News
LeFrak, Kennedy Wilson Seeking Approval for Planned Hollywood Development
Developers LeFrak and Kennedy Wilson have announced plans for a 410-unit mixed-use high-rise development at the corner of Hollywood Boulevard and La Brea Avenue in Los Angeles.
TODAY’S DEALS: Bruckal Buys 436 Units in Phoenix
Colliers brokers the sale of a Class B asset in Phoenix; Berkshire Group acquires a Class A apartment community near Boston; and Berkadia secures $20.3 million for a property in Austin.
Grace Hill Announces Relationship with Investment Partner, The Riverside Company
Grace Hill Inc., a provider of online education and learning management solutions for the multifamily housing industry, has announced its relationship with investment partner, The Riverside Company, as the firm prepares to accelerate growth and introduce new training products and education services for multifamily housing professionals.
Construction Underway on McKinley’s Glencoe Oaks near Ann Arbor
Construction is underway on Glencoe Oaks, a luxury apartment community being developed by McKinley in Pittsfield Township, Mich., which feeds into the Ann Arbor school system.
Economy Watch: Yellen Worried About Employment, Non-Committal on Rates
The Federal Reserve has long been adept at maintaining a poker face, and Chair Janet Yellen seems to be carrying on the practice.
Meet the 2014 MHN Excellence Awards Finalists!
The MHN Excellence Awards recognize the multifamily industry’s most noteworthy people, companies and properties. We thank all the entrants; competition was fierce once again this year. We’re pleased to announce the finalists: Affirmed Housing Group ARA Houston Architects Orange Artspace AvalonBay Communities, Inc. BAR Architects Beal Derkenne Construction BKV Group Blanton Turner The Bozzuto Group Carrier Johnson + CULTURE Core Campus Daniels Real Estate DMH Fund The DSF Group Essex/Monarch Group Faulkner Design Group Fore Property Company Gables Residential Haley Real Estate Group Holland Partner Group Housing Authority of Columbus HPA Architects Jamboree Housing Corporation JHP Architecture/Urban Design The John Stewart Company…
TODAY’S DEALS: Heitman Affiliate Buys a Class A Asset in Oregon
HFF closes a sale and $40 million loan for a Heitman affiliate in Oregon; UC Funds structures a $7.4 million bridge loan for an apartment community in Corpus Christi; and HFF secures $9.85 million for apartment building in downtown Indianapolis.
Crescent Communities Unveils New Luxury Development in Nashville
Crescent Communities has announced the opening of its newest Nashville community, Crescent Cool Springs.
U.S. Mortgage Delinquencies Dropped, According to TransUnion
In its latest mortgage report, financial data specialist TransUnion says that U.S. mortgage delinquencies have dropped for the 10th consecutive quarter to 3.46 percent at the end of the second quarter of 2014. In the third quarter of 2013, the delinquency rate was 4.32 percent.
IREM Names “Student of Year” Scholarship Winner
The recipient of this year’s “Student of the Year” scholarship awarded by IREM and the IREM Foundation was been announced. She is Dan Nguyen, a senior honors student at Virginia Tech in Blacksburg, Va.