Business Specialties
TODAY’S DEALS: Venterra Realty Lands Financing for Houston-Area Buy
HFF arranges financing for an acquisition in Texas; Urban Land Conservancy buys land for an affordable TOD in Denver; and NorthMarq Capital arranges a $10.5 million cash-out refinance.
Otis Launches Sustainable Residential Elevator
Apartment builders have a new sustainable instrument in their development toolbox thanks to Gen2 Swtich, a new residential elevator by Otis.
Groveton Green Maryland’s First Gold Certified LEED for Homes
Groveton Green Apartments, a 226-unit luxury apartment community in Owings Mills, Md., has been awarded LEED Gold certification from the U.S. Green Building Council.
TODAY’S DEALS: SARES•REGIS Launches Value-Add Fund
SARES•REGIS Group launches a fund targeting western markets; Landmark Apartment trust announces plans to buy management operations of Elco Landmark Residential Housing; and Lee & Associates’ Berzack Group sells a 52-unit asset in Van Nuys, Calif.
Commercial Mortgages Returned 4.7 Percent for Life Companies and Pension Funds in 2012
Life companies and pension funds increased their market share of commercial property financing last year despite ongoing industry deleveraging, and the mortgage loans yielded a total return of 4.7 percent for the institutions in 2012.
SPECIAL REPORT: Knakal Says New York City Sales Market is ‘Phenomenal,’ Land Prices ‘On Fire’
Robert Knakal, chairman of Massey Knakal Realty Services, said the New York City commercial property investment sales market is currently red hot, but warned that sustained periods of low interest rates lead to real estate bubbles.
How to Keep Vacancy Costs to a Minimum During Downtime
Using extra time, money and resources to complete the dreaded move-out process can be detrimental to an apartment manager’s finances if not handled correctly.
MHN Interview: The State of the Housing Industry
Peter Muoio, head of research at Auction.com, talks to MHN about housing demand and his predictions for multifamily.
Carroll Organization Enhances Property Management Platform with New Hires, Structural Improvements; Plans Geographic Expansion
Carroll Organization, a privately-held real estate company focused on multifamily investment, management, and development, has embarked on a new initiative aimed at enhancing its property management services, which are currently provided both to third parties and to Carroll Organization’s 10,000-unit portfolio of owned properties.