News

Jersey City’s Trump Plaza Exceeds 50% Sales Mark

The 55-story Trump Plaza Residences in Jersey, City, N.J. has crossed the 50 percent threshold in units sold.

Why 2010 Is The Year of Property Management

As banks become accidental multifamily property landlords more than ever before through foreclosure and other unfortunate economic events, third-party property management is stepping in to be of service. Even in a recession, someone’s going to make money, and multifamily property managers want it to be them.

DEAL OF THE DAY: HFF Maximizes Proceeds on $105.4M Sale of Small-Balance Loan Pools to Individual Investors

HFF (Holliday Fenoglio Fowler LP) completed the sale of two small-balance commercial real estate loan pools totaling $105.4 million on behalf of a special servicer and a money-center bank.

Western National Property Management Appoints New Regional VP for Arizona Office

Western National Property Management has appointed industry executive Mark McElvain, CPM as regional vice president of property management for its Arizona office.

Terry Danner Is New President of Riverstone Residential

Riverstone Residential Group has named 21-year industry veteran, Terry Danner, as President. Danner will report to Walt Smith, Riverstone’s Chief Executive Officer, and oversee the company’s property operations while Smith directs the global operations, business strategy and board of director efforts for the organization.

Water Saving Showerhead from Moen Inc. Brand

Cleveland Faucet Group (CFG), a Moen Incorporated brand, has introduced its new Water Saving showerhead, designed specifically for the multifamily market.

Bill Granger Joins CTO of Walker & Dunlop

Bill Granger has joined Walker & Dunlop as chief technology officer in the company’s Bethesda, Md. headquarters. Granger will be responsible for Walker & Dunlop’s information technology infrastructure at a time of significant growth for the company.