Regions
Red Capital Group Shares Mid-Year Multifamily Review & Outlook Report
Red Capital Group, LLC, has posted on its website its Research Team’s most recent multifamily housing industry report titled “Multifamily Housing Industry 2011 Mid-Year Review and Second Half Outlook Report.”
TODAY’S DEALS: IPA Sells 64-Unit Community for $14.85M
Institutional Property Advisors arranges the sale of a Newport Beach community; Essex Realty Group sells a 20-unit walk-up in Chicago; and HFF is named to market the sale of an Ohio portfolio.
Michaels, LINC Housing Kick Off $23M Affordable Seniors Housing Project in Oakland
The Michaels Development Company and LINC Housing Corporation will soon add 119 rental residents to West Oakland’s affordable housing pool.
Oklahoma City Apartment Property Seeks Buyer
Recently ARA was tasked to take the 708-unit Lincoln at Central Park apartment property in Oklahoma City to the investment market to look for a buyer, and has ‘found interest from most every investor type.’
TODAY’S DEALS: Colliers Negotiates Sale of 224-Unit Community in Phoenix
Colliers negotiates the sale of a Phoenix community for $8.3 million; Capital Senior Living completes two mortgage financings totaling $23.8 million; and Marcus & Millichap brokers the sale of a 214-unit community in Connecticut.
MARKET SNAPSHOT: Large Number of Institutional Deals Hit Seattle Market
Seattle–The Seattle market has weathered the recessionary storm well, according to Kenny Dudunakis, senior partner in Hendricks & Partners’ Seattle office.
David Brickman Takes Over as Head of Multifamily at Freddie Mac
David Brickman was named senior vice president, multifamily, at Freddie Mac in June, succeeding Michael May.
Editor’s Note: The Industry Steps Out to Celebrate the MHN Award Winners
Editor-in-Chief Diana Mosher discusses the winners of the 2011 MHN Excellence Awards.
MHN Interview: Bud Malone, CEO of Mortgages USA
MHN interviews Bud Malone, CEO of Mortgages USA, who describes the current outlook for multifamily and explains why he considers rentals ‘a great wake up from the American Dream.’
AvalonBay Begins Work on Back Bay Apartments
AvalonBay Communities has broken ground on Avalon Exeter in Boston’s Back Bay neighborhood, with 52 units slated to be affordable housing.