Business Specialties
Berkeley Point Executes $325M in Refinancing for The Gateway in San Francisco
Berkeley Point Capital, along with Freddie Mac, recently closed on the largest single-asset loan in its company history. The 10-year, $325 million refinance loan for The Gateway, a 7.74 acre San Francisco property, was locked-in at a fixed rate of 3.38 percent and is a full-term, interest-only loan.
MHN Interview: Jill Pilaroscia on the Art and Science of Multifamily Color Choices
Colour Studio offers full service color consulting for exterior and interior color selection. An ‘art and science’ approach takes into consideration the architecture, site, geographic location and the demographic profile of the users.
Micro Units: Living Large in Small Spaces
An acute lack of inventory and soaring rents are providing New York City developers with an opportunity to turn the concept of living in small apartments into an art form. One such developer organization, LifeEdited, was launched in 2009 by Graham Hill, a trained architect turned entrepreneur who believes in simplifying life and living large in tiny spaces. LifeEdited began as a “crowd-sourced” micro design competition that invited proposals for a 420-square-foot SoHo apartment owned by Hill.
Liability Rolls Downhill: How Flow Down Clauses Can Harm You
Since the construction of multifamily projects typically involves several parties, it is crucial to craft your contracts with the utmost care. Failure to do so could greatly increase your risk of contractual liability to third parties, particularly when those provisions known as flow down clauses are involved.
TODAY’S DEALS: HFF Arranges $22.5M Permanent Loan from Life Insurance Company
HFF arranges $22.5 million in financing from a life insurance company; Parse Capital closes a $8.9 million mezzanine loan for a Los Angeles development; and Berzack Investment Property Advisors brokers a 40-unit sale in Santa Clarita, Calif.
MHN Interview: Freddie Mac Multifamily’s Plan to Increase Affordable Preservation
Shaun Smith was recently hired as the senior director for the Targeted Affordable Housing Retail Production division for Freddie Mac Multifamily. MHN talks to Smith about her plans to increase the focus on affordable preservation and why preservation transactions have been so successful.
Relevance New York Adds Two NYC Buildings
Relevance New York, a brand-building company, is now representing Walker Tower in Chelsea, and 435 West 50th Street in Hell’s Kitchen.
Wilson, Blanchard Management Inc. Improves Operational Efficiency with Yardi Voyager Condo
Yardi announced today that full-service property management company Wilson, Blanchard Management Inc. has improved process automation, data protection and reporting capabilities since adopting Yardi Voyager® Condo.
Why You Shouldn’t Market to ‘Active Adults’
The term could violate fair housing requirements.
Editor’s Note: Come to Our Party at 75 Wall Street
On Friday Sept. 20 we announce the 2013 Excellence Award winners