Daily News

S.L. Nusbaum Buys Virginia Beach Multifamily Asset for $24.7M

A Virginia Beach apartment community changed hands this month in a $24.7 million transaction. Harbor Group International sold the Bancroft Hall Apartments to S.L. Nusbaum.

MHN TV: Mobile Ready Apartment Communities

Mike Whaling, Founder of 30 Lines, talks to MHN at the 2014 NAA Conference in Denver about getting ready for mobile marketing, pitfalls to avoid, and emerging technologies that apartment marketers should be watching.

MHN TV: Giving Stabilized Properties a Competitive Edge

Apartment All Star and professional speaker Kate Good—now a development partner with Hunington Residential in Houston—shares tips for stabilized apartment communities.

MHN TV: Inside the Millennial Mind

Virginia Love says Millennials are more ethnically diverse than other demographics and they tend to travel in groups. They also tend to be more transient than previous generations.

Ron Reed is Appointed NWP Services Corp. President and CEO

Costa Mesa, Calif.—NWP Services Corporation’s board of directors is pleased to announce the appointment of Ron Reed to the role of president and chief executive officer of NWP Services Corporation (NWP). In his new role, Reed will provide leadership to employees and overall management of the company as it continues its market leading growth in the multifamily industry. “Ron has achieved significant results since he was made president and chief operating officer in 2012,” says Jim Feuille, NWP’s chairman. “The board feels our situation is right to have Ron step into his next role as CEO and, following 11 years…

Green Cabinetry That Could Really ‘Transform’ a Space

If you’re going green, one of the easiest first steps is to source products that are locally produced. In the New York region, for high-end cabinetry, developers should look to Bazzeo by NYLOFT. The company, which is based in North Bergen, N.J., uses recycled wood and other eco-friendly materials for its cabinetry.

On Sept. 4, 6, 25 NYSERDA will Host Free Multifamily Energy Efficiency Seminars

To make it easier to undertake energy-efficiency projects in multifamily buildings, the New York State Energy Research and Development Authority (NYSERDA) is holding seminars on Sept. 4, 6 and 25 in Tarrytown (Westchester County), Manhattan and Buffalo, respectively.

Connecting with Lenders Online: Are You Making the Right Impression?

They are more willing to take a risk on those operators that have embraced technology. Is your team working smarter—not harder? The apartment owner with a robust platform has more time and money to spend on the asset.

Demographics Update: The Growing Majority-Minority Population

As the nation’s demographic landscape continues to transform, it is interesting to look at this national trend and see how it plays out on a more local level. America is geographically a large country. And to that extent, minority populations still remain fairly concentrated. For example, 27.3 percent of all minorities can be found in just 15 U.S. counties.

2013 Top Twelve Art Places: How the Arts are Impacting Neighborhood Revitalization

ArtPlace has released its list of America’s Top Twelve ArtPlaces which it has identified as the most vibrant and arts-centric communities in the U.S.—and the ones that multifamily developers and investors are keen on.