Regions
MHN Interview with TransUnion: As Delinquencies Rise, More Companies Are Using Expert Scoring Models to Mitigate Risk
Mike Mauseth and Steve Roe talk to MHN about changing risk strategies during the recession
DEAL OF THE DAY: ARA Brokers Sale of Bank-Owned Property for $50/Sq. Ft.
Multi-housing specialist Apartment Realty Advisors (ARA) recently brokered the $1,350,000 sale of a 34-unit property located at 1205-1225 Yukon Street in Lakewood, Colo.
Niles Bolton Associates and Rutgers Break Ground on Student Housing Development
Construction has begun on a $39 million, 501-bed student housing complex on the Busch Campus at Rutgers University.
Riverstone Names Patricia Bowen EVP of Compliance Services
She was in property management with AIMCO for the past 14 years
NMHC Survey Finds Strengthening U.S. Apartment Market
According to the National Multi Housing Council’s latest survey of the U.S. apartment market executives, the sales volume of apartment properties is up
Manhattan Condo Building Re-Launches
A Manhattan condo building, 650 Fifth Avenue, has been relaunched as The Cammeyer
DEAL OF THE DAY: Southern Calif. Apartment Property Changes Hands for $254,033/Unit
Marcus & Millichap Real Estate Investment Services brokered the sale of The Madison, a 90-unit, 118,874-square foot luxury apartment building in Rancho Palos Verdes. The sales price of $22,863,000 represents $254,033 per unit and $211 per square foot.
CWCapital Hires Allan Edelson
CWCapital is expanding its national multifamily lending platform through the hiring of Allan Edelson, senior vice president, and the establishment of a new lending office in Chicago.
Report Finds 17% of Birmingham Apartment Assets Are Distressed
As many as 9,000 units, or about 17 percent of Birmingham’s stock is considered distressed, according to a recent report issued on the Birmingham, Ala. apartment market.
Investment Group Acquires MF Financing Co. Red Capital Group
An investment group led by Dallas-based ORIX USA Corp. and including Stonehenge Partners of Columbus, Ohio