News
TODAY’S DEALS: Portland Micro Unit Asset Lands Mezz Loan
Pembrook Capital Management closes a $6.3 million mezzanine loan; HFF secures $41 million for apartments adjacent to Disney World; and The RADCO Companies acquires an apartment community for $31.2 million.
Honored as a Top Woman in Business: Q&A with Gwyneth Coté, Bell Partners
Bell Partners announced last week that the company’s Chief Operating Officer Gwyneth Coté was named one of the “2015 Women in Business” honorees by the Triad Business Journal. MHN spoke with Coté to learn about her journey through her career and today’s hot trends in the multifamily industry.
Community Wins Award for Use of Modular Construction
Guerdon Modular Buildings has won best-in-show in the Modular Building Institute’s 2015 Awards of Distinction for its Domain Apartments, a five-story, 444-unit luxury townhouse-style community in north San Jose, Calif.
AIM Conference Special Report: Smart Tech Has Arrived
You may not yet use a self-flown drone to showcase the latest drought-tolerant landscaping installed at your apartment community, or add a Nest thermostat to a renter’s monthly invoice as an ancillary service. But according to the future-focused multifamily industry experts at the annual Apartment Internet Marketing conference, the day when you will is just around the corner.
Economy Watch: CRE Benefits from Easier Money
Among all the other metrics the Federal Reserve tracks, each quarter it publishes the “Senior Loan Officer Opinion Survey on Bank Lending Practices.” In the case of the April 2015 survey for Q1, the central bank summarized responses from 76 domestic banks and 23 U.S. branches and agencies of foreign banks.
Successful Structures
CBRE’s Trehubenko favors transparency, patience and clarity when structuring complex affordable housing financing.
Dewberry Capital Starts Work on Charleston-Area Apartments
Work has strarted on Oyster Park Apartments, a $28.5 million residential development in Mt. Pleasant, S.C., in metro Charleston.
Paying it Forward
The social responsibility craze shows no signs of slowing down; multifamily knows a thing or two about good deeds
TODAY’S DEALS: Ullico Loan Kicks Off Philly Mixed-Use Development
National Real Estate Development has landed a $141 million construction loan; CIT provides $57.5 million for a Brooklyn waterfront acquisition; and Eagle Group Finance supplies $3.1 million for an assisted living facility.