News
Former Worcester School to Become Mixed-Income Housing
The vacant Worcester Vocational and Technical School in Worcester, Mass., will be transformed into the 84-unit Voke Lofts, a mixed-income housing development.
FHA Reform Efforts Must Ensure Borrowers Have Access to Affordable Home Loans
The National Association of Home Builders (NAHB) expressed support for congressional efforts to reform the Federal Housing Administration (FHA) but urged lawmakers to proceed in a cautious manner to avoid any disruptions to the nation’s housing finance system.
Fife Capital Selects Yardi Voyager to Support Asset and Property Management Operations in Australia
Yardi Systems, a leading developer of software solutions for the real estate investment, asset and property management industry is pleased to announce today that Fife Capital has selected Yardi Voyager(TM) as its platform of choice for real estate asset and property management.
2013 NMHC 50 Names Nation’s Largest Apartment Owners, Managers
Boston Capital (155,521 units owned) and Greystar Real Estate Partners LLC (198,533 units managed) remained the nation’s largest apartment owner and manager, respectively, for the third consecutive year, according to the National Multi Housing Council’s new 2013 NMHC 50.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 5, 2013.
Michael Scurti Joins The Simon Companies as Chief Financial Officer
The Simon Companies, a professional developer, owner and manager of commercial and multifamily real estate, has hired Michael Scurti as the company’s new chief financial officer.
Economy Watch: Employers Offer More Jobs in February
According to the JOLTS report the number of U.S. job openings at the end of February was 3.9 million, up from 3.6 million January.
HFF Arranges $233 Million in Financing for 1,523-unit Breakers Resort
Holliday Fenoglio Fowler has recently announced that it has arranged $230 million in financing for The Breakers Resort in Denver. Working exclusively on behalf of The Bascom Group LLC, the borrower, the HFF team secured a $165 million first mortgage, a floating-rate loan which includes a three-year term with two, one-year extension options provided through Bank of America and CIBC.
Trammell Crow Residential Announces the Appointment of Leonard Wood Jr.
Trammell Crow Residential announced that Leonard Wood Jr. has joined as a senior managing director.
Riorda, Ryan and Whelan to Open Lee & Associates’ First Office in Maryland
Lee & Associates has opened a Maryland office, which will provide an important link with its national and Northeast outreach.