News
WEB FEATURE: Compensation Trends in Multifamily
After a couple tough years of trimming budgets and tightening belts, the commercial real estate industry is seeing compensation and hiring return to pre-crash levels, with the multifamily sector showing exceptional stability.
TODAY’S DEALS: HFF Secures $53M in Financing for Mixed-Use D.C. Apartment
Holiday Fenoglio Fowler has secured $53 million in financing for a 231-unit mixed-use project in Washington, D.C.; A Woods Partners development was completed in Massachusetts; and NCB deploys capital to support low- and moderate-income communities.
Morris James Joins NMHC as PAC Director
Washington, D.C.–Danielle Morris James has been appointed to a newly created PAC director position for the National Multi Housing Council.
Historic Church Incorporated into Tampa Workforce Housing Design
Tampa–Sage Partners has started work on Metro 510, a 120-unit multifamily housing property that will incorporate the adaptive re-use of the St. Paul AME Church.
Economy Watch: Retailers See Strong Sales in January
Winter woes did not stop consumers from spending in January; Bernanke reports good news for economic recovery, with one caveat; and ISM’s Non-Manufacturing Index shows some industries on the uptick as well.
Plans Revealed for First Phase of Residential Village at Sanctuary Belize
Stann Creek District, Belize– EcoFuture has revealed the $25 million Phase I Master Plan for the Marina Village, the focal point of Sanctuary Belize.
MARKET SNAPSHOT: Institutional and Private Buyers Eye Austin Apartments for Investment Opportunities
Austin, Texas–Austin is poised for an extremely strong economic recovery, according to ARA’s Year-End 2010 Austin market report.
ICP Financial Goes Hunting for Distressed Properties
Boulder, Colo.–Investment specialist ICP Financial has inked a $4.8 billion deal with an unnamed but large European bank to buy distressed properties and mortgage portfolios directly from American banks.
TODAY’S DEALS: Senior Living Investment Brokerage Closes Two Sales Totaling $24.5M
Senior Living Investment Brokerage completes two sales; Prometheus obtains new fee-management account; and Raymond James provides tax credit equity.
SureDeposit Promotes Meade to Regional Marketing Director
Livingston, N.J.–SureDeposit, provider of security deposit alternatives to the multifamily industry, has promoted Marisa Meade to regional marketing director.