News
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.
Southern California Architecture Firm Sees Business Increase
Economists in the U.S. look almost daily for the so-called “green shoots” that could signal a sustained economic recovery.
DEAL OF THE DAY: Marcus & Millichap Arranges Speedy Sale of 8-Unit Apartment Property for $890,000
Rick Raymundo, Elliot Hassan, and Mike Hanassab of Marcus & Millichap Real Estate Investment Services facilitated the sale of an eight-unit apartment property in North Hollywood, Calif. The sales price of $890,000 represents a value of $111,250 per unit.
Illinois Launches Affordable Housing Preservation Initiative
The Illinois Housing Development Authority (IHDA) has launched a statewide initiative to preserve affordable rental homes in Illinois.
Owners, Managers Can Now Outsource Revenue Management to YieldStar
Property owners and managers often want to utilize revenue management without having to incur the costs and staffing to support it within their company.