News

The Resident Portal: Are You Leveraging All Its Features?

A growing number of renters are seeking the efficiency and ease of the Internet

For Newer, Larger Products, There Is More institutional Interest, Says KeyBank’s Clay Sublett

Recently MHN spoke with Clay Sublett, national production manager, KeyBank Real Estate Capital, about the state of multifamily finance and the GSEs

2.5-Acre Mixed-Use Development Set to Change Landscape of Chicago’s Chinatown

Eastern Tower, a $100-million mixed-use development

MARKET SNAPSHOT: Downtown Phoenix May Be Only Bright Spot in Entire Market

Despite Phoenix’s reputation as having a high foreclosure

INVESTMENT: Eastern Consolidates Tapped to Exclusively Market Coop Buildings at Asking Price of $7.65M

A portfolio of 43 occupied cooperative apartments, 34 of which are located at the Towers at Water’s Edge luxury co-op community in Bayside, Queens, N.Y.; six in two elevator buildings in Jackson Heights and Forest Hills, N.Y.; and three in Manhattan’s historic Gramercy Park neighborhood, is on the market for sale at an asking price of $7.65 million.

Marc D. Schnitzer CEO and President of Centerline Resigns to Join Island Capital Group

Marc D. Schnitzer, CEO and president of Centerline will resign from all his roles at the company to join an affiliate of Island Capital Group LLC.

Haskell Begins Construction on Senior Apartments in Alhambra, Calif.

The Haskell Company has begun construction on 50 apartment homes at Atherton Baptist Homes

Manhattan Multifamily Sales Volume Spikes in 1Q10

he dollar sales volume of multifamily properties in Manhattan more than doubled in the first quarter

DEAL OF THE DAY: American Residential Investment Purchases Two Properties from Lender at 9.5% Cap

American Residential Investment Partners has acquired two properties located in Chattanooga, Tenn.: the 68-unit Arlington East Apartments and 170-unit Concorde Apartments.