News
FRHI Announces Seven-Hotel Expansion in the MEAI Region
The MEAI region is set to see the development of seven new hotels operated by FRHI Hotels & Resorts, the company recently announced at the Arabian Travel Market.
TODAY’S DEALS: Newly Built San Antonio Property Trades Hands
The NPR Group sells a 300-unit asset in Houston to Pensam Capital; Carroll Organization and The Carlyle Group complete a Houston apartment disposition; and GFI fetches $175k per unit for a 53-unit apartment building in the Bronx, N.Y.
White-Hot Tech Sector and Highest Construction Pace in Years Propel San Francisco’s Strong Rental Market
Embraced as the largest bastion of innovation and tech, the San Francisco Bay Area has seen its profile shoot through the roof in recent years, due to the increased activity of companies that have chosen to call Northern California their home.
How Southern Land Company Broke Nashville Multifamily Sales Records
Southern Land Company recently rocked the Nashville real estate market with the $95.1 million sale of Elliston 23 Apartments, a mixed-use luxury multifamily development. MHN asked Southern Land Company’s VP of mixed-use development Michael L. McNally, Jr. what the sale means for the company and for the white-hot apartment market of Nashville, TN.
Home Properties Begins Major Energy Upgrade on NJ Property
Home Properties has hired Lapolla Industries Inc. to implement Lapolla’s Multi-Family Energy Savings Program at the REIT’s Jacob Ford Village in Morristown, N.J.
Consultatio Receives $332M Loan for Oceana Bal Harbour Development
Consultatio has secured a $332 million loan from several banks led by HSBC Holdings to move forward with the ultra-luxurious Oceana Bal Harbour development in Miami’s Bal Harbour neighborhood.
NWP Joins the Expanding MRI Partner Connect Network
NWP Services Corporation, a nationwide leader in resident utility billing, energy management and submetering services to the multifamily industry focusing on optimizing their clients’ utility spend, is the latest addition to the prestigious MRI Partner Connect program.
HUD and Fannie Mae Announce Expansion of Green Preservation Plus
Fannie Mae, with support from the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA), today announced the expansion of Green Preservation Plus.
Carnegie Becomes a Certified B Corporation
Textile manufacturer Carnegie announced they have become a Certified B Corporation. B Corp certification is a rigorous third party assessment performed by the non-profit organization B Lab.
Greystone Launches Brooklyn Luxury Apartments
Greystone has launched Printhouse Lofts, a 36-unit luxury rental apartment building in Brooklyn’s Williamsburg neighborhood.