News
DEAL OF THE DAY: Deutsche Bank Berkshire Provides $20M Freddie Mac Capital Markets Financing for Acquisition
Orlando, Fla.–Deutsche Bank Berkshire Mortgage (DBBM) provided a $20 million loan for the acquisition of Venue Apartments, a 306-unit garden-style apartment community located in Orlando.
Survey Finds Apartment Market Conditions Largely Unchanged, but Bright Spots Appear
Apartment industry market conditions are mostly unchanged from three months ago, according to the National Multi Housing Council’s latest Quarterly Survey of Apartment Market Conditions. But two key metrics, sales volume and availability of equity financing, showed some signs of improvement.
Marcus & Millichap Sees Opportunity in Helping Beleaguered Borrowers
Debt might be weighing down the commercial real estate business, but that doesn’t mean there isn’t opportunity posed by the problem.
Campus Advantage Communities Take Action to Support Haitians
Student residents of Campus Advantage properties have been working to raise funds for Haitian survivors.
NWP Services Corp. Validates Compliance with Payment Card Industry
NWP Services Corp. (NWP) has been validated compliant with the Payment Card Industry Data Security Standard (PCI DSS) as a Level 1 service provider. Trustwave performed the validation.
Darren M. Wolberg Joins KeyBank Capital Markets as Head of Mortgage Trading
Darren M. Wolberg has joined KeyBanc Capital Markets Inc. as head of mortgage trading, based in New York City.
Lenders Will Prefer Multifamily This Year: JLL Survey
Lenders are predicting that commercial real estate loan volume in 2010 will outpace that of last year by a considerable margin, according to the Jones Lang LaSalle’s annual 2010 Lenders’ Production Expectations Survey.
Disposers Can Play Important Role in Solving Food Waste Management Challenge
As the world’s largest manufacturer of food waste disposers, InSinkErator wants to make everyone understand the positive role food waste disposers play in environmentally responsible waste management.
DEAL OF THE DAY: Franklin Street Brokers Sale of Distressed Notes on Section 8 Properties
Tampa‑Franklin Street Real Estate Services has arranged the sale of distressed notes on a four-property multifamily portfolio formerly subject to Section 8 contracts.
Freddie Mac Unveils New Anti-Foreclosure Initiative
Freddie Mac and 13 nonprofit organizations have created a pilot program to persuade delinquent borrowers to pursue mortgage workouts to help them steer clear of foreclosure.