Northeast
Take the MHN Survey: How did the homebuyer tax credit program affect your portfolio?
Did you lose residents who left to purchase homes or are you losing fewer residents now that it has expired.
Enterprise Names Robert Grossinger Vice President, National Foreclosure Response
Columbia, Md.– Robert Grossinger will join Enterprise Community Partners, Inc as vice president for national foreclosure response. Grossinger joins the company from Bank of America, where he was senior vice president in the corporate social responsibility group overseeing the bank’s neighborhood stabilization efforts, including its Real Estate Owned sales to Neighborhood Stabilization Program (NSP) recipients. As vice president for national foreclosure response, Grossinger will work with a broad set of partners to provide thought leadership on an appropriate response to the foreclosure crisis as well as identify opportunities for earlier intervention prior to foreclosure. He will oversee the implementation of…
Demand Perks Up, Ground Breaks on Phase Two of Palmer Hill Condos
Stamford, Conn.–Buyers do not appear to be dissuaded by the price tags attached to the Palmer Hill residences.
Fannie, Freddie Booted Off New York Stock Exchange
Washington, D.C.–As of early July, mortgage giants Fannie Mae and Freddie Mac will no longer trade on the NYSE.
Gus Poulopoulos Joins NAI Global’s NYC Office as Executive MD
New York–Gus Poulopoulos has joined NAI Global’s New York City office as executive managing director for corporate services. Before joining NAI, Poulopoulos was a founding partner at United Systems Integrators Corp. (USI) in 1991. In 2005, Poulopoulos and his partners sold USI to Johnson Controls, where he continued to serve as a vice president responsible for real estate delivery.
Multifamily Starts Show Monthly Surge, Annual Decline
Washington, D.C.–New multifamily units started nationwide in May were at an annualized rate of 112,000 in May.
DEAL OF THE DAY: Two Communities Sold for $10.7M
Harrisburg, Pa–The Kislak Company Inc. has completed two multifamily transactions totaling nearly $10.7 million.
CEO of Campus Apartments Receives Ernst & Young Entrepreneur Of The Year Award
Ernst & Young’s Entrepreneur Of The Year has expanded to recognize business leaders in over 135 cities in 50 countries.
DEAL OF THE DAY: Mortgage Equicap Supplies $13M in Capital for Condo Conversion in New York City
New York–Mortgage Equicap has arranged a $13 million bridge loan and preferred equity investment.
Tower Cos. Develops ‘Ecopads’ for Green-Conscious Renters
Silver Spring, Md.–Will green features in apartment residences attract renters in a market with a fair amount of choice?