News
DEAL OF THE DAY: Wood Partners and Area Property Acquires Condo Construction in Miami
Miami–Wood Partners and AREA Property Partners have closed on the acquisition of Terrazas River Park Village, a 324-unit Class A property along the Miami River.
Multifamily Starts Up From Last Year, But Still Sluggish
Washington, D.C.–Housing starts edged upward unexpectedly in September.
Post Makes First Move Outside of Texas with 403-Unit Apartment Purchase in Louisiana
Los Angeles–Post Investment Group Inc. has just made its first multifamily investment beyond the borders of the Lone Star State with the acquisition of Quail Creek Apartments, a 403-unit residential community in Shreveport, La.
Video Interview with Thomas P. Deyo
MHN interviews Thomas P. Deyo, Dep. Director Real Estate, NeighborWorks America about the high cost of capital and other challenges faced by non-profit developers.
DEAL OF THE DAY: Berkadia Originates $7.5M Refi for Mixed-Use Property on Behalf of ING Financial
Santa Cruz, Calif.–Berkadia Commercial Mortgage originated $7,500,000 in permanent, fixed-rate debt for the refinance of 1200 Pacific Avenue, a mixed-use property in Santa Cruz, Calif.
Free-up Building Development Dollars
Conventional framing techniques use about 15 percent to 20 percent more framing material than is structurally needed.
‘Foong on Finance’: Foreclosure Fears
There is now bubbling under the surface the possibility of another banking crisis, a home foreclosure-generated crisis.
Condos Lead NYC Residential Rebound
New York–New York’s residential sales market, led by condos and cooperative apartments, continued its rebound during the third quarter of 2010.
Joe E. Greenhaw Jr. Joins Cohen Financial’s Loan Administration As EVP
Chicago–Cohen Financial recently appointed Joe E. Greenhaw, Jr. as executive vice president of its Loan Administration department. Along with partner and executive vice president Tim Mazzetti, and partner and executive vice president Dean Wheeler, Greenhaw will lead the strategic expansion of the firm’s asset management and special servicing business. Prior to this appointment, Greenhaw was at Prudential Asset Resources where he served as vice president for four years and was involved in the management of a $66 billion servicing portfolio comprised of balance sheet, CMBS, Fannie Mae, FHA, Freddie Mac and third-party loans. During 2010, Greenhaw was focused on Prudential’s…
Property Managers Use PooPrints to Get Pet Owners to Clean Up after Their Dogs
Knoxville, Tenn.–PooPrints is a dog DNA identification program from BioPet Vet Lab built on a solid scientific foundation.