Northeast
MBA Appoints Gail Cardwell SVP of Commercial/Multifamily
Gail Cardwell has been appointed senior vice president of Commercial/Multifamily of The Mortgage Bankers Association (MBA).
Mixed-income Development May Point Way to Affordable Housing Development in NYC Suburb
With a median single-family home sales price of nearly $600,000, many residents, and want-to-be residents, of Westchester County, N.Y. struggle to find housing that is affordable.
DEAL OF THE DAY: Home Properties Prepares for More Acquisitions with 6.3% Cap Rate Transactions
Westminster, Md.– Home Properties Inc. says it has purchased the 208-unit Middlebrooke Apartments and the 110-unit Westminster Apartments from the original developer and owner of the two properties. “There finally are more acquisition opportunities in our key markets,” says Edward J. Pettinella, president and CEO of Home Properties. “We see great potential in these two properties, which we project will have a low double-digit internal rate of return. We hope to accelerate the pace of property purchases during the balance of the year.” Both apartment communities are located in Westminster, Md. Westminster is now called Westbrooke Apartments. Both Middlebrooke and…
Web Feature: Technology and Internet Are Shaping The New Leasing Center
Leasing centers have come a long way
Transactions, Development Fell Precipitously in 2009, NMHC Rankings Reveal
Apartment development and transaction volume levels both took a huge dive from previous year’s levels in 2009 due to the Great Recession,
Growing Business Is Key Concern Among For Real Estate Firms
More than half the respondents (58 percent) identify growing the business as their top business challenge
MARKET SNAPSHOT: Boston Apt. Market Positioned to Bounce Back this Year
Apartment transaction volume in the Boston metro area has been very slow
Pending Home Sales Rise Points to Improving Economy, Economist Says
The rise in pending home sales in February is largely due to slow but steady improvement in the U.S. economy,
DEAL OF THE DAY: Pacific Housing’s $52M Project Will Restore, Retain Affordable Housing in East Harlem
Pacific Housing Advisors acquired
CAS Financial Advisory Becomes Recap Real Estate Advisors
CAS Financial Advisory Services is in the process of rebranding as Recap Real Estate Advisors