News
DEAL OF THE DAY: Berkadia Originates $8.01M Construction Loan Via Credit Union
Arlington, Texas–Berkadia Commercial Mortgage originated a loan via a local credit union for the construction of a student housing community in Arlington.
Spanish-Speaking Apartment Renters Get Mobile Apartment Search Solutions
Norfolk, Va.–For Rent Media Solutions has launched the ParaRentar.com mobile site. ParaRentar.com is a fully-translated Spanish apartment search site. “The ParaRentar.com mobile site caters directly to the Spanish-speaking Hispanic audience,” says Terry Slattery, president of For Rent Media Solutions. “This is the first and only mobile website created with the Hispanic renter in mind. As of June 2010, the ForRent.com mobile site has generated 11 percent of traffic to ForRent.com. We hope to enjoy that same success with ParaRentar.com and the new mobile site.” According to research conducted during a Spring 2010 Pew Internet study, 87 percent of Hispanics own a cell…
Mortgage Applications Edge Up, Driven by Refi: MBA
Washington, D.C.–For the week ending Aug. 6, 2010, the Mortgage Bankers Association’s Weekly Applications Survey says that mortgage loan application volume increased for the week, but barely.
Multifamily REITs Now King of the Hill
Charlottsville, Va.–In a new report, SNL Real Estate notes that during the first half of 2010, multifamily REITs outperformed every other kind of REIT in various ways, but perhaps most importantly, in returns to investors.
Bottom Well Within Reach for Seniors Housing Market
Annapolis, Md.–The seniors housing market managed to keep its head just above water during the economic crisis, but it did not completely escape the accompanying ramifications.
MARKET SNAPSHOT: Providence, R.I. Apartments Stabilize, Increase Rents
Providence, R.I.–Despite its 11.5 percent unemployment rate (as of June 2010, according to the U.S. Bureau of Labor Statistics), Providence, R.I.’s apartment market is relatively stable.
Property Tours: The Cammeyer
John B. Gomes, senior vice president of CORE, takes MHN on a tour of The Cammeyer, a 67-unit condo building in New York’s Chelsea Neighborhood.
DEAL OF THE DAY: Local Buyer Snaps Up Class B Property, Seller Provides Secondary Loan
Beaumont, Texas — Atlanta-headquartered ARA arranged the sale of Greentree Village Apartments in Beaumont, Texas.
Q&A: KeyBank Real Estate Capital’s Christa Chambers Tackles New Role and Changing Market
Bellevue, Wash.–Three months after taking on her new role, she speaks to MHN about issues ranging from her new responsibilities and goals to the current state of the financing in the multifamily market.
DEAL OF THE DAY: CBRE Brokers FDIC’s $24.8M Sale of Former Condos to Tax Credit Housing Developer
CB Richard Ellis Group arranged the sale of the Argent, a 96-unit 91,483 square foot mid-rise apartment complex located at 1200 Blair Mill Road in Silver Spring, Md.