Business Specialties
Oklahoma City Apartment Property Seeks Buyer
Recently ARA was tasked to take the 708-unit Lincoln at Central Park apartment property in Oklahoma City to the investment market to look for a buyer, and has ‘found interest from most every investor type.’
David Brickman Takes Over as Head of Multifamily at Freddie Mac
David Brickman was named senior vice president, multifamily, at Freddie Mac in June, succeeding Michael May.
Editor’s Note: The Industry Steps Out to Celebrate the MHN Award Winners
Editor-in-Chief Diana Mosher discusses the winners of the 2011 MHN Excellence Awards.
InSinkErator Makes Environmental Impact at Midwest’s Near-Zero Waste Music Festival
InSinkErator, a manufacturer of food waste disposers, enabled more than 7,000 attendees at Milwaukee’s Rock the Green festival Sept. 18 to “give back” by sending approximately 1,200 pounds of food scraps to the local wastewater treatment plant to be converted to renewable energy and fertilizer.
MHN Interview: Bud Malone, CEO of Mortgages USA
MHN interviews Bud Malone, CEO of Mortgages USA, who describes the current outlook for multifamily and explains why he considers rentals ‘a great wake up from the American Dream.’
Profile: Transwestern
The Sunbelt may still be hot. Steve Pumper, executive managing director, Investment and Asset Services Group, Transwestern, believes there is still a lot of growth potential left in the warm southern states.
New Luxury Minneapolis Apartment Lures Young Professionals
The Nicollet Building, a 33-story high-rise in Minneapolis, will offer amenities aimed at pleasing young professionals.
Florida-Based Bainbridge Expands Into Triangle Apartment Market
Wellington, Fla.-based Bainbridge Cos. has opened a new office in Cary, N.C., with a goal of expanding its operations in the Triangle apartment market (Raleigh, Durham, Chapel Hill and environs, also known as the Research Triangle).
Portland Pair Taps Thriving Employment Centers
Two new Portland-area apartment communities that broke ground last week are strategically sited to leverage burgeoning employment centers and heavily-used transportation hubs.
TODAY’S DEALS: MG Properties Group Acquires $23.3M Seattle Community
MG Properties Group acquires a 146-unit community in Seattle; Johnson Capital arranges $13 million for two properties in Orange County, Calif.; and CBRE arranges the $54.5 million sale and acquisition financing of a large multifamily property in Minnesota.