Regions
More People Are Now Renting By Choice
Chicago–According to a new survey conducted by Apartments.com, a notable percentage of people actively looking to lease in today’s apartment market are not hunting because they have to rent but because they want to rent.
DEAL OF THE DAY: NorthMarq Arranges 35-Year, $15M Mortgage via AmeriSphere
Memphis, Tenn.–Sam Berns, senior vice president and managing director of NorthMarq Capital’s Upstate New York Regional office arranged first mortgage financing in the amount of $15,002,500 for Crescent at Wolfchase, a 200-unit multifamily property located here.
MHN Interview with Lisa Gelfand: Stimulus Money Helped Start Three Projects
Lisa Gelfand, principal at Gelfand Architects talks to MHN about the importance of the AARO funds in getting these projects done and the challenges in converting former these hotels into residential units.
DEAL OF THE DAY: Hendricks & Partners Oversees $1.7M Sale by Bankruptcy Trustee
Glendale, Ariz.- Hendricks & Partners participated the sale of The Courtyards Apartments, located at 6502 West Olive Avenue in Glendale, Ariz. The 108-unit apartment community was sold for $1,700,000.
NYC Doormen Receive Concierge Training at the Waldorf
New York–What does it take to be a better New York City doorman?
DEALS OF THE DAY: Waterton Buys $109.5M in Debt Backed by 4 Assets in North Carolina, California
Chicago– Waterton Residential has acquired $109.5 million of debt secured by four prime multifamily properties located in North Carolina and California.
Wyoming’s Casper College Signs Modular Builder for New $23.5M Student Housing Project
Casper, Wyo.–Casper College in Casper, Wyo., has decided to go modular for its latest student housing project.
State of New Orleans Housing Stock Since Katrina
New Orleans–In the five years since Hurricane Katrina struck the Gulf coast, the New Orleans metropolitan area lost 75,000 housing units or nearly 13 percent of its housing stock.
D.C. Condo Project Nears Completion; Mostly Sold
Washington, D.C.–In a show of good sales in a condo market that isn’t seeing the strongest of times, the Harrison, a 49-unit project in the Friendship Heights area of the District, reports that it has sold 70 percent of its residences.
Construction Kicks Off on $14.5M Affordable Seniors Housing Project in Baltimore Area
Brooklyn Park, Md.–In an effort to help answer the growing call for affordable seniors housing, Enterprise Homes Inc. is commencing construction of The Greens at Hammonds Lane, a 90-unit apartment community in Brooklyn Park, Md.