News
Shea Properties and Ivanhoé Cambridge Break Ground on Ascent in San Jose, Calif.
Construction is now underway on Shea Properties and Ivanhoé Cambridge’s 650-unit Ascent luxury apartment community in south San Jose, Calif.
Renters Face Affordable Housing Crisis, Harvard Housing Study Reports
Renters are spending more of their monthly incomes on housing than ever before.
Economy Watch: Jobs Created Across Economic Sectors
A number of major sectors of the economy created jobs in November, according to the mostly positive jobs report by the Bureau of Labor Statistics.
MHN Interview: An Affordable Makeover in Hawaii
MHN talks to Stacie Brach, who manages the Western States affordable portfolio in Honolulu for The Michaels Organization, about the logistics such a significant effort entailed and how her “residents first” approach helped.
TODAY’S DEALS: Cohen Financial Secures $27.7M Construction Loan Miami Condo
Cohen Financial provides a construction loan to a nearly sold out Miami condo; Morgan Properties and Core Properties acquire a 500-unit portfolio in Maryland; and NorthMarq Capital’s Denver office executes two loans totaling $33.12 million.
NWP Services Corporation Expands SSAE 16 Type II Audit Report for Multifamily Customers to International Standards ISAE 3402
NWP Services Corporation (NWP), a provider of utility management, resident and property operation services, today announced successful completion of the US SSAE 16 Type II Report (Statement on Standards for Attestation Engagements No. 16).
Alliance Residential Buys San Diego-Area Apartments for $160M
Alliance Residential has acquired Coronado Bay Club, a 549-unit, garden-style apartment community in Coronado, Calif., an affluent “island” suburb of San Diego.
BLT and Metrovest Unveil Third Rental Building at The Beacon in Jersey City, NJ
Co-developers BLT and Metrovest have unveiled their latest building, The Paramount, within the companies’ Jersey City, N.J. development The Beacon, following on the heels of successful lease-ups of its two other buildings, Mercury and Orpheum, earlier this year.
Stonemark Management Adds Yardi Expertise
Multifamily property management firm Stonemark Management recently hired Lela Brooks to train managers and leasing staff on the Yardi platform.
CBT Architects-Designed Charlesview Residences Open in Boston
The newly opened Charlesview Residences development, designed by CBT Architects, signals a bright new day for long-time residents of the structure it supplants, the dilapidated, 42-year-old Charlesview Apartments in Boston.