News
Web Feature: Are You Marketing to All Prospects in the Melting Pot?
New York–The renters of tomorrow look very different but the industry isn’t exactly doing..
REIT CEO Compensation, Including Multifamily, Grew in 2009
New York–REIT CEO bonuses saw shifts to cash and equity percentages.
San Fran Board of Supervisors Helps Mixed-Use Project Clear Last Hurdle
San Francisco–Plans for 900 Folsom, a 450-unit mixed-use residential development..
DEAL OF THE DAY: Bernard Financial Sources $13M Financing for Mich. Property from Life Insurance Co.
Bernard Financial Group arranged a $13,000,000 loan for the Westlake Apartments. The financing comes from Minnesota Life insurance Co.
Kettler Property Wins PARAGON Community of the Year
Arlington Va.–Kettler Management’s The Metropolitan at Pentagon City in Arlington, Va., was named National Apartment Association’s (NAA) PARAGON Community of the Year.
MARKET SNAPSHOT: With Pricing Hitting Bottom, Phoenix Investors Pick Up the Pace
Phoenix–The city’s economy hasn’t recovered just yet; in fact, apartment rents and occupancies remain stagnant.
Search for Apartments on the iPad-There’s an App For It
Norfolk, Va.–The application mimics a realistic apartment search experience for prospective renters.
DEAL OF THE DAY: NorthMarq Finds $12.29M in Permanent Financing for Distressed Property
Las Vegas–NorthMarq Capital’s San Diego regional office arranged first mortgage financing of $12.293 million for Summerlin Entrada Apartments.
Park Slope Condos Go For New LEED Midrise Certification
New York–After acquiring a teardown on Dean Street, Trident decided that its six-unit condo project would serve as a pilot for green design in future developments.
MHN Interview with Laura Khouri: Maintaining Balance Between Rents and Occupancy Is Key Challenge with Property Management
Irvine, Calif.–Laura Khouri succeeds Thomas K. Shelton as president of Western National Property Management.