News
Bob Greer Tapped to Be Vice Chair of NAHB’s Housing Credit Group
Robert Greer, president of Michaels Development Co., has been appointed vice chair of the National Association of Home Builders’ (NAHB) Housing Credit Group. He will assume chairmanship of the group in 2011.
Andrew Tate Joins Colliers International’s Phoenix Office
Colliers International–Greater Phoenix has hired Andrew Tate in the Phoenix office as senior vice president of multifamily investments. Tate has specialized exclusively in the sale of multifamily properties in metro Phoenix for the past 20 years.
West Coast City Implements Major Smart Water Management System
Santa Clarita is all set to roll out the world’s-largest Smart Water Management implementation.
MARKET REPORT: Philadelphia Remains Relatively Healthy Apartment Market
The basic apartment fundamentals in Philadelphia are stronger than most other metro areas in the nation, asserts Joseph Pasquarella, managing director of Integra Realty Resources-Philadelphia, a commercial real estate valuation and consulting firm.
America on Sale: Foreign Investors are Cashing In
Doomsday predictions in the U.S. commercial real estate market are becoming more prevalent on a daily basis and the potential for commercial mortgage defaults is said to reach $1 trillion by 2012.
Case Study: Becker + Becker Adaptive Reuse Project
With so many moving parts, adaptive reuse projects frequently take longer to get off the ground and they involve unforeseen challenges—but the results can be more interesting than those found in new construction. “We [also] think that redeveloping historic buildings is an inherently green strategy,” says Bruce Becker,AIA, AICP, President of Becker + Becker, whose Fairfield, Ct-based firm developed, designed and planned The Octagon, a high-profile adaptive reuse project in New York.
Suit Regarding Multifamily Accessibility Settled Before Trial
A settlement has been reached between the U.S. Department of Justice and a Knoxville company and other defendants in a lawsuit over whether the design and construction of 21 multifamily housing complexes in Tennessee discriminated on the basis of disability.
DEAL OF THE DAY: Deutsche Bank Berkshire Closes $17.8M Construction/Permanent Financing for Garden-Style Apartments
Deutsche Bank Berkshire Mortgage (DBBM) arranged a $17.8 million Federal Housing Administration (FHA)-insured loan for the construction of Callis Hills Apartments, a proposed 210-unit garden-style multifamily community in Lebanon, Tenn.
30 Condos Hit the Auction Block in Suburban N.J.
A total of 30 condominium residences located in East Orange, N.J. will be offered at a developer close out auction on April 18th by Sheldon Good & Co.
We Push Our Rents As Much As We Can
Debbie Vail, regional manager of Dominium Management Services, talks to MHN about the challenges she faces and why she believes a focus on customer service is key to the success of the company.