News
Riverstone Residential Group Announces Three Key Leadership Promotions
Riverstone Residential Group, a privately owned, third-party multifamily property management company, announced three key leadership promotions in the company’s client services group and west division.
'Economy Watch' Podcast with Dees Stribling: A Foreclosure at Home
A foreclosure deal at home, but no Greek debt deal yet.
Federal Realty Investment Trust Announces Senior Management Promotions
Federal Realty Investment Trust announced the promotion of Patrick Inaba to vice president, construction and tenant services and Michael Kelleher to vice president, asset management.
Bridge Housing Buys Site in Marin County for Affordable Multifamily
Bridge Housing Corp., one of California’s largest nonprofit developers and owners of affordable housing, has bought a 3.5-acre site in unincorporated Marin County. The company plans an affordable housing development for the site.
First NorSouth HearthSide Senior Community South of Atlanta
Groundbreaking is expected to take place this summer on HearthSide Peachtree City, a new moderately priced, amenity-rich senior living community from Atlanta’s NorSouth Development.
Economy Watch: Mortgage Settlement Done, Greek Deal Not
The federal government, the state attorneys general of 49 states and five major U.S. banks have agreed to a $25 billion settlement regarding robo-signing that the banks undertook during the worst of the foreclosure crisis.
Orange County Condo Property Successfully Reinvented as Upscale Apartments
Renters in Irvine, Calif., are clearly keen on upscale accommodations, as evidenced by the latest news at a luxury multifamily property built by Lennar and Intergulf Development Group in 2010.
Beech Street Sees Jump in DUS Lending
Beech Street Capital LLC reports that the company is now the nation’s number-three Fannie Mae DUS lender, with its multifamily financing volume spiking in 2011 to $2.2 billion. The company’s volume with Fannie Mae more than doubled last year.
MHN Interview: TransUnion Data Shows Vacancies Decreased But Rents Stayed the Same
Recent findings from TransUnion, a provider of risk management solutions, showed that while, on average, vacancy rates have decreased, rents have remained steady.
TODAY'S DEALS: HFF Arranges $31.9M Construction Loan
HFF arranges a construction loan for an asset near Seattle; Beech Street Capital provides $11.3 million for a Baltimore acquisition; and Lucent arranges a $12 million loan for the acquisition of fractured condo.