Regions
Seniors Housing Starts Plunge: NIC
Annapolis, Md.–For the year-long period ending March 31, 2010, seniors housing starts, including senior apartments, were down 32 percent nationwide from the same period a year earlier.
DEALS OF THE DAY: Investors Savings Bank Provides Construction Financings in New Jersey, New York, Pennsylvania Tri-State Area
Short Hills, N.J.–Here is one bank that is active providing not only acquisition, but also construction, financing in the tri-state area of New Jersey, New York and Pennsylvania. Investors Savings Bank’s Commercial Real Estate group says it recently completed financing for seven transactions.
MHN Interview with Ron Reitz: Read Insurance Policy and Have Plan before Disaster
Reitz talks to MHN about the basics of property insurance and what apartment owners need to keep in mind while choosing an insurance policy.
New Minneapolis-Area Apartment Property Focuses on Eco-Friendly Amenities
St. Louis Park, Minn.–The Ellipse on Excelsior, a 132-unit apartment community in St. Louis Park, Minn., has just opened its doors, offering tenants a few unique options for pursuing an environmentally friendly lifestyle.
Denver Conference Focuses on Affordable Housing Near Urban Transit
Denver–The relationship between expanding mass transit and the preservation of affordable multifamily housing was the subject of meeting of about 200 federal, state and local officials in Denver this week.
INVESTMENT: Transwestern Named Exclusive Sales Agent for 1,107-Unit Multifamily Portfolio
Bethesda, Md.–Transwestern’s Bethesda, Md.-based multifamily group has been named by United Investors Management Corp. as exclusive agent for the sale of a 1,107-unit multifamily portfolio located in Prince George’s County, Md.
Busy Summer Leaves Long Island Oceanfront Condo Property Nearly 60 Percent Sold
Long Beach, N.Y.–The summer proved to be a fruitful period at Aqua, an upscale 36-unit condominium property along the ocean in Long Beach, N.Y., about 25 miles southeast of Manhattan.
DEAL OF THE DAY: Walker & Dunlop Closes $13.8M Acquisition Loan
Atlanta–Walker& Dunlop provided a $13,800,000 acquisition loan for Lansdowne and Gladstone Towers located in Aldan, Pa.
U.S. Residential Group Expands Multifamily Management Portfolio
Dallas–Multifamily management specialist U.S. Residential Group, which has offices in Texas, California and Connecticut, recently won contracts for the management of over 8,300 units in 39 multifamily properties.
Adaptive Reuse Project Opens in SoCal
Marina del Rey, Calif.–Latitude 33, formerly an underperforming, institutional-looking office building, has been transformed into a modern luxury beach community.