Regions
NAA Conference Report: How to Justify Technology Investment; Future Trends and More
New Orleans–The rise of social media and its role in shaping the way the multifamily industry adopts and uses technology cannot be ignored.
Colliers Expands Business into Seniors Housing Sector with Launch of New Group
Colliers International is turning its attention to one of the most solid commercial real estate sectors with the creation of its Seniors Housing Practice Group.
DEAL OF THE DAY: Walker & Dunlop Navigates Complex Leasehold Refi Loan
Lancaster, Pa. Walker & Dunlop provided a refinance loan of the leasehold interest on the Bentley Ridge Apartments located in Lancaster, Pa. The loan was structured with a 10-year term and a 30-year amortization. Walker & Dunlop says it was able to leverage over 20 years of Fannie Mae Multifamily underwriting experience in order to quickly address all issues involved with the transaction, including Fannie Mae leasehold guidelines, to position the borrower to lock in a low interest rate. Greg Cassel of High Real Estate Group, LLC comments, “We appreciate the opportunity provided to us by Walker & Dunlop in…
Fannie Mae Foresees Upturn in Multifamily Starts Soon
Washington, D.C.–Multifamily property starts are set to rebound in the coming quarters, according to the June 2010 Economic Outlook released this week by Fannie Mae’s Economic & Mortgage Market Analysis Group.
Submeters Save Energy, According to NYC Demonstration
New York–Does submetering at an apartment complex reduce energy usage throughout the property?
NAA Conference Report: How Can You Reduce Your Property’s Carbon Footprint?
New Orleans–First Step? Find out what your property’s carbon footprint is.
Enterprise Community Partners Names J. Ronald Terwilliger Chairman of the Board
Columbia, Md.–The Board of Trustees of Enterprise Community Partners, Inc. has elected J. Ronald Terwilliger to succeed Norman Rice as board chairman. Terwilliger has been a member of the Board of Trustees of Enterprise Community Partners since 2007 and currently serves as co-chair of the Enterprise Real Estate Leadership Council. He is also chairman emeritus of Trammell Crow Residential, a national residential real estate company and the largest developer of multifamily housing in the United States. “Terwilliger has been a member of our Board of Trustees and now as chairman will provide excellent guidance and leadership to Enterprise,” says Doris…
MHN Interview with Joel L. Altman: Smaller Apartments, Closer to Transportation Are the Future
Boca Raton, Fla.–MHN talked with Altman about getting through the worst of times.
Renters Look to Friends’ Recommendations When Hunting for New Digs
New York–Renters’ aren’t just looking at traditional advertising when searching for new apartments.
DEAL OF THE DAY: Marcus & Millichap Brokers Largest Exchange Funding Transaction in Texas Under American Recovery and Reinvestment Act
Austin–Marcus & Millichap Real Estate Investment Services brokered the sale of Malibu Apartments, a 218,600-square foot, 476-unit multifamily property in Austin.