News
After Loan Default and Foreclosure, The Sheffield is Back with New Sponsors
New York–The Sheffield is undergoing renovations in all its unsold units.
DEAL OF THE DAY: Chozick Realty Brokers Apartments for Record-Setting $79,487/Unit
Bristol, Conn.–Chozick Realty, Inc. has completed the sale of Brookside Apartments in Bristol, Conn.
ARA Opens Portland, Ore. Office, Expands Northwest Presence
Portland, Ore.–Atlanta-headquartered Apartment Realty Advisors (ARA) recently opened its Portland, Ore. office, under the leadership of Gail Neuburg, former co-owner and operator of Portland-based Tilbury, Ferguson & Neuburg, Inc. This is ARA’s 20th location and expands its existing Northwest presence—ARA’s Seattle, Wash. office opened in 2007. According to Neuburg, “The ARA platform will substantially enhance our service delivery to our clients by allowing us to immediately leverage off of the relationships, knowledge and infrastructure of this powerful team of brokers.” Neuburg and her team will continue to specialize in representing both institutional and private capital owners and investors in the…
HUD Puts Grant Money Behind New LEED Standard
Washington, D.C.–The goal of LEED-ND is to help reduce sprawl, decrease automobile dependence, encourage healthy living and protect threatened species.
Germany’s Passive House Standard Gains Momentum?
Dresden/Darmstadt, GERMANY–The Passive House standard was conceived in Germany.
DEAL OF THE DAY: HFF Arranges $18M Financing for Manufactured Housing Community
San Diego–HFF (Holliday Fenoglio Fowler LP) has arranged $18 million in financing for The Highlands.
Sheldon Good & Company to Auction Six New Jersey Apartment Buildings
New York–The assets are being sold as part of the Chapter 11 bankruptcy of select rental complexes.
Berkadia Commercial Mortgage’s Mike Bryant to Serve on Freddie Mac Advisory Council
Dallas–Senior vice president/branch manager Mike Bryant of Berkadia Commercial Mortgage’s Dallas office, has joined the Freddie Mac Program Plus Advisory Council for a two-year term. The advisory council members work as advisors to Freddie Mac on market issues, programs and process issues. Bryant has 30 years of real estate experience and has originated more than $1 billion in commercial real estate loans over the past six years. A specialist in multifamily real estate finance, Bryant is a top originator of loans through Berkadia’s Freddie Mac and Fannie Mae programs. “With his extensive multifamily finance experience, Bryant will be a great…
Economic Recovery Is Taking Strong Roots in Inner Cities
James Brooks talks about what the Inner City 100 recognition means to the company and why he thinks cities are powerful economic engines.
A Primer on Real Estate Private Equity Fund Formation and Operations – Part I
In order to be in a position to take advantage of a market rebound, they are going to need to raise new equity capital.