News
Prudential Mortgage Capital Company Hires Michael McRoberts to Head Fannie Mae and Freddie Mac Lending Businesses
Michael McRoberts has agreed to join Prudential Mortgage Capital Company as managing director of its conventional Fannie Mae and Freddie Mac lending business, the company announced.
AvalonBay Names New SVP for NYC Development
AvalonBay Communities announced that Martin Piazzola has joined the Company as senior vice president of development.
MARKET SNAPSHOT: Indianapolis Fundamentals Remain Strong; Investors Seek All Asset Classes
Indianapolis–Indianapolis is doing well, from an economic standpoint. Both the city and the state of Indiana have balanced budgets, points out George Tikijian III, CCIM, senior managing director of Tikijian Associates, who asserts that the state is performing better than most others in the Midwest.
Economy Watch: Apartments Drive Homebuilding Surge in September
Home starts experienced an unexpected uptick in September, increasing 15 percent to an annualized rate of 658,000 units.
Post Properties First to Introduce Electric Car Charges to Atlanta’s Multifamily Industry
Post Properties are installing two electric vehicle charging stations at Post Alexander, a luxury community in Georgia.
Seniors Housing in Charlotte Near Completion
Work is nearly complete on the $13 million Steele Creek seniors community in Charlotte, N.C., according to developer Wood Partners.
TODAY’S DEALS: Red Mortgage Capital Completes $29.3M Financing
Red Mortgage Capital completes a $29.3 million financing for a Bell Partners acquisition; Grosvenor’s $100 million residential fund is fully invested; and Lee & Associates’ Berzack Group closes three transactions in Los Angeles County.
Ravin Partners and Northwood Investors Announce Joint Venture
Ravin Partners LLC and Northwood Investors LLC have announced a joint venture to form a residential multifamily platform, Northwood Ravin LLC.
TriBeCa’s Newest Luxury Property Launches Sales
With the unveiling of two model residences, sales are underway at Reade57, a dynamic new luxury condominium development gracing New York City’s avidly sought and very pricey TriBeCa neighborhood.
Economy Watch: Homebuyers a Little Less Glum
It’s probably a case of “nowhere to go but up,” but even so it counts as good news that homebuilder confidence rose four points to 18 on the National Association of Home Builders/Wells Fargo Housing Market Index for October.