News
Ground Breaks on More Riverfront Apartments in N.J.
Work has begun on the Estuary, a 589-unit residential complex on the waterfront in Weehawken, across from Manhattan.
Today's Deals: Harbour Realty Snags 280 Units in Chicagoland
Harbour Realty Partners purchases 280 units in Chicagoland; Passco Companies buys a 212-unit golf-oriented community; Greystone originates $15.8 million for a property in Florida; and Walker & Dunlop provides a $6.1 million loan under Freddie Mac’s CME program.
The Cooking Show Phenomenon, and How It Changed Multifamily
With the influx of cooking shows, it seems like everyone now wants to be a chef. This phenomenon has lead to an interesting multifamily phenomenon: the chef’s kitchen.
7 Reasons D.C. Is Experiencing a Strong Multifamily Market
Multifamily investment in 2011 has been the golden child of commercial real estate. With strong economic and employment fundamentals, large metros such as Washington, D.C., have attracted investors.
Freddie Mac Director to Join Beech Street Capital
Beech Street Capital announced it has appointed Rick Del Roio as vice president of credit. Based in Beech Street’s Bethesda office, Del Roio will be responsible for managing underwriting for the lender’s Freddie Mac business.
Re-Keying Ordinances Spur Lock Hardware Innovation
The state of Texas has a code calling for locks to be re-keyed after apartment residents move out, and Illinois has enacted a new amendment to its Landlord and Tenant Act that will go into enforcement in several weeks on January 1.
Economy Watch: Moderate Cheer About Europe, For the Moment
Word is that the latest idea to fend off Europe’s woes is the sooner creation of the European Stability Mechanism, which would be a permanent successor to the European Financial Stability Facility.
Inland Empire Apartment Market Will Continue to Prosper
California’s Inland Empire, an area hit particularly hard by the Great Recession and its aftershocks, is seeing an intensification of demand for rental properties, according to a new report by real estate investment specialist Marcus & Millichap.
Changing Manhattan's Skyline: NY's Newest, Tallest Residential Building
Manhattan is world-renown for its skyscrapers. And now the tallest residential building is almost complete. Extell Development Co. announced that sales have started for ONE57, a 90-story glass tower, which will rise 1,000 feet above Midtown Manhattan.
Today's Deals: JV Lines Up Funds for Bethesda Mixed-Use Development
Northwestern Mutual funds a joint venture mixed-use development; The Praedium Group and Hamilton Zanze & Company sell a Colorado asset; and HFF closes REO sale of Veranda Park in Orlando, Fla.