News
Meet the 2013 MHN Tech Choice Winners
Industry users have voted these firms as those that stand out among the rest.
2013 MHN Excellence Awards Slideshow
MHN hosted its annual Excellence Awards on Friday, Sept. 20 at 75 Wall—Residences atop the Andaz, and the evening was sponsored by Yardi and by 75 Wall developer The Hakimian Organization in cooperation with Hundred Stories PR. Photos of the event have been posted in this slideshow and below.
CAF Capital Partners Buys Suburban Fort Worth Apartments
Dallas-based CAF Capital Partners has purchased Cross Creek at Grapevine Ranch in the Fort Worth suburb of Grapevine for an undisclosed sum from Irvine, Calif.-based Granite Investment Group. The 392-unit property is 95 percent leased.
TODAY’S DEALS: RADCO Acquires 982-Unit Apartment in Atlanta
The RADCO Companies completes a $39.6 million distressed acquisition; Trade Street Residential acquires a 208-unit apartment community in Charlotte; and Johnson Capital arranges a $2.86 million acquisition loan.
Multifamily Living, Multiple Choices
To get a sense of how residents in the Northwest use energy in their multifamily homes and how units are constructed across the region, Northwest Energy Efficiency Alliance (NEEA) recently studied residents’ habits based on a random and representative sample of 230 buildings and 552 units in the Northwest.
NWP Introduces New Resident Web Services Portal
NWP Services Corporation (NWP), a provider of utility cost recovery and energy management solutions for the multifamily industry, has released a new portal experience for residents designed for ease of use and convenience when viewing bill information and remitting payments on www.nwpresident.com.
Centerline Facilitates a $44M, Nine-Property Multifamily Portfolio Sale in Houston & Dallas
Centerline Capital Group has provided nine conventional Freddie Mac loans, totaling approximately $44 million, to enable the acquisition of nine multifamily properties, totaling 2,150 units, located in Houston and Dallas.
Abu Dhabi’s Nation Towers Welcomes Hotel with World’s Highest Suspended Suite
Starwood Hotels & Resorts Inc., a member of St. Regis Hotels & Resorts, announced the opening of the 283-key St. Regis Abu Dhabi, following the location’s mid-August debut.
Economy Watch: New Home Sales Up in August
The Census Bureau and HUD reported that sales of new single-family houses in August 2013 were at an annualized rate of 421,000 units. That’s 7.9 percent higher than the revised July rate of 390,000 units and is 12.6 percent above the August 2012 total.
CPC Oversees $10M Construction Loan for Affordable Community
Westchester County real estate developer Ken Kearney and Rehabilitation Support Services Inc. have obtained a $10.5 million construction loan to build Highridge Gardens, a multifamily development in Poughkeepsie.