News
MARKET SNAPSHOT: Albuquerque Multifamily Takes Hit Due to Poor Employment, Renewed Single-Family Growth
As employment in the Albuquerque MSA tumbled 0.5 percent in 2011, reflecting a loss of 1,900 jobs, demand for apartments fell to a four-year low.
TODAY'S DEALS: Berkadia Arranges $28M for L.A. Properties
Berkadia lands $28 million for two properties in Los Angeles; The NHP Foundation buys its first affordable housing property in New York City; and Northmarq arranges a financing of $13.1 million for an Aukum Management purchase.
Bascom Buys Honolulu Multifamily for $73.5M
Bascom Group has bought Oasis at Waipahu Apartments, a 406-unit property in Waipahu, Hawaii, for $73.5 million. According to the buyer, the deal represents the largest multifamily transaction in Hawaii since 2007.
New Fannie Mae Loan Documents: 10 Issues for Multifamily Borrowers
The top 10 issues borrowers should focus on as they evaluate the new Fannie Mae loan documents.
Downtown Senior Apartment Project Lands New Equity Partner
By Gabriel Circiog, Associate Editor The economic downturn has taken its toll on many developments around the country, but a long-delayed downtown Denver senior-living project is set for a comeback as The Denver Post reports the developer has landed a new equity partner. Balfour Cosmopolitan LLC bought the 95,607-square-foot property back in 2006 for $7.7 […]
HFF Dallas Hires Troy Manson as Managing Director to Focus on Student Housing Transactions
HFF announced that Troy Manson has joined the firm as a managing director in its Dallas office. Manson will work alongside managing director Brian Kelly in HFF’s Chicago office to handle studenthousing sales nationally.
CBRE/New England Hires Scott Richmond as Vice President, Downtown Brokerage Team
CBRE/New England, a joint venture partner with CBRE, today announced that Scott J. Richmond has rejoined the firm as vice president with the Downtown Brokerage team.
Enterprise Community Investment and Bellwether Real Estate Capital Announce Merger
Enterprise Community Investment Inc. and Bellwether Real Estate Capital announced a merger between Enterprise’s Multifamily Mortgage Finance business and Bellwether.
Claremont's Courier Place a Multi-generational Trailblazer
With its recent grand opening, the 74-unit Courier Place Apartment Homes became the first-ever multi-generational affordable housing to be developed by Jamboree Housing Corporation.
Economy Watch: Housing Starts Edge Down, Permits Edge Up
The residential market continued to be the main domestic economic story on Tuesday, with the Census Bureau and HUD reporting that housing starts in February were at an annualized rate of 698,000 units, a dip of 1.1 percent from January.