
Stonemark Adds Another 1,600 RADCO-Owned Units to its Portfolio
Stonemark Management has expanded its management partnership with The RADCO Cos. in a big way.
Marketing: Analyze This!
Savvy multifamily firms monitor multiple metrics to track the impact of marketing. This year, centralized data collection, leading to more efficient reporting and better-than-ever analysis capabilities, is likely to be a definitive trend.
David Durning: Construction Financing from an Insurance Company
VIDEO: David Durning, president and CEO, Prudential Mortgage Capital Co., describes the insurance company’s commercial property construction loan program.
Ground Breaks on New Supportive Housing Community in Santa Monica
The Hollywood Community Housing Corporation (HCHC) and Step Up On Second broke ground today on a supportive housing community in Santa Monica, Calif.
MHN Interview: Alex Cohen of Liberty SBF
MHN catches up with Alexander Cohen, CEO of Liberty SBF. The Philadelphia-headquartered firm specializes in small-balance commercial lending products. Topics discussed include trends in the capital markets, the firm’s entry into apartment lending, and lending for pools of single-family rentals.
Ivanhoé Cambridge Invests in Quebec City Mixed-Use Development
Ivanhoé Cambridge has entered into a partnership to build Projet QB, a mixed-use complex that will feature more than 400 rental units and 200 condominiums in the Cité-Universitaire district of Quebec City.