News
Colliers Launches Student Housing Group
Colliers International plans to capitalize on growing demand in the student housing market with the creation of its National Student Housing Group.
David Woodward Forms CompassRock Real Estate LLC
After a career providing leadership and strategic vision to Laramar Group and Archstone, David Woodward has formed a new property management firm, CompassRock Real Estate LLC.
Economy Watch: The French Ratings 'Surprise'
Just when things in the euro zone were getting a little too quiet, Standard & Poors proved the rumors true late on Friday by downgrading the sovereign-debt rating of nine euro-using countries at one go.
TODAY'S DEALS: UDR/MetLife JV Completes $630M NYC Acquisition
UDR/MetLife complete a $630 joint venture acquisition in New York; Beech Street Capital closes 2011 with $2.2 billion in multifamily financing; and Walker & Dunlop supplies a $24.7 million refi under Fannie Mae Early Rate Lock.
Encore Wins Financing for Next Apartment Project
Encore Multi-Family LLC has closing on the financing for the its next ground-up development project, a garden-style apartment property in the Denver suburb of Thornton.
Kansas City Reaches $15 Million Settlement for Citadel Plaza Development Lawsuits
By Gabriel Circiog, Associate Editor The Citadel Plaza development saga is finally over with the city putting the cap on the long legal battle. The Kansas City Star reports the details of the settlement that was unanimously voted by the City Council back in November. The $80 million project drawn up over 10 years ago, […]
Multifamily Veteran Suzanne Lovelace Joins RealtyCom Partners
RealtyCom Partners, a nationwide telecommunications consulting and asset management firm specializing in the apartment industry, has hired Suzanne Lovelace, CAM, as executive vice president.
Montana’s Franklin School Apartments Revitalized
Franklin School Apartments, a Great Falls, Mont. affordable multifamily property whose history dates to the early years of the 20th century, has benefited from energy-efficient upgrades, thanks to a financing solution recommended by Columbus, Ohio-based Lancaster Pollard Mortgage Co.
CRA Announces Jack Kern as Chief Investment Research Officer
Continental Realty Advisors (CRA) has hired Jack Kern as chief investment research officer. In this role, Kern is responsible for the direction of CRA’s investment focus, all research initiatives, knowledge management programs and investor relations support. Kern brings over 25 years of experience in real estate research to CRA, with particular expertise in evaluating and forecasting markets, opportunities and operating platforms. Prior to joining Continental Realty Advisors, Kern was the managing director at Kern Investment Research for over four years, specializing in the multifamily sector. Previously, Kern directed the research unit at publicly traded Archstone-Smith, based in Englewood, Colo., where…
Jake Harrington Named On-Site’s CEO
Campbell, Calif.—On-Site.com has promoted Jake Harrington as chief executive officer. Harrington co-founded the company in 2001 and has provided strategic, operational and marketing leadership to On-Site for the last decade. He previously served as chief revenue officer and business development director. After graduating from Duke University, Harrington built On-Site’s presence in New York, which remains one of its most successful markets. Fellow company founders Scott Jones and Tom Harrington now serve as chief technology officer and chairman of the board of directors, respectively. On-Site began as a modest startup aimed at helping apartment managers fill out forms within a small…