News
Three Promoted to Senior Vice President at FirstService Residential
First Service Residential, previously known as Cooper Square Realty, announced that Steven Hirsch, Marc Kotler and Tom Padilla have been promoted to the position of senior vice president.
Bernards Kicks Off Construction on Glendale Mixed-Use Project
Los Angeles-based commercial builder Bernards has started construction on a 315,391-square-foot mixed-use project in Glendale, Calif., that will take aim at the Gen-Y cohort of renters.
MAP Breaks Ground on Mixed-Income Development in Yonkers
Magnusson Architecture and Planning has broken ground on Schoolhouse Terrace at Croton Heights, a 172,000-square-foot, mixed-income development that will replace outdated public housing in Yonkers, N.Y.
DAMAC Properties Launches $367M Luxury Hotel Living Project in Downtown Dubai
DAMAC Properties is launching a new AED 1.35 billion (approximately $367 million) luxury hotel living project in the Burj Area of Dubai.
London Student Housing Opens in Former Johnnie Walker Breweries
Assam Place, a mixed-use, luxury student housing project in the former Johnnie Walker breweries in London, has celebrated its official opening.
Dominium Buys Affordable Property in Florida
Multifamily owner Dominium has bought the Nassau Bay Apartments in Orlando, Fla. Dominium will be investing about $16,000 per unit in renovations to improve common spaces as well as individual units.
Economy Watch: Housing Starts Edge Up in August
The Census Bureau reported that U.S. private housing starts were at an annualized rate of 891,000 units in August.
TODAY’S DEALS: StoneBridge Investments Buys Luxury Atlanta Apartment
StoneBridge Investments buys 252 units in Atlanta; NorthMarq arranges $13.6 million for an affordable asset; and Centerline provides a $6.7 million bridge loan to refinance and build-out a 24-unit property.
Greystone Secures $117M for Affordable Rehab
WWJ has acquired a portfolio of 44 affordable housing properties in the state of Georgia. The deal was overseen by Greystone, working with National and State USDA Rural Development, the Athens Housing Authority, Georgia Department of Community Affairs and Fannie Mae to secure the funds necessary to acquire and rehabilitate the portfolio.
MHN Interview: The Importance of Social Media For Multifamily Team Members
Madison Apartment Group, a Philadelphia-based company, recently launched a social media platform for their employees called Madison Connect. MHN talks to Dean Holmes, COO of Madison Apartment Group, about this new technology.