Business Specialties
Plans Revealed for First Phase of Residential Village at Sanctuary Belize
Stann Creek District, Belize– EcoFuture has revealed the $25 million Phase I Master Plan for the Marina Village, the focal point of Sanctuary Belize.
Aftermath of the ‘Busted’ Condo Boom
Rental developers are learning that they can no longer find quality condos at discount prices.
GSE Lending Expectations for 2011
While debate continues about the GSEs, 2011 is expected to be an even stronger year for Fannie Mae and Freddie Mac multifamily financing.
ICP Financial Goes Hunting for Distressed Properties
Boulder, Colo.–Investment specialist ICP Financial has inked a $4.8 billion deal with an unnamed but large European bank to buy distressed properties and mortgage portfolios directly from American banks.
SureDeposit Promotes Meade to Regional Marketing Director
Livingston, N.J.–SureDeposit, provider of security deposit alternatives to the multifamily industry, has promoted Marisa Meade to regional marketing director.
Economy Watch: Employment Still on the Rise?
ADP reports an increase in private-sector employment; Moody’s expects improvement for CMBS in 2011; and construction is at a decade-long low.
Prism Capital Gets Green Light for Adaptive Reuse Project
Bloomfield, N.J.–The site plan has been approved for the first phase of Prism Capital Partners’ multifamily adaptive reuse project that will occupy more than 20 acres in Bloomfield.
Managing Fractured Condos
With the financial meltdown of 2008 came a plethora of condo-conversion failures and stalled sales, which forced developers, mezzanine lenders, banks, receivers and other parties to devise alternative methods to financially stabilize their assets.
Q&A with Mortgage Equicap’s Daniel Hilpert
Daniel Hilpert, managing director of Mortgage Equicap, talks to MHN about changes to the mortgage industry.
PlanetRE Launches Mobile Platform for Paperless Transactions
San Jose, Calif.—Technology provider planetRE has launched Mobile Agent, a comprehensive transaction and communications management platform for agents.