Regions
Proposed FASB Standard Has Some U.S. Contractors Worried
Washington, D.C.–A proposed new accounting standard has some general contractors concerned that it might make it more difficult to proceed on construction projects as demand returns for new structures—such as multifamily.
Luxe List Home Adds 12 Atlanta Communities to Its 2010 List
Los Angeles–Luxe List Home has chosen 12 luxury apartment communities in Atlanta for inclusion in the 2010 Luxe List, an online residential resource that connects luxury rental customers with apartments in the U.S.
Brandywine Homes Rescues Stalled Redevelopment Plan in Garden Grove, Calif.
Garden Grove, Calif.–Where others have tried and failed, Brandywine Homes is succeeding.
DEAL OF THE DAY: Chozick Realty Brokers Sale of Property for $7.05M
Bloomfield, Conn.- Rick Chozick and Ryan Perkoski of Hartford based Chozick Realty Inc. arranged the sale of Wedgewood Apartments, located in Bloomfield, Conn. for $7,050,000.
‘Foong on Finance’: Historic Preservation Awards
The National Housing & Rehabilitation Association (NHRA) in association with the National Trust Community Investment Corp. has honored eight historic buildings in its annual awards ceremony.
Opportunistic Buyer Seeks Second-Tier Multifamily
New York–The feeding frenzy is on for trophy multifamily properties in top-tier markets.
With Money In Hand Education Realty Trust Starts $35M Student Housing Project in Pennsylvania
Mansfield, Pa.–Financing for the development of a new student housing project at Mansfield University in Mansfield, Penn., has just closed and, with, funds in place for the $35 million endeavor, developer Education Realty Trust Inc. has commenced construction.
DEAL OF THE DAY: Arbor Closes $2.7M Refinance for Small Loan
Mankato, Minn. – Arbor Commercial Funding, LLC recently funded a $2,866,500 mortgage under the Fannie Mae DUS Small Loan product line for the 70-unit complex known as Village Place Apartments in Mankato, Minn. The 10-year loan amortizes on a 30-year schedule.
MHN Interview With Evan Gladstone: High Demand for Foreclosed Multifamily Now
Evan Gladstone talks to MHN about distressed multifamily properties.
Apartment Market Weathered ’09 Reasonably Well: IREM
Chicago–Though the apartment industry has seen better years, 2009 wasn’t a terrible one in a number of ways for the industry, according to a new benchmarking study published by the Institute of Real Estate Management (IREM).