News
Maintenance Training: A New NAAEI Program
Maintenance technician positions have some of the highest turnover rates in the apartment industry.
TODAY’S DEALS: TIAA-CREF Buys Into Manhattan’s Tallest Rental
TIAA-CREF becomes the 49 percent owner of 8 Spruce Street; The Dermot Co. and AFL-CIO break ground on Manhattan’s Upper West Side; and Johnson Capital arranges a FHA 223(f) refinance loan at interest in the 2 percent range.
HIT Invests $33M for Second Phase of Old Colony Redevelopment
The AFL-CIO Housing Investment Trust has invested $33.5 million in the $61.4 million development of 129 new apartments at Old Colony, one of Boston’s largest public housing properties.
MHN Interview: Multifamily and the Legislative Agenda
MHN interviews Will Cooper Sr., founder and chairman of WNC and Associates, about the multifamily issues that are on the current legislative agenda and the low-income housing tax credit program.
Corvias Campus Living Announces Two Key Appointments
Corvias Group announced that it has hired Jennifer Dilley as vice president of student affairs and Ronald LaPorte as vice president of business development of Corvias Campus Living, the company’s student housing division.
N.J. Statute Grants Tax Relief to Multifamily Owners Due to Extensive Structural Damage Caused by Hurricane Sandy
Since all real estate properties are assessed based on their value as of October 1 of the pre-tax year, and Hurricane Sandy struck on October 29, owners may be eligible for a tax adjustment if a property sustained major damage and depreciation.
‘What Renters Want’ with Jessica Fiur: What’s Your Apartment Resolution? 5 Suggestions for 2013
What do you have planned for your community in 2013? Here are some suggestions.
Cortland Partners Expands Jacksonville Presence with 391-Unit Acquisition
Cortland Partners has acquired Avistele at Deerwood, a 391-home, 42-acre community located in the most affluent neighborhood of Jacksonville, Fla.
Economy Watch: Case-Shiller Home Price Indexes Jump
The U.S. home-price recovery seems to be a sustained one, if the latest S&P/Case-Shiller Home Price Indices are any indication.
CAPREIT Finances Acquisition of Virginia Multifamily Properties
CAPREIT Inc. has obtained separate loans for the acquisition of two apartment properties in Newport News. The loans, which total about $19.8 million, were originated by Walker & Dunlop Inc. through Freddie Mac’s Capital Markets Execution Program.