Regions
Multifamily Construction Spikes in March
The U.S. Department of Commerce reported on Friday that housing construction bumped upward more than expected in March, driven in particular by multifamily development.
DEAL OF THE DAY: NorthMarq Capital Arranges $7.24M 2-Year-Interest-Only Mortgage
Greg Duvall, senior vice president and senior director of NorthMarq Capital’s Kansas City Regional office, arranged a first mortgage of $7,237,500 for Highland Ridge Apartments, a 219-unit multifamily complex located in Atlanta.
The Resident Portal: Are You Leveraging All Its Features?
A growing number of renters are seeking the efficiency and ease of the Internet
For Newer, Larger Products, There Is More institutional Interest, Says KeyBank’s Clay Sublett
Recently MHN spoke with Clay Sublett, national production manager, KeyBank Real Estate Capital, about the state of multifamily finance and the GSEs
2.5-Acre Mixed-Use Development Set to Change Landscape of Chicago’s Chinatown
Eastern Tower, a $100-million mixed-use development
MARKET SNAPSHOT: Downtown Phoenix May Be Only Bright Spot in Entire Market
Despite Phoenix’s reputation as having a high foreclosure
INVESTMENT: Eastern Consolidates Tapped to Exclusively Market Coop Buildings at Asking Price of $7.65M
A portfolio of 43 occupied cooperative apartments, 34 of which are located at the Towers at Water’s Edge luxury co-op community in Bayside, Queens, N.Y.; six in two elevator buildings in Jackson Heights and Forest Hills, N.Y.; and three in Manhattan’s historic Gramercy Park neighborhood, is on the market for sale at an asking price of $7.65 million.
Marc D. Schnitzer CEO and President of Centerline Resigns to Join Island Capital Group
Marc D. Schnitzer, CEO and president of Centerline will resign from all his roles at the company to join an affiliate of Island Capital Group LLC.
New Jersey’s First LEED-Gold Certified Affordable Project Will Incorporate Solar, Wind Energy
The Walters Group has finished construction
Haskell Begins Construction on Senior Apartments in Alhambra, Calif.
The Haskell Company has begun construction on 50 apartment homes at Atherton Baptist Homes