News
Mack-Cali Buys Suburban D.C. Apartments for $262M
Mack-Cali Realty Corp. has acquired an 828-unit multifamily property, Crystal House, in the Crystal City section of Arlington, Va., for about $262.5 million. The acquisition was made in partnership with a fund advised by UBS Global Asset Management.
Centerline Capital Group Hires Jeffrey J. Ballaine in Mortgage Banking Unit
Centerline Capital Group, a provider of real estate financial and asset management services for affordable and conventional multifamily housing, and a subsidiary of Centerline Holding Company, announced today it has hired Jeffrey J. Ballaine for its Mortgage Banking Group.
Mainstreet Property Group Announces Acquisitions for Affiliated REIT
Mainstreet Property Group announced on March 25 that the board of directors of its affiliated REIT, HealthLease Properties Real Estate Investment Trust, has approved acquisition of 13 senior housing and care properties.
Economy Watch: Home Price Increase Healthy, Says Case-Shiller
The S&P/Case-Shiller Home Price Indices said that average home prices were up 7.3 percent for the 10-city composite and 8.1 percent for the 20-city composite in the 12 months ending in January 2013.
Dominium Adds Tracy Bolton as Director of Marketing
Dominium, an apartment development and management company, today announced that it has hired Tracy Bolton as director of marketing at its home office in Plymouth, Minn.
TODAY’S DEALS: Oak Grove Capital Provides $26.5M for a Minnesota Asset
Oak Grove Capital provides acquisition financing; Marcus & Millichap brokers the sale of two New Jersey assets; and Alliant Capital closes on a $875,000 loan in Beverly Hills.
Robert Ross Joins GFI Capital Resources Group as Chief Technology Officer
GFI Capital Resources Group, a provider of diversified real estate and insurance services, announced that 15-year industry veteran Robert Ross, has joined the company as chief technology officer.
Bazzèo Expands GAIA Line with GLASS
Whether it is the in-unit offering or the demonstration/community kitchen in your amenity space, a striking kitchen design will make your asset the envy of your particular market.
MHN Interview: Multifamily Trends in the Carolinas
Multi Housing Advisors recently expanded its offices to Charlotte, N.C. MHN talks to Marc Robinson, co-founder, Multi Housing Advisors, about his thoughts on the multifamily market in the Carolinas and some national development trends for the industry.
NAI Robert Lynn Records 2012 as Best Year Ever with 25 Percent Growth and Second NAI Global Member of the Year Award
Dallas-based commercial real estate company, NAI Robert Lynn documented 2012 as its “best year ever” with a revenue increase of more than 25 percent.