News
Multifamily Continues to be a Bright Spot in Commercial Real Estate
Multifamily is the only sector of commercial real estate that can expect increased demand in the second half of 2010.
Property Development Likely to Decline in European Markets
Mirroring recent headlines, ING’s latest “Investment Management Europe Report” suggests that the Greek debt crisis and the declining value of the euro will adversely affect property yields and threaten the recovery in the real estate market.
Ohio Apartment Complex to Be Refurbished with Recovery Act Funding
An aging affordable housing complex in Warren, Ohio is the first federal stimulus redevelopment project in the country to access Recovery Act funding from the U.S. Treasury’s Housing Finance Agency Initiative.
DEAL OF THE DAY: ARA Negotiates Sale of 17-Unit Student Housing Asset
Apartment Realty Advisors (ARA) has announced the sale of Rio Grande Square Apartments, a 17-unit community located in the heart of the University of Texas at Austin West Campus area.
Survey Finds that Renting is More Preferable to Owning in a Down Market
A majority of consumers, 76 percent, deem renting to be more favorable than owning a home in the current real estate market.
Orange County Sees Apartment Market Stabilization
According to a report released this week by real estate investment specialist Marcus & Millichap, the Orange County, Calif. apartment market seems to arrived at a point of stabilization.
David Borchardt Promoted to Tower Companies’ Chief Sustainability Officer
Rockville, Md.—The Tower Companies has promoted David Borchardt, P.E., LEED AP to Chief Sustainability Officer. Borchardt was hired in 2005 as Director of Sustainable Development, overseeing 1,400 apartments and 4.5 million square feet of office buildings, office parks, regional malls, residential communities, lifestyle centers, and hotels within the D.C. area. Most recently, Mr. Borchardt was invited, along with Jeffrey S. Abramso, to give a presentation at Harvard Business School, which has published a Case Study on the Tower Companies’ headquarters. He is an expert on environmental “green build” issues and is invited to speak at national meetings and forums. Accordingly,…
NWP Services Corporation Acquires Vertex Multifamily Services Division
NWP Services Corporation (NWP) today announced the acquisition of Multifamily Services Division (CBSI) from Vertex Business Services.
DEAL OF THE DAY: Arbor Closes $1,878,700 Fannie Mae DUS Small Loan
Arbor Commercial Funding LLC announced the recent funding of a $1,878,700 loan under the Fannie Mae DUS Small Loan product line for the 16-unit complex known as 1322 Commonwealth Avenue in Boston.
OliverMcMillan Revives Stalled Condo Project in Honolulu
Dozens of people reportedly camped out for as long as two days outside the sales office of the Pacifica Honolulu condominium project so that they would be among the first to snatch up a good deal.