News
Brookfield Multiplex Completes $54M Green Student Housing Community in Sydney
Brookfield Multiplex, an international contracting and development company has announced completing University Terraces, a $54 million green student housing project at the University of New South Wales in Sidney.
Global Hospitality Icon Announces Record-Breaking Growth for the Sheraton Brand
Starwood Hotels & Resorts Worldwide, Inc. has announced plans for the opening of 30 new Sheraton properties across the world over the next 12 months.
Ellis-Trick Multifamily Receives $19.6M Financing for Student Housing Community
Ellis-Trick Multifamily has received $19.6 million in financing for The Bluff at Waterworks Landing, a recently constructed, off-campus student housing community serving the University of Alabama.
MARKET SNAPSHOT: Operators Take Advantage of Improving Economic Conditions in Las Vegas
After lagging behind most major markets for some time, Las Vegas’ apartment sector is seeing an acceleration of activity.
Economy Watch: GDP Edges Down in 4Q
Real U.S. gross domestic product declined at an annualized rate 0.1 percent during the fourth quarter of 2012, according to the Bureau of Economic Analysis’ preliminary estimate.
Freddie Mac Announces Second Multifamily Securities Offering of the Year, K-025
Freddie Mac announced a new offering of Structured Pass-Through Certificates (“K Certificates”), which are multifamily mortgage-backed securities.
Corvias Group Announces New EVP of Property Management and SVP of Construction Operations
Corvias Group, a privately-owned, vertically-integrated real estate solutions group, announced that Charles E. Parker (Chuck) has been hired as executive vice president of property management and Edward Milch has been hired as senior vice president of construction operations.
Baltimore Apartments Win Permanent Financing
Two apartment properties in Baltimore have obtained $77.9 million in permanent financing. The loans of $63.3 million and $14.6 million were structured with 15-year, fully amortizing terms at rates of about 3.25 percent. CBRE’s Washington DC office arranged the loans, which are through the Fannie Mae DUS program.
MHN Poll: New Years Resolution?
Last month, the editors at MHN asked readers what they hoped to accomplish in 2013 from a development or property management standpoint.
TODAY’S DEALS: Walker & Dunlop Provides TF Cornerstone with $120M
Walker & Dunlop lands $120 million for an apartment tower in Queens, N.Y.; a new mixed-use asset is coming to Charles City, Iowa; and NorthMarq arranges a $19.9 million mortgage with two years interest-only.