News
TODAY’S DEALS: HFF Arranges $56M Acquisition Financing for Seniors Housing Portfolio
HFF arranged $56 million in financing for a four-property seniors housing portfolio with 419 units located in Portland, Ore.; and ARA announces sale of a 560-unit property in a value-add transaction.
National Multi Housing Council Names Betsy Feigin Befus to General Counsel
The National Multi Housing Council (NMHC) named Betsy Feigin Befus to the newly-created position general counsel, heading up legal affairs and legal advocacy initiatives on behalf of the organization.
Bigger in Texas: Enormous Austin Apartment Property Sells
In one of the larger apartment deals in recent memory in Austin, Hunt Investment Management has sold the master-planned Riata Town Center and Apartment Villages to IMT Capital LLC and affiliated company IMT Residential. The property in the Arboretum district of Austin includes 2,044 units on nearly 160 acres.
‘What Renters Want’ with Jessica Fiur: Ways to Appeal to Introverted Residents
Not every resident is interested in participating in community social events. Here are some ways to appeal to your more introverted residents.
‘What Renters Want’ with Jessica Fiur: Boomer, Gen X, Millennial–Same Difference When it Comes to Renting
What Millennials look for in an apartment is what everyone else wants too!
MHN Interview: How Albanese Organization’s Communities Survived Hurricane Sandy
MHN talks to Michael Gubbins, senior vice president, Albanese Organization Inc., which owns and develops properties in Battery Park City as well as other areas of New York, about how their properties fared and why their properties might have had an advantage over some of the others in the area.
SPECIAL REPORT: Uncertainty Clouds Obama Re-election, Lame-Duck Session
With the election over, a multitude of fresh challenges await the president and a divided Congress.
Brookfield Multiplex Lands $410M Qatari Construction Contract
Brookfield Multiplex Medgulf WLL, the consortium of Canadian-owned Brookfield Multiplex and the local insurance and reinsurance firm Medgulf has been awarded a QAR1.5 billion (or approximately $412 million) construction contract for a section of Msheireb Downtown Doha, a redevelopment project in Doha, Qatar.
Shinsei Bank Ltd. Set to Bet Newly Formed REIT on Health Care Lending for Aging Japanese Population
Japan-based Shinsei Bank Ltd. is reportedly set on creating a brand new real estate investment trust that would focus all of its attention on a niche market.
Magellan Launches First Apartment Development in Twin Cities
There has not been an apartment tower built in the downtown Minneapolis market for more than three decades. But that is about to change, with the start of construction on a new high-rise apartment community in the city’s Loring Park area from Chicago-based Magellan Development Group LLC.