News
TRANSCRIPT: Facebook Chat with Donald Capoccia, President, NYSAFAH
The transcript from Donald Capoccia’s, president, New York State Association for Affordable Housing (NYSAFAH), live chat on the MHN Facebook page.
TODAY’S DEALS: Vesper Acquires Texas Student Housing Asset
Vesper Holdings buys a 450-bed asset; The Bascom Group completes a Colorado sale with help from ARA; and Alliant Capital completes a $2.1 million loan.
Michael Steiner to Lead Corvias Group’s Military Housing Division
Corvias Group, a privately owned, vertically integrated real estate group, announced that Michael Steiner has been promoted to managing director of the company’s military housing division, Picerne Military Housing.
Arbor Appoints Todd Hirsch Executive Vice President, Head of CMBS Finance and Distribution
Arbor Commercial Mortgage LLC (Arbor) today announced the appointment of Todd Hirsch as executive vice president, head of CMBS Finance and Distribution.
Gvest Partners Adds John Bell, Launches Multifamily Platform
Real estate veteran John Bell has joined Gvest Partners, where he will be launching a multifamily platform for the privately owned investment partnership.
Commercial/Multifamily Mortgage Debt Increases by Largest Amount Since 2008
The level of commercial/multifamily mortgage debt outstanding increased by $21.8 billion, or 0.9 percent, in the fourth quarter of 2012, as all four major investor groups increased their holdings, according to the Mortgage Bankers Association.
L.A.’s 8500 Burton Way Captures Prestigious Award
The Los Angeles Business Journal has honored Bernards and Caruso Affiliated with its 2013 Commercial Real Estate Gold Award in the Mixed-Use category.
Economy Watch: Employment Up Ahead of Sequester
In creating 236,000 jobs in February, as the Bureau of Labor Statistics reported, the economy surprised on the upside, since some economists had fretted that the looming sequester might have made employers nervous.
TODAY’S DEALS: Milestone Apartment REIT Completes $200M IPO
A Canadian investor goes public, plans large U.S. buy; Pennrose is selected as the co-developer for an affordable/public housing development in Brooklyn; and Cassidy Turley represents Mark-Taylor, Kitchell Development in joint venture purchases totaling 30 acres.