Regions
Alexander Biagoli Appointed Director in Arbor’s NYC Office
Arbor Commercial Funding LLC has appointed Alexander Biagoli to director in Arbor’s New York City office. Biagoli is responsible for originating loans nationwide using Arbor’s complete product portfolio, with a specialty in Fannie Mae DUS and FHA transactions. He reports to Ken Fazio, vice president, National Sales Manager.
Lettire Presses on With NYC Affordable Housing
Private housing developers like Lettire Construction are pressing forward with affordable housing projects in the city.
MHN Interview with Stuart Saft: “There Will Be Large Number of MF Foreclosures by Mid-Year”
Stuart M. Saft is the new Chair of the Global Real Estate Practice at Dewey & LeBoeuf. He talks to MHN about the impending foreclosure crisis in the multifamily sector.
DEAL OF THE DAY: Boston Capital Invests in Affordable MF Development in Calif.
Boston Capital provided equity, and construction and permanent loan, for Summer Hill Place, which will be a 50-unit multifamily development in Fresno, Calif.
MyNew Place, Walk Score Form Partnership to Boost Walkable Communities
Apartment dwellers have typically focused on factors such as the length of their commute to work and the quality of schools when choosing which community to live in. But, a community’s walkability also seems to be playing a larger role in the decision-making process.
DEAL OF THE DAY: Forest City and Bernstein Management Joint Venture on 3 Properties at 6.5% Cap Rate
Washington, D.C. –Forest City Enterprises Inc. created a joint venture with Bernstein Management Corp. for ownership of three residential multifamily properties, totaling 1,340 rental units, in the Washington, D.C. metropolitan area.
Edge Principal Advisors Announces Multifamily Investment Platform
Edge Principal Advisors LLC has launched a multifamily investment platform. Edge will target institutional quality apartment communities located in select markets the firm expects to benefit from outsized rental demand over the next several years.
Maureen Friar Replaces Conrad Egan as President, CEO of NHC
Maureen Friar has been named president and CEO of the nonprofit National Housing Conference (NHC). Friar has established a distinguished and successful career in the housing field.
Kimidar Group to Develop Residential Property in Hurghada, Egypt
Kimidar Group, a developer as well as a major tour operator in Egypt, has unveiled plans for Golden Park Resort & Spa, in Hurghada, Egypt, on the Red Sea. The property will consist of apartments, villas and penthouses in a resort setting, with 300 residences for sale in the first phase.
Forest City, Bernstein Management Strike JV for D.C. Apts.
Forest City Enterprises Inc. has formed a joint venture with Bernstein Management Corp.