News
Historic Chicago Redevelopment Becomes Green Apartments
Chicago–An apartment property that combines historic renovation with green building features is now leasing on the West Side of Chicago, and developers say the combination is helping to attract tenants.
Apartment Life Expands Resident Retention Program
Euless, Tex.–Apartment Life has just brought in two industry veterans, Bobby Page and Colette Strange, to help expand its successful CARES onsite resident-retention program across the country.
DEAL OF THE DAY: Cushman & Wakefield Facilitates Loan Transaction in Las Vegas
Las Vegas–Cushman & Wakefield multifamily specialists Ed Rosen, John Chu and Alejandro Lombrozo have facilitated the sale of the loan on Carefree Willows, a senior living apartment community.
Grubb & Ellis Acquires Central Florida Affiliate
SANTA ANA, Calif.–Grubb & Ellis has acquired its central Florida affiliate, Grubb & Ellis|Commercial Florida.
Q&A: The Habitat Company’s Mark Segal
Mark Segal talks to MHN about technological innovations that are making property management more efficient, and about why the echo-boomer generation is more likely to rent than to buy.
Apartment Managers See Marked Improvements in Fundamentals This Year
The economic downturn certainly had a negative impact on the apartment sector, but notable improvements in the market from 2009 to 2010 indicate that the worst may very well be over.
Pioneering Green Mixed-Income Project Underway in St. Louis
St. Louis–Construction has commenced on Arlington Grove in St. Louis, and the 112-unit mixed-income residential redevelopment may spark a green trend in the creation of properties that unite low-income and market-rate units under one roof.
DEAL OF THE DAY: HFF Arranges 4.66% Acquisition Loan for Purchase of Property Foreclosed by Freddie Mac
Jacksonville, Fla.–HFF has secured financing for Waterford at Mandarin, a 432-unit multi-housing community in Jacksonville.
Colliers Expands with Multiple Acquisitions
Seattle–Colliers International has acquired a controlling interest in Kansas City’s The Winbury Group and added Hearn Burkley in Baltimore.
New Magellan Affiliate Aims to Solve Distressed Real Estate Problems
Magellan Development Group has created an affiliate problem-solving consulting service, Magellan Project Services, which will focus on distressed urban multifamily developments and underperforming assets.