News
Real Estate Transaction Flow to Increase, Advisory Group Predicts
The velocity of real estate transactions should improve this year, with property pricing to stabilize as liquidity returns to the marketplace, with REITs playing a leading role in the revival, according to FTI Schonbraun McCann Group, the real estate advisory practice of FTI Consulting, Inc.
Insurance Companies Could Stand in for Commercial Banks As Financing Source in 2010
After a less than pleasant 2009, multifamily owners, developers and managers entered 2010 with grave reservations. While the free fall of the economy has ended, millions of people are left jobless and this will continue to have an impact on the multifamily sector, which depends heavily on household creation. So while most industry leaders are very optimistic about 2011 and 2012, they are sensing some hurdles in 2010. The good news is that opportunities are also being created.
Survey Finds Builders Still Doubtful about Economy’s Strength
A survey of builders and developers located in the Tri-State and Mid-Atlantic regions, as well as Pennsylvania and Florida, found that a majority is still not seeing an improvement in economic conditions.
Seniors Thinking About Seniors Housing Again?
Independent living seniors housing properties saw a mild uptick in occupancies between 2Q09 and 3Q09, from an average of 88.4 percent to 88.5 percent, according to the National Investment Center for the Seniors Housing & Care Industry.
DEAL OF THE DAY: NorthMarq Capital Arranges $3.610M Mortgage with No Prepayment Penalty Via Federal Credit Union
Cortland, N.Y.–Scott DeVinney, vice president of NorthMarq Capital’s Upstate New York regional office arranged a $3.610 million in first mortgage financing for Village Terrace Apartments, a 96-unit multifamily property located in Cortland, N.Y.
Exhale Opens First Residential Mind Body Spa in Landmarked Condo Project Manhattan House
Exhale, a mind body spa has opened its first residential location in New York at Manhattan House, the landmarked condominium on the Upper East Side.
Flipping Foreclosed Homes Big Trend for 2010
Pete Berman is the CEO of The Ruby Group. He talks to MHN about trends developers and owners should watch out for in 2010.
Emerald Creek Capital Funds $2,100,000 Bridge Loan in Georgia
Stone Mountain, Ga.–Emerald Creek Capital funded a $2.1 million loan to QR Capital. The proceeds were used to acquire and renovate Highland Forest Apartments in Stone Mountain, Ga.
Student Gets Free Rent For Whole Year at Campus Advantage Property
Premier USC university housing apartments, University Gateway, gave away an entire free year of housing to one lucky USC student. When the USC Sophomore, Pamela Ho, told her parents, they didn’t believe it.
Arbor Oaks Project Incorporates Soothing Colors, Windows to Eliminate Institutional Look
Architecture and interior design firm, Faulkner Design Group, has recently been chosen to provide interior design and planning services for Arbor Oaks at Crestview in Bryan, Texas.