News
Rockwood Capital and Partners Snap Up 849-Unit Miami Luxury Condo for $141M
Miami–Everglades on the Bay, a mixed-use luxury condominium property in Miami, has just traded for far, far below replacement cost.
DEAL OF THE DAY: Bell Partners Fund Purchases Apartment Property
Chesapeake, Va.–Bell Partners Inc. has joined with a group of high net-worth ownership entities to purchase the 192-unit Alta Great Bridge Apartments in Chesapeake, Va.
Housing Industry Awaits Answers on GSE Reform
GSEs continue to struggle with financial issues as they await promised reform–reform that is unlikely to move any faster as Republicans take control of the House of Representatives when the 112th Congress meets in January.
Seniors and Affordable Green Multifamily Projects under Way in Chicago
Chicago–Ground has been broken for the New Admiral at the Lake, a 31-story life-care/continuing-care retirement community on the North Side of Chicago.
DEAL OF THE DAY: Arbor Replaces Mortgage with $1.33 Fannie Mae Small Loan at More Favorable Terms
Brookhaven, Miss.–Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,332,500 loan under the Fannie Mae DUS Small Loan product line for the 96-unit complex known as Lakeview Arms Apartments in Brookhaven, Miss. The 10-year loan amortizes on a 30-year schedule.
Camden Fund Picks Up Two Properties, Wants More
Houston–Camden Multifamily Value Add fund has made its first apartment property purchases in more than two years with the acquisition of the 306-unit Camden Yorktown complex in Houston and the 110-unit Camden Ivy Hall property in Atlanta.
Fannie Mae Mostly Optimistic about Multifamily in 2011
Despite stubbornly high unemployment, multifamily fundamentals improved during the third quarter of 2010, but the sector’s recovery is expected to pull back slightly during the fourth quarter.
Gimme Shelter with Daniel Gehman: Sounds Crazy, but It Just Might Work
Like almost every other facet of development, the protracted process of obtaining project approval is not for beginners or the faint of heart.
Impediments of Aging Affordable Housing
Industry experts face up to the issues presented by the nation’s older stock of affordable housing.
UMCA Appoints Levkus to Board of Directors
SANTA BARBARA, Calif.—Martin Levkus, general manager of Yardi EBS utility billing, has been appointed as a director of the Utility Management and Conservation Association.