Northeast
Submeters Save Energy, According to NYC Demonstration
New York–Does submetering at an apartment complex reduce energy usage throughout the property?
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…
DEAL OF THE DAY: Marcus & Millichap’s Special Asset Services Brokers $25.5M Whole Loan Sale in Bergen County, N.J.
Elmwood Park, N.J.–It is a four-property garden-style apartment portfolio.
Deadline for MHN Awards has been extended to July 8!
Finalists will be announced in August and winners will be published in Multi-Housing News Magazine and MHN Online Daily.
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.