News
Chicago’s Newest Luxury Rental
Chicago–EnV Luxury Apartments is a 249-unit, 29-story project in Chicago.
DEAL OF THE DAY: George Smith Arranges $112M 223(f) Refi at 3.75% Interest, 80% LTV
Santa Clarita, Calif.–Commercial real estate investment banking firm George Smith Partners (GSP) arranged the refinance of a multifamily property, The Colony Townhomes, in Santa Clarita, Calif., utilizing HUD’s 223(f) program.
SPECIAL REPORT: CMBS Industry has to Contend with Massive Amounts of New Regulations Under Financial Reform Laws
New York–New financial reform regulations may have the effect of limiting the number of players in the CMBS industry.
Proposed FASB Standard Has Some U.S. Contractors Worried
Washington, D.C.–A proposed new accounting standard has some general contractors concerned that it might make it more difficult to proceed on construction projects as demand returns for new structures—such as multifamily.
Luxe List Home Adds 12 Atlanta Communities to Its 2010 List
Los Angeles–Luxe List Home has chosen 12 luxury apartment communities in Atlanta for inclusion in the 2010 Luxe List, an online residential resource that connects luxury rental customers with apartments in the U.S.
Brandywine Homes Rescues Stalled Redevelopment Plan in Garden Grove, Calif.
Garden Grove, Calif.–Where others have tried and failed, Brandywine Homes is succeeding.
DEAL OF THE DAY: Chozick Realty Brokers Sale of Property for $7.05M
Bloomfield, Conn.- Rick Chozick and Ryan Perkoski of Hartford based Chozick Realty Inc. arranged the sale of Wedgewood Apartments, located in Bloomfield, Conn. for $7,050,000.
Michael D. Berman, CMB, Sworn in as MBA Chairman
Atlanta–Michael D. Berman, CMB, president and CEO of CWCapital in Needham, Mass., was sworn in as the 2011 Chairman of the Mortgage Bankers Association (MBA). As chairman, a top item on Berman’s agenda is for MBA to continue to play its leadership role in redesigning the government’s role in the secondary mortgage market. Berman is a founder and member of the Board of Managers of CWFinancial Services. He joined the CW companies in 1985. Under Berman’s direction, CWCapital first entered the national lending business in 1991. Since then, annual loan production has grown from $100 million to $2.3 billion. CWCapital…
‘Foong on Finance’: Historic Preservation Awards
The National Housing & Rehabilitation Association (NHRA) in association with the National Trust Community Investment Corp. has honored eight historic buildings in its annual awards ceremony.
Opportunistic Buyer Seeks Second-Tier Multifamily
New York–The feeding frenzy is on for trophy multifamily properties in top-tier markets.