News
MHN Interview: Holly Greer, SVP, CNL Financial Group
MHN speaks with Holly Greer, senior vice president and general counsel of CNL Financial Group, about current trends in multifamily lending, as well as some of the challenges.
Four Seasons to Celebrate Opening of Flagship Hotel in Toronto
On October 5, Four Seasons Hotels and Resorts will celebrate a homecoming of sorts with the opening of a landmark 259-room hotel in Toronto, the multicultural metropolis where the company was founded more than 50 years ago.
Luxurious Jazz Lounge Opens in Qatar’s First St. Regis Hotel
The St. Regis Hotel & Resorts has announced October 4th as the official opening date of Jazz at Lincoln Center Doha, a luxurious jazz lounge in Qatar’s first-ever St. Regis hotel.
Make Dull Multifamily Spaces ‘Pop’ with AirStone
AirStone is an ultra-lightweight stone veneer that can easily be installed without grout to give any space an attractive update. The product has 80 percent recycled content and is 50 percent lighter than manufactured concrete stone.
American Realty Capital New York Recovery REIT Acquires Brooklyn Condo
American Realty Capital New York Recovery REIT Inc. recently purchased The 163 Washington Condominiums, consisting of 50 rental units and a 36-space parking facility in Brooklyn, N.Y., for $31.5 million.
Economy Watch: U.S. Economy Dragging, Texas Shows Some Pep
Two different branches of the Federal Reserve issued economic reports on Monday, one not particularly sanguine about the U.S. economy, the other more hopeful about a region whose relatively strong economy has gotten some attention lately.
Louisville Apartment Property Trades for $22.5M
The Chicago-based Infinity Group has sold Vieux Carre Apartments, a 326-unit complex in Louisville, for $22.5 million.
TODAY’S DEALS: ARA Closes an Equity Raise for a Houston Development
ARA sources JV equity for an Alliance development; Northwestern Mutual sells a 137-unit asset in Medford, Ma.; and NorthMarq Capital arranges a $14.5 million Freddie Mac mortgage.
South Mississippi Housing and Development Corp. and The Michaels Organization Break Ground on Affordable Community
South Mississippi Housing and Development Corp. and The Michaels Organization have broken ground on McIntosh Homes, an independent-living affordable housing community for seniors in Gulfport, Miss.
Arbor’s FHA Multifamily Lending Business Accelerates Expansion with Hiring of New Chicago Originator
Arbor Commercial Mortgage LLC, a direct commercial real estate lender originating on a national basis, has expanded its multifamily FHA loan origination capabilities further with the appointment of an experienced FHA originations director in the company’s Chicago office.