News
Fannie Mae Multifamily Investment Drops During First Half 2010
Washington, D.C.–During the first half of 2010, Fannie Mae, through its lenders and various other partners, provided $5.9 billion in investment to the multifamily rental housing market.
Pritzker Realty Group and The Bozzuto Group Form $75M JV to Acquire, Develop MF Properties
Atlanta–The group will invest in Class A Properties, mixed-use TODs as well as luxury rentals.
House Financial Services Committee Takes Key Step Toward Enacting Choice Neighborhoods Initiative
Washington, D.C.–The House Financial Services Committee took a key step toward the enactment of an Obama Administration priority, the Choice Neighborhoods Initiative. This proposal is designed to transform distressed neighborhoods and public and assisted housing developments into viable and sustainable mixed-income neighborhoods by linking housing improvements with appropriate services, schools, public assets and access to jobs. The initiative was passed on a 42 – 27 voted by the committee as part of a larger public housing measure (H.R. 5814) that also included proposals aimed at clarifying federal rules for replacement of demolished housing units, and providing new methods for financing…
MHN Interview with Jay Jacobson: The Miami Market is Really Strong Right Now
Jacobson talks to MHN about plans for the acquisition team and why he believes the South Florida market is the strongest he has seen in many years.
Freddie Mac Chief Economist Foresees Slow But Steady Recovery for Economy, Housing
Schaumburg, Ill.–Frank E. Nothaft, chief economist of Freddie Mac is optimistic that there is a recovery under way, positing that a double-dip recession is unlikely.
MF Industry Experts Blaylock and Lecocke Join Phoenix Property’s New Management Division
Dallas–The multifamily sector is in recovery mode and the student housing sector managed to keep its head above water during the crisis.
DEAL OF THE DAY: Beech Street Capital Provides $28.4M Refinance for Two Manhattan High Rises
Beech Street Capital LLC provided $28.4 million in permanent financing for the refinance of two multifamily properties in New York.
Survey: Most Tenants Don’t Bother With Renters Insurance
Chicago–According to a recent report by Apartments.com, most apartment dwellers don’t have renters insurance.
Wood Partners Is All Set to Build New Apartment Project in Atlanta Area
Atlanta–Wood Partners, L.L.C has purchased a 2.5-acre site in Sandy Springs, Ga., where it will build Alta Glenridge Springs, an upscale, 168-unit apartment community.
Ground Breaks on $34.9M Homeless Veterans Housing Project
Los Angeles–For Los Angeles County’s homeless veterans, a much underserved population, a new option will soon sprout in the city of Inglewood.