News
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.
TODAY’S DEALS: CBRE Sells 231 Units in Providence Community
CBRE handles the transaction of 231 units in Providence, R.I.; Inland Fund purchases Illinois residential development; and Cassidy Turley BRE Commercial completes sale transaction at $50,000 per unit.
Bascom Acquires Dallas Apartment High-Rise
Dallas–The Bascom Group has acquired the Davis Building in Dallas, an infill mixed-use property with 183 loft-style apartment units and plenty of bells and whistles.
Berkadia Launches Investment Client Services Division
Horsham, Pa.–Berkadia has launched Berkadia Investment Client Services, a new line of business providing commercial real estate investment sales services nationwide.