News
RentSentinel Launches New Website
Chicago—RentSentinel kicked off 2012 with a new website at www.rentsentinel.com. The redesigned public site was a collaborative effort between the RentSentinel team, The Resident Connection, LLC and 30 Lines LLC. “The website redesign represents our commitment to the growing needs of our customers with a comprehensive suite of apartment marketing solutions,” says President Eric Broughton. “The site is easy to navigate and provides flexibility for future growth. It’s about building a relationship with a new audience and giving our longtime clients what they have come to expect.” RentSentinel partnered with Mark Juleen from the Resident Connection and Mike Whaling from…
New Partnership Seeks Value-Add Apartments in Metro Seattle
Trinity Real Estate and Norman Partners have formed a partnership to buy multifamily properties and other kinds of commercial real estate in the Puget Sound region.
Jonathan Price Joins Centerline Capital Group in Mortgage Banking Division
New York—Centerline Capital Group, a provider of real estate financial and asset management services for affordable and conventional multifamily housing, has hired Jonathan Price as assistant vice president in the Mortgage Banking division. Price will be assisting the head of the Alternative Capital Group, Kevin Smith, in analyzing and sourcing debt and equity for a variety of asset classes for Centerline’s clients. Prior to joining Centerline, Price worked in corporate real estate for Kaiser Permanente, where he managed a portfolio of 59 buildings in the Mid-Atlantic region. Previously, he was an acquisitions associate for Guardian Realty Investors,LLC, a private REIT…
Today's Deals: MG Properties Acquires 163-unit Community
MG Properties completes a $28 million acquisition, has $200 million planned for 2012; AEW Capital buys a Portland asset for $55.3 million; and Meridian Capital negotiates financings totaling $29.9 million for properties in New York.
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.