News
Engler Financial Group Collecting Bids on Jasmine Woodlands
Engler Financial Group LLC, on behalf of its owner, Lyon Management Co. Inc., recently collected bids to purchase the Smyrna, Ga.-based garden-style apartment community known as Jasmine Woodlands.
Lenders Lose Less on Multifamily Loans, MBA Says
The Mortgage Bankers Association has reported that lenders lost less on multifamily mortgages in 2011 than they did in 2010, another sign of the increasing strength of the multifamily market.
Economy Watch: Robo-Signing Settlement Finalized
The U.S. government filed formal settlement papers in federal court regarding the massive mortgage lending abuse case, thus breaking down which of the five miscreant mortgage lenders pays how much.
MHN Interview: Identifying Problem Renters Before They Even Sign the Lease
Do you really know who’s living in your apartments? Joseph Killinger, who launched Rent Rite Directory, explains how the free directory can help property managers know if a perspective resident has a problematic renting history or a criminal record.
TODAY'S DEALS: Marcus & Millichap Sells 506-Unit Community in Dallas
Marcus & Millichap brokers the sale of a Dallas value-add property; M West Holdings buys 45 lofts in Los Angeles; and NorthMarq arranges a three-year, $10.9 million mortgage at a 30-year amortization schedule.
Second Phase of Affordable Housing Project Under Way in Riverside County
Affirmed Housing Group has broken ground for the Monte Vista Apartments in downtown Murrieta, a city in southwestern Riverside County, Calif. Monte Vista II will add 40 affordable units to the existing 64-unit Monte Vista Apartments.
Rose Associates Promotes Robert Werner to Managing Director
Rose Associates, a New York-based full-service real estate firm, announced today that Robert Werner has been promoted to managing director.
Lorena Heights Affordable Apartments Open in LA's Boyle Heights
The East Los Angeles enclave of Boyle Heights welcomed a new affordable housing development with the grand opening of Lorena Heights Apartments.
Economy Watch: Private Sector Hiring on All Cylinders
The U.S. private sector carried the entire load of creating jobs in February, according to the Bureau of Labor Statistics on Friday, with private payroll employment increasing by a net of 233,000 positions.
Village Green Restores 1920s Skyscraper and Converts it to Luxury Apartments
Village Green’s newest property, Randolph Tower City, is 35 percent leased already, and the first residents don’t even move in until later in the month.