News
Butler and St. John to lead CBRE Multi-Housing Group in New England
Boston—CBRE/New England has announced that Simon Butler and Biria St. John have re-joined its Boston office as executive vice presidents and partners to lead the Multi-Housing Group in New England. They are 18-plus-year veterans of the business exclusively specializing in multi-housing investment sales and will join forces with Bill Moylan and Chris Angelone, who lead the CBRE/New England Capital Markets in Boston. The addition of Butler and St. John further solidifies CBRE/New England as the leading investments sales team in the Northeast. Butler and St. John were recently executive directors with Cushman & Wakefield Inc.’s Capital Markets Group. Prior to…
Boston Suburb the Site of Newest Legacy Park Apartment
The Federated Cos. announced earlier this week that it has purchased a 12-acre site in Wilmington, and plans to construct an MGL Chapter 40-B mixed-income rental community featuring a total of 108 units, to begin pre-leasing in early 2013.
Economy Watch: December Saw Stronger Job Growth
The unemployment rate dropped, and the apartment vacancies are at a 10-year low.
RealPage Acquires Vigilan, SaaS Provider to the Senior Living Industry
RealPage Inc. has acquired the operating assets of Vigilan Inc. for approximately $5 million.
More Good Times Ahead for Multifamily in 2012
According to Grubb & Ellis Co.’s 2012 National Real Estate Forecast, additional growth is on tap for the U.S. multifamily sector this year, after a successful showing in 2011.
MARKET SNAPSHOT: 2012 Predictions Indicate that Class B Product Will Play Bigger Role
The multi-housing sector continues to be in the best shape of all real estate, affirmed panelists at a webinar, hosted by Humphreys & Partners Architects LP, yesterday.
IRS Issues "Repair Regulations," Multifamily Industry Now Has to Figure Them Out
There are new federal regulations regarding the tax treatment of costs incurred in acquiring, maintaining and improving tangible property, including multifamily buildings. The Internal Revenue Service issued temporary and proposed ruleson the matter just before Christmas–and now it’s up to members of the multifamily industry to figure out how they will affect their businesses.
TODAY'S DEALS: HFF Brokers Disposition, Closes Loan Sales
HFF brokers Chicago sale, closes loan sales; Tryko acquires a 163-unit asset in Pennsylvania; and Boston Capital Finance closes two rehab construction loans in Arkansas.
Yardi Acquires Assisted Living Software Provider ALMSA Corp.
Santa Barbara, Calif.–Yardi Systems Inc. has acquired ALMSA Corp., which provides electronic health record (EHR) and electronic medication administration record (eMAR) software and services for assisted living and long-term care communities
HFF Opens Denver Office, Hires Three Production Specialists
Denver—HFF (Holliday Fenoglio Fowler LP) is opening a full-service office in Denver with an immediate focus on debt placement, equity placement, loan sales and investment sales. Day-to-day operations of the Denver office will be led by Eric Tupler, who joins HFF as a senior managing director. Joining him is Managing Director Mark Fallon, who has worked out of HFF’s Chicago office since November 2010 and specializes in loan sale advisory transactions. Executive Managing Director Jody Thornton, a member of HFF’s Executive Committee, is overseeing the Denver office expansion from HFF’s Dallas office. Tupler, a former vice chairman at CBRE Capital…