Regions
Today’s Deals: Centerline Provides $55M Bridge Loan for Oakland Asset
Centerline provides a $55 million bridge loan to an Oakland asset; a joint venture between Wood Partners and an institutional investor completes a disposition; and GFI sells a Brooklyn apartment building for $1.3 million.
Pennrose Selected as Winner of the Philadelphia Business Journal and The Forum of Executive Women’s Inaugural Advancing Women Award
Pennrose, a real estate firm developing and managing multifamily communities for over 35 years, announced that the Philadelphia Business Journal and The Forum of Executive Women have selected the company as the local winner for the Inaugural Advancing Women Award.
San Bernardino Housing Authority Selects Yardi Voyager to Manage its Public Housing Portfolio
Yardi announced today that the Housing Authority of the County of San Bernardino (HACSB) in California has selected Yardi Voyager™ as its property management and accounting platform.
Commercial and Multifamily Mortgage Debt Outstanding Increases for Fourth Straight Quarter
The level of commercial/multifamily mortgage debt outstanding increased by $6.6 billion, or 0.3 percent, in the third quarter of 2012, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association.
Michaels Development and the Housing Authority Develop Affordable Housing Community in South Camden
Michaels Development has teamed with the U.S. Department of Housing and Urban Development to open Morgan Village, a new 40-unit rental townhouse community serving low- and moderate-income families in the Morgan Village neighborhood of South Camden.
Downtown Cleveland Property Wins Preservation Prize
Saint Luke’s Manor in Cleveland recently won the National Trust/HUD Secretary’s Award for Excellence in Historic Preservation.
Economy Watch: Employment Index Slips
The Conference Board reported that its Employment Trends Index decreased slightly in November, making the fourth monthly drop this year.
Ken Uranowitz Named President of Gebroe-Hammer Associates
Ken Uranowitz has been named president of Livingston-based Gebroe-Hammer Associates, the region’s dominant commercial real estate brokerage firm, announced Chairman Alan Gebroe.
CPC Refinances Syracuse Apartment Community
The Community Preservation Corp. has provided a $5.48 million loan to refinance a mortgage on the Remington Gardens apartments in Syracuse.
TODAY’S DEALS: Chestnut Hill Acquires two Mass. Assets
Chestnut Hill Realty buys 581 units; Seagate Colorado Partners buys a 288-unit community in Colorado Springs; and Centerline Capital provides a $28.9 million Fannie Mae loan to refinance a luxury active-adult apartment property.