News
MARKET SNAPSHOT: Rent Growth Expected to Stall as Deliveries Ramp Up in Portland
Set to dwindle from its post-recession peak, the Portland, Ore., metro is expecting slight vacancy increases along with a precipitous contraction in rent growth in the coming years.
Texas Affordable Housing Property Refinanced
The owner of Lago de Plata Apartments has obtained a $4.5 million FHA 223(a)7 loan to refinance the property. Proceeds from the loan will be used for repairs and to replace reserve escrows.
Economy Watch: Freddie Mac in the Black
Freddie Mac reported that it had a net income of $4.6 billion for the first quarter of 2013, compared to a net income of $4.5 billion for the fourth quarter of 2012.
TODAY’S DEALS: HFF Arranges $150M for Manhattan High-Rise
HFF announced that it has arranged $150 million in financing for the Madison Belvedere, a 50-story, 404-unit, Class A multi-housing property near Manhattan’s Madison Square Park; and Walker & Dunlop provides a $53 million Freddie Mac loan for a mixed-use property
Economy Watch: Home Prices Continue Upward Trajectory
More evidence that the housing market is in recovery mode.
B.H. Properties Acquires Terrace Park Apartments in Phoenix
Los Angeles-based commercial real estate investment firm B.H. Properties LLC has purchased Terrace Park Apartments in Phoenix.
MHN Interview: Is Investment Fatigue on the Horizon for Multifamily Development?
How is the state of development in multifamily, particularly in the Southeast? MHN talks to Summey Orr, managing partner, Hartman Simons, about development trends and why fewer new investors are coming to the market.
Where Tech Meets Touch
Cooper Square Realty’s hands-on learning center teaches multifamily maintenance.