Northeast
Outstanding Multifamily Mortgages Drop: MBA
According to a Mortgage Bankers Association analysis of Federal Reserve Board Flow of Funds data released over the weekend, multifamily mortgage debt outstanding dropped $11 billion, a 1 percent decrease, between the third quarter and fourth quarter 2009.
Recently Passed Senate Bill Addresses Low Income Housing Tax Credit Issues
While it may seem that Congress has been focused exclusively on health care legislation, a $100 billion jobs measure that passed the Senate on Wednesday contained several provisions important to the multifamily housing industry.
Michael Mullin Joins Integrated Business Systems
Michael Mullin has joined real estate automation systems provider Integrated Business Systems (IBS) in Fairfield, N.J. as vice president of sales and marketing.
Evergreen Equity Seeking Southern Multifamily Properties
Evergreen Equity Partners is going shopping for multifamily properties in the South, including Florida, North Carolina, South Carolina, Alabama and Texas.
New LEED Platinum Apt. Building in Conn. Opens Leasing Office
Residential leasing has begun at 360 State Street
Melrose Commons Earns First Stage II LEED-ND Silver in NYS
The United States Green Building Council (USGBC) has awarded LEED
DEAL OF THE DAY: NorthMarq Completes $38M in Co-op, Perm & Acquisition Financing
NorthMarq Capital arranged an $8,900,000 permanent loan
DEAL OF THE DAY: Marcus & Millichap Brokers $11.7M Sale of Property in Washington, D.C.
Marcus & Millichap Real Estate Investment Services sold The New Amsterdam, a 75,375-square foot multifamily and retail asset in Washington, D.C. The sales price of $11,750,000 represents $156 per square foot, or $130,556 per unit.
Palmer Hill Partners Adds New Phase to Conn. Devp.
Palmer Hill Partners is now preparing for a new phase of construction on the Palmer Hill luxury condominium community in Stamford, Conn., which will consist of a second condominium building with 27 homes, and 20 new townhomes.
New Miami Beach Condos Looking for Buyers
A revived condo development called Terra Beachside 6000 Collins, which is the only major condo project under way in the city of Miami Beach, according to its developer, has kicked off its sales effort.