News
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.
American Standard Partners with Water For People to Improve Sanitation Facilities Worldwide
A new partnership between American Standard Brands and NGO Water For People will focus on improving quality of life and access to safe sanitation around the globe.
TODAY’S DEALS: 29th Street Capital Buys Value-Add Apartment in Georgia
29th Street Capital acquires a 210-unit asset in Marietta, Ga.; Bascom completes its second acquisition under its new private capital program; and Eastern Consolidated arranges a $15.5 million sale of a mixed-use portfolio.
Building in Boston: Development Trends that Matter to Related Beal
Related Beal, a development company based in Boston and part of The Related Company, recently announced that Kim Sherman Stamler has been promoted to chief operating officer. MHN talks to Sherman Stamler about development trends in Boston and what they mean for Related Beal.