News
Arbor Adds Two New Originators in Philadelphia and Birmingham, Ala.
Arbor Commercial Mortgage has expanded its multifamily loan origination capabilities again with the appointment of two experienced originators in the company’s Philadelphia and Birmingham, Ala., offices.
Butte Cos. Plans $35M Luxury Apartment Complex in Chandler
By Alex Girda, Associate Editor Phoenix’s climate and attractive lifestyle is motivating developers to grow the local inventory of luxury multifamily properties. A recent case in point: the $35 million development in Chandler planned by Scottsdale-based Butte Cos. The proposed 222-unit project would rise on a 10-acre parcel on McClintock Drive, just north of Chandler […]
Wood Partners LLC and East West Partners Plan New Luxury Apartment Community
By Gabriel Circiog, Associate Editor Wood Partners L.L.C. and East West Partners announced that they have arranged capital from USAA Real Estate Company for the development of a luxury apartment community in the heart of the Union Station/Riverfront Park redevelopment. The $62 million Alta City House, located at 1801 Chestnut St., will include 280 units […]
Chicagoland Apartment Association Unveils Apartment Living Campaign
“We’ve been through a very difficult recession, but the rental market has pulled out of it more quickly than other parts of the economy. More and more people will be choosing renting,” says Chicagoland Apartment Association vice president.
Economy Watch: Investors Rush to Sell
Wall Street was feeling upset on Tuesday, with investors heading for the exits, driving stocks down the most on a single trading day so far this year.
TODAY'S DEALS: IPA Sells Tampa Community for $12.6M
IPA arranges a $12.6 million sale in Tampa; Centerline Capital provides a $6.6 million loan for a two-property acquisition in Utah; and Walker & Dunlop originates a $18.2 million refinance loan carrying two-years interest-only.
New Xylem Vanity Brings Big City Style to Small Bath Spaces
Xylem is now offering a 24-inch version of their stylish Manhattan vanity. The scaled down unit is a good option for smaller bathrooms looking to make a big luxury statement.
Red Capital Group Announces Founder's Retirement and Names Beisler/Moran to Lead
Red Capital Group recently announced the retirement of its founder, chairman and CEO William E. Roberts.
Bozzuto Land Company Names New Land Acquisition Manager
The Bozzuto Group, a Washington, D.C.-based real estate services organization, named Timothy Phillips land acquisition manager for Bozzuto Land Company, one of its six companies.
Yardi Beacon New Web Manager for Public Housing Agencies
Yardi announced its general release of Yardi Beacon for managing public housing, affordable housing, and the U.S. Department of Housing and Urban Development’s housing choice vouchers program.