News
High-Tech Luxury Living Launches in the Heart of Philadelphia
The new heart of Center City living is officially open for leasing.
AIM Conference Special Report: Puppy-Powered Lease Up
In a competitive Washington, D.C., multifamily market, WC Smith released a secret weapon to lease up its 2M property in NoMa: an adorable, social media-savvy English bulldog puppy.
Student Apartments in Historic Chicago Structure Trades Hands
JMG Realty Inc. and Empire Square Group have acquired the 482-bed Automatic Loft Apartments in Chicago, a student housing property in the West Loop neighborhood just west of downtown.
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.