News
Rising Interest Rates Torpedo Acquisition Deals
Apartment acquisitions transactions that were begun three to four months ago are now falling through because of the rising interest rates.
New Company Bridges Gaps in Temporary Corporate Housing Market
Nomad Temporary Housing launched this month, filling the void for those searching for temporary accommodations.
TODAY’S DEALS: Broad Street Advisors Arranges Financing for Dallas Project
Broad Street Advisors arranges financing for mixed-use Dallas project; AREA invests in a $100M apartment recapitailization; and NorthMarq Capital inks $31 million mortgage for Alabama student housing.
U.S. Green Building Council Welcomes New Board Directors
Washington, D.C.–The U.S. Green Building Council has elected new officers and directors to its 2011 Board of Directors.
Mid-America Apartments Acquires San Antonio Apartments
San Antonio–Attracted to the strong economy in San Antonio, Mid-America Apartment Communities acquires the 340-unit Alamo Ranch Apartments.
Virtual Tour’s New Web-Based Software for Brokers
Dublin, Calif.—VirtualTourCafe has launched MyCafeBroker, a web-based back-office software solution for low-cost, high-performance virtual tours and online marketing management.
J.I. Kislak Buys Three Florida REO Multifamily Properties
Pensacola, Fla.–J.I. Kislak Inc., a multifamily investor, has bought three multifamily properties from Miami-based Ocean Bank.
The Role of Affordable Housing in Stimulating the Economy
A study by the Center for Housing Policy shows that affordable housing can create jobs, stimulate the economy and give back to the tax base.
BRE Appoints Two New Vice Presidents
San Francisco–BRE Properties, Inc. has appointed Kari Warren as vice president of marketing and Steven Snell as vice president of business applications.
Manhattan Apartment Tower Is Already Turning Heads
New York–Less than a week after the commencement of leasing, The Continental is creating quite a stir in Manhattan’s Sixth Avenue Corridor.