News
TODAY’S DEALS: HFF Secures $15M for Community in Spokane
HFF secures $15 million in financing for a 256-unit property in Spokane, Wash.; Walker & Dunclop closes a $50.5 million Freddie Mac CME loan; and Red Mortgage Capital completes a $19.9 million financing for three seniors communities in northern-central Ohio.
Jamestown Continues High-End Conversion of Beach Place in Sunny South Florida
Change is afoot in Sunny Isles Beach, Fla., and Jamestown continues the reinvention of Beach Place to accommodate a growing demand for premier apartments.
Cutting Edge Property Management Partners with the U.S. Marine Corps Reserve for ‘Toys for Tots’ Program
Cutting Edge Property Management Company Inc. announced it would be participating with The United States Marine Corps Reserve Toys for Tots Program at each of Cutting Edge’s managed communities.
Professor Greens Buildings With Lichens
There are many ways that a large building, including a multifamily structure, can go green. A Rutgers-Camden professor is at work on a new way to green buildings–both figuratively and quite literally–that involves lichen.
MARKET SNAPSHOT: Kansas City’s Predictability Leads Investment Interest to Double
Kansas City, Mo.–Investment interest in the Kansas City metro has nearly doubled, reports Mac Crowther, principal in ARA’s (Apartment Realty Advisors) Kansas City, Mo. office.
Washington, D.C., is Top Investor Choice Again as Tough 2011 Looms: PwC/ULI Survey
In football terms, 2012 promises yet another grinding year of “three yards and a cloud of dust,” according to the annual Emerging Trends forecast from PwC and the Urban Land Institute, which was released Wednesday morning.
A Look Ahead: Opportunities in a Changing World
Success in real estate requires optimism and the ability to identify opportunity under any circumstances. This year’s Urban Land Institute Fall Meeting opened with plenty of advice for tackling both short-term challenges and long-term market shifts.
AvalonBay’s Ron Ladell Promoted to Senior Vice President
AvalonBay Communities Inc., a real estate investment trust (REIT), announced that Ron Ladell has been promoted to senior vice president, development.
Today’s Deals: Hartz Acquires Two Communities in N.J.
CBRE facilitates the acquisition of two communities for Hartz; Behringer Harvard buys a 280-unit property near Fort Lauderdale, Fla.; and Meridian negotiates $46.1 million in financing for multifamily, co-op properties.
Standard & Poor’s James Manzi Plots the Road Ahead
James M. Manzi, CFA, senior director, Structured Finance Research, at Standard & Poor’s Rating Services, explores the ratings agencys take on a range of subjects of interest to the multi-housing industry.