News
InSinkErator Makes Environmental Impact at Midwest’s Near-Zero Waste Music Festival
InSinkErator, a manufacturer of food waste disposers, enabled more than 7,000 attendees at Milwaukee’s Rock the Green festival Sept. 18 to “give back” by sending approximately 1,200 pounds of food scraps to the local wastewater treatment plant to be converted to renewable energy and fertilizer.
MHN Interview: Bud Malone, CEO of Mortgages USA
MHN interviews Bud Malone, CEO of Mortgages USA, who describes the current outlook for multifamily and explains why he considers rentals ‘a great wake up from the American Dream.’
AvalonBay Begins Work on Back Bay Apartments
AvalonBay Communities has broken ground on Avalon Exeter in Boston’s Back Bay neighborhood, with 52 units slated to be affordable housing.
TODAY’S DEALS: ARA Awarded 708-Unit, Class A Marketing Task
Oklahoma City, Okla.—Atlanta-headquartered ARA has been awarded the exclusive listing for the marketing of The Lincoln at Central Park, a 708-unit, Class A community located in Oklahoma City, Okla. Principal Brian O’Boyle and associate Bart Wickard will be leading marketing efforts on the 2007 and 2010-built property. “This is an excellent investment opportunity—a Class ‘A+’ community in a super metro location,” says O’Boyle. “Offering the most coveted amenities, The Lincoln at Central Park enjoys a great location with easy access to all of Oklahoma City’s major employers.” The community is located in northeastern Oklahoma City near both Interstates 44 and…
Luxury Condominium Boasts ‘You’ll Never Lose Your View’
The View, a 19-story luxury building with nine penthouse duplexes on the 18th and 19th floors, offers ‘protected’ views.
PCCP Provides $24 Million in Loans to Complete Staten Island Condo Construction
PCCP announced it has provided $24 million in two loan structures to a private institutional investor for the refinance and construction completion of two properties.
Economy Watch: Home Prices See Monthly Uptick But Annual Decline
According to the Standard & Poor’s Case-Shiller home-price indexes released on Tuesday, U.S. home prices were up in July for the fourth month in a row.
Profile: Transwestern
The Sunbelt may still be hot. Steve Pumper, executive managing director, Investment and Asset Services Group, Transwestern, believes there is still a lot of growth potential left in the warm southern states.
TODAY’S DEALS: Essex Buys Two Seattle Area Communities
Essex Property Trust acquires two properties in the Seattle area for $165.1 million; Behringer Harvard buys a 132-unit luxury community in Concord, Calif.; and NorthMarq arranges a $32 million mortgage through New York Life Insurance Co. for a portfolio of apartments in Miami, Fla.
The Story House Luxury Condos Hopes Residents Live Happily Ever After
Bibliophiles rejoice: The former Frederick Warne and Company building, a British book publishing house that produced The Tale of Peter Rabbit, has been renovated into The Story House, which features luxury condominiums.