News
Investors Snap Up Assets in Phoenix
Arizona’s new immigration law hasn’t deterred investors from snapping up assets in the state’s capital.
Generating Profit in Laundry Rooms
High efficiency, coin-free machines are smart choices for multi-housing owners and operators.
USGBC Announces New Sustainability Award in Honor of Chicago Mayor Daley
Washington, D.C.–The U.S. Green Building Council (USGBC) has just revealed the establishment of a new award that will honor those who have served as beacons in the movement to develop environmentally friendly cities.
Web Feature: Packing in Amenities for Multi-Generational Demographic
New York–Apartment renters across the country desire amenities.
Korman Communities to Invest $300M Per-Market to Expand its Luxury Flexible-Stay Brand
New York–Korman Communities has announced that it will enhance its AKA residences collection by eight to 12 properties over the next five years.
DEAL OF THE DAY: Arbor Closes $3,150,000 Acquisition Loan
Bridgeport, Conn.–Arbor Commercial Funding LLC recently funded a $3,150,000 loan under the Fannie Mae DUS product line for the 66-unit complex known as Northbrook Apartments.
Newland and Sekisui House Form U.S. Joint Venture
San Diego–Newland Real Estate Group L.L.C. and Sekisui House Ltd. have formed a joint venture to acquire real estate development projects in the U.S. consisting of residential and commercial land development.
Yardi Systems Acquires Point2 Technologies Inc.
Santa Barbara–Yardi Systems has completed the acquisition of Point2 Technologies Inc.
Seniors Housing Starts Plunge: NIC
Annapolis, Md.–For the year-long period ending March 31, 2010, seniors housing starts, including senior apartments, were down 32 percent nationwide from the same period a year earlier.
DEALS OF THE DAY: Investors Savings Bank Provides Construction Financings in New Jersey, New York, Pennsylvania Tri-State Area
Short Hills, N.J.–Here is one bank that is active providing not only acquisition, but also construction, financing in the tri-state area of New Jersey, New York and Pennsylvania. Investors Savings Bank’s Commercial Real Estate group says it recently completed financing for seven transactions.