News
TODAY’S DEALS: Panther Properties Acquires 300-Unit Property near Atlanta
Panther Properties acquires a 300-unit property in Georgia; Behringer Harvard purchases two student housing communities near the University of Georgia; and Alliance Residential picks up an REO asset in Las Vegas.
CetraRuddy Wins Residential Architect Magazine Award for One Madison Park
New York–CetraRuddy was recently honored with a Multi-Family Grand Award for its design of One Madison Park, a 50-story high-rise sheathed in clear and white glass.
MARKET SNAPSHOT: Miami’s Long-Term Prognosis Stronger than Other Boom/Bust Markets
Miami–Even though Miami did get caught in the housing boom and bust, its underlying economy is stronger than most other markets that saw itself in the same trouble.
Economy Watch: Bernanke Speaks, Sticks to Script
Chairman Bernanke held the Fed’s first-ever press conference on Wednesday; Moody’s is expecting the “toughest year so far” for state and local governments; and U.S. industrial production shows improvement.
Helms Promoted to SureDeposit National Marketing Director
Livingston, N.J.–SureDeposit, a national provider of security deposit alternatives to the multifamily industry, has promoted Kia Helms to national marketing director.
Affordable Housing Project in Suburban Seattle Obtains Financing
Kirkland, Wash.–Saint Andrew’s Housing Group has won financing for construction of Francis Village Apartments through $10 million in Low Income Housing Tax Credits.
TODAY’S DEALS: HFF Arranges $59.5M for Multifamily Development in San Diego
HFF arranges a $59.5 million construction and mezzanine loan for a multifamily development in San Diego; Marcus & Millichap sells a 121-unit property in Santa Clara, Calif. for $31.4 million; and Invesco Real Estate acquires a 32-story property in Manhattan.
MHN Interview: CollinsWoerman’s Arlan Collins on SLI
CollinsWoerman Principal Arlan Collins talks to MHN about Sustainable Living Innovations, an innovative approach to off-site multifamily construction.
The Avenue at South Orange Wins NJBA’s Rental Community of the Year
South Orange, N.J.–The Avenue at South Orange, a 79-residence luxury community, has been recognized for its high-end amenities, design touches and ideal location.
New Pre-Fab Custom Housing Product Rethinks MF Construction
Seattle–Sustainable Living Innovations, a new custom multifamily housing product developed by the architectural firm of CollinsWoerman, takes modular construction to the next level.