News
Liability Rolls Downhill: How Flow Down Clauses Can Harm You
Since the construction of multifamily projects typically involves several parties, it is crucial to craft your contracts with the utmost care. Failure to do so could greatly increase your risk of contractual liability to third parties, particularly when those provisions known as flow down clauses are involved.
TODAY’S DEALS: HFF Arranges $22.5M Permanent Loan from Life Insurance Company
HFF arranges $22.5 million in financing from a life insurance company; Parse Capital closes a $8.9 million mezzanine loan for a Los Angeles development; and Berzack Investment Property Advisors brokers a 40-unit sale in Santa Clarita, Calif.
MHN Interview: Freddie Mac Multifamily’s Plan to Increase Affordable Preservation
Shaun Smith was recently hired as the senior director for the Targeted Affordable Housing Retail Production division for Freddie Mac Multifamily. MHN talks to Smith about her plans to increase the focus on affordable preservation and why preservation transactions have been so successful.
Auction.com Research Releases Inaugural Quarterly Residential Report
Auction.com Research, a division of Auction.com that provides continuous data and analysis across all residential and commercial real estate sectors, today released its first Quarterly Residential Research Report.
Relevance New York Adds Two NYC Buildings
Relevance New York, a brand-building company, is now representing Walker Tower in Chelsea, and 435 West 50th Street in Hell’s Kitchen.
The Dolben Co. and Klein Enterprises Begin Leasing at Fells Point
Marketplace at Fells Point has begun pre-leasing. The 159-unit apartment property, which also includes 28,000 square feet of retail space, is located in Baltimore’s historic Fells Point district, in the southeastern part of the city along the waterfront, just east of the Inner Harbor.
NAAEI Opens New Path for Lapsed Students to Earn Certified Apartment Manager Designation under CAMnesty Program
Everyone deserves a second chance, and the National Apartment Association Education Institute (NAAEI) is offering one to those people in the apartment industry who started but did not complete their Certified Apartment Manager (CAM) designation within the past seven years.
Macquarie Continues Expansion of Mexican REIT with Double Retail Center Acquisition
The Macquarie Mexican REIT recently announced that it has agreed on a fee for the purchase of two commercial properties in Mexico City’s metropolitan area.
IMMOFINANZ Group Delves Deeper Into Polish Multifamily Market
IMMOFINANZ Group has started development of Riverpark, a 189-unit project in Poznań, Poland.
Wilson, Blanchard Management Inc. Improves Operational Efficiency with Yardi Voyager Condo
Yardi announced today that full-service property management company Wilson, Blanchard Management Inc. has improved process automation, data protection and reporting capabilities since adopting Yardi Voyager® Condo.