News
Bellwether Closes on $75M in Multifamily Financing
Bellwether Enterprise Real Estate Capital has closed on a $75 million loan to a Cincinnati-based owner/operator for the refinancing of five apartment properties in Texas and two in Ohio.
Concern for Independent Living Opens 90-Unit Mixed-Use Supportive Housing Project in Brooklyn
Concern for Independent Living, a nonprofit provider of supportive housing, has opened The Concern Heights Apartments in the Crown Heights section of Brooklyn, N.Y.
$21M Seniors Housing Community Breaks Ground in Fla.
Ground has been broking on HarborChase of Villages Crossing, a senior housing and assisted living community in Lady Lakes, Fla. The community has a $21.6 million construction budget and is expected to open in late 2013.
RentSocial Launches New Mobile App
RentSocial announced the launch of its mobile app on the iOs platform.
Consumer Attitudes on Housing Continue Summer Season’s Gradual Upward Trend
Results from Fannie Mae’s September 2012 National Housing Survey show Americans’ optimism about the recovery of the housing market and with regard to homeownership continued its gradual climb, bolstered by a series of mortgage rate decreases experienced throughout the summer.
TODAY’S DEALS: NorthMarq Arranges Five-Year Bank Loan for Purchase in Prime NYC Location
NorthMarq arranges a five-year bank loan for purchase of retail condo in prime New York City location; and Ridge Capital purchases a California property for $19.625 million.
SPECIAL REPORT: Exchanging News and Views at Expo Real
MHN reports from the Expo Real 2012 International Trade Fair for Commercial Property and Investment, held at Messe München International in Munich, Germany.
Economy Watch: IMF Scales Back World Growth Predictions
The International Monetary Fund said on Monday in its most recent “World Economic Outlook” that it now expects the world economy to grow by 3.3 percent during 2012, down from its July prediction of 3.5 percent.
The Rainmaker Group Appoints New Chief Financial Officer
The Rainmaker Group, a provider of revenue management and profit optimization solutions provider to the multifamily housing and gaming/hospitality industries, recently announced the appointment of Tom Barham as chief financial officer.
Booming Residential Markets Ignite Portland, Seattle Multifamily Sales
By Alex Girda, Associate Editor Two residential properties recently traded hands in the Pacific Northwest, totaling $88 million and intensifying speculation that Seattle and Portland are both about to experience apartment booms. An improving business environment spurred by corporate residents such as Microsoft Corp. and Amazon.com combined with the larger notoriety major cities such as […]