News
Tampa Workforce Housing Project Debuts with a Blend of the Old and New
Metro 510, a 120-unit workforce housing property in downtown Tampa, Fla., has made its debut, flaunting a design by Urban Studio Architects that successfully blends the contemporary with the historic.
Poll Finds that Americans May Still Favor Homeownership
Despite the housing and economic crisis, owning a home is still a part of the American dream, at least according to a national poll of 1,500 likely voters.
Bank of America Veteran Joins Northwood Ravin as CFO
Raleigh, N.C.—Northwood Ravin LLC has announced that Don M. Ward, Jr. has joined the company as chief financial officer. Adam Golden is a new vice president of development in Raleigh. As chief financial officer, Ward will oversee operations, financial, accounting and informational technology functions and drive strategy. He was previously vice president in the Commercial Real Estate Bank at Bank of America Merrill Lynch, and had been with the bank since 1996. During his 15 years in the commercial real estate industry, he has served in a variety of roles and closed over $2 billion of commercial real estate loan…
Atwell Opens Denver Office
Denver—National land development consulting firm Atwell LLC recently announced the opening of their newest office location in Denver. The firm’s Denver area operations will be led by Blake Calvert, PE, who brings 17 years of experience managing entitlements and engineering design of large mixed-use communities, multi- and single-family developments, commercial sites, parks and community centers. Calvert’s responsibilities have ranged from project management, civil engineering, entitlements/agency approvals, master planning, community outreach and sustainability consulting. Prior to joining Atwell, he was group director of engineering for Nolte Associates. Utilizing Atwell’s turnkey capabilities, Calvert will be tasked with managing the Denver operations, growing…
Economy Watch: Euro-Nervousness Ahead of Debt Sales
The Fed observed that activity in residential real estate markets largely held steady at very low levels, with the exception of increases in the construction of multifamily residences.
NorthMarq Acquires New England Realty Resources
Minneapolis—NorthMarq Capital LLC has acquired New England Realty Resources (NERR) of Boston. NERR is a 30-year-old mortgage firm specializing in the origination and servicing of commercial mortgage investments. The acquisition is expected to significantly increase the production from that office. Joining NorthMarq from NERR are four industry veterans, including the firm’s founder, Jim Murphy, who will be the Boston office’s managing director. He is the former Chairman of the Mortgage Bankers Association of America and a former member of Fannie Mae’s National Advisory Council. In Boston, he served as a member of the Mayor of Boston’s Housing Finance Blue Ribbon…
PROFILE: On-Site.com
The Silicon Valley company offers its clients a completely paperless, online, lease-management process from property listing to the signing of the lease contract.
TODAY'S DEALS: Colonial Properties Buys Class A Community in Raleigh
Colonial Properties Trust buys a 350-unit community in Raleigh; Phoenix Realty Group acquires a 288-unit property in California; and Arbor funds the first FHA-insured loan with HUD’s new multifamily documents.
Multifamily REITs Looking Forward to Strong 2012
Moody’s Investors Service reports that the future looks good for REITs that specialize in multifamily properties.
Travis D’Amato Named Senior Vice President at Recap Real Estate Advisors
Travis D’Amato has joined Recap Real Estate Advisors as senior vice president, a role in which he will be responsible for building Recap’s growing transaction advisory practice.