News
Three Investment Sales Professionals Join NorthMarq in Philadelphia
Minneapolis–NorthMarq recently hired Joe Verdejo and Jim Sheehan as senior vice presidents, with Valerie Falco serving as the team’s client coordinator. They will focus on representing sellers and buyers of multifamily properties in Pennsylvania, New Jersey and Delaware. “We are very excited for this team to join NorthMarq,” says Mike Ohmes, executive vice president, transaction and advisory services for NorthMarq. “Greater Philadelphia is an important location to add to our growing national investment sales practice. We look forward to the synergy that will develop between this experienced investment sales team and our existing capital markets and real estate advisory professionals…
Developers Anticipating the Return of Multifamily Property Buyers to the Yucatan
Tulum, Mexico–With recovery, the promoters of such properties are once again optimistic.
Web Feature: Tools for Preserving Aging Affordable Housing
New York–Many factors come together in the preservation of affordable housing.
Behringer Harvard Buys Three Apartment Properties in Three Days
Dallas–Acting through Behringer Harvard Multifamily REIT I Inc., Behringer Harvard went on a shopping spree this week, snapping up not one, not two, but three luxury apartment properties in three separate transactions.
DEAL OF THE DAY: Hendricks & Partners Negotiates Sale of Active-Adult Mixed-Use Apartments for $18.75M
Hendricks & Partners participated in the sale of FountainGlen at The Villa, located at 4000 South El Camino Real in San Mateo, Calif. The 135-unit mixed-use senior apartment and retail community was sold for $18,750,000.
Glass House Secures LEED Certification
Dallas–The Glass House has just been awarded LEED certification from the USGBC.
Integra Survey: Multifamily Valuations Have Stabilized; Will Go Up
New York–Commercial real estate has been looking for that elusive turnaround ever since the Panic of 2008.
MARKET SNAPSHOT: Madison, Wis. Looks to See How Shadow Market Affects Rentals
Madison, Wis.–The Madison, Wis. apartment has hit the bottom.
Fundamentals of Multifamily Look Promising: CoStar Webinar
Chicago–Vacancies fell in the largest markets 30 basis points in the first six months of 2010.
Pending Home Sales Begin Anticipated Decline
Washington, D.C.–The National Association of Realtors (NAR) had predicted months ago that the surge in home sales in the U.S. would not make it through the summer, and so it has not.