Prominence

Developers Anticipating the Return of Multifamily Property Buyers to the Yucatan

Tulum, Mexico–With recovery, the promoters of such properties are once again optimistic.

Three Investment Sales Professionals Join NorthMarq in Philadelphia

Minneapolis–NorthMarq recently hired Joe Verdejo and Jim Sheehan as senior vice presidents, with Valerie Falco serving as the team’s client coordinator. They will focus on representing sellers and buyers of multifamily properties in Pennsylvania, New Jersey and Delaware. “We are very excited for this team to join NorthMarq,” says Mike Ohmes, executive vice president, transaction and advisory services for NorthMarq. “Greater Philadelphia is an important location to add to our growing national investment sales practice. We look forward to the synergy that will develop between this experienced investment sales team and our existing capital markets and real estate advisory professionals…

Web Feature: Tools for Preserving Aging Affordable Housing

New York–Many factors come together in the preservation of affordable housing.

Glass House Secures LEED Certification

Dallas–The Glass House has just been awarded LEED certification from the USGBC.

Recap Opens NYC Office

Trehubenko talks to MHN about the decision to open a New York office and the kind of deals taking place in the market here right now.

Another Luxury Rental Makes Its Way into Manhattan

New York–Ohm is located at 312 11th Avenue, just one block from the green expanse of the soon-to-open Hudson River Park.

Norman A. Eastwood Promoted to SVP of Investments at Marcus & Millichap

Dallas–The board of directors of Marcus & Millichap Real Estate Investment Services has promoted Norman A. Eastwood to the position of senior vice president investments. This is one of the highest levels of recognition the firm awards to its investment specialists. The designation represents excellence in the development and servicing of long-term client relationships, according to Tim A. Speck, regional manager of the firm’s Dallas office. Most recently, Eastwood held the position of first vice president investments. Eastwood began his career with Marcus & Millichap 23 years ago, specializing in the sale of multifamily investment properties.

Atlanta Condo Property Obtains FHA Approval

Atlanta–The condominium market is changing, finally.

Freddie Mac Names Jerry Weiss EVP, Chief Administrative Officer

McLean, Va.–Freddie Mac named Jerry Weiss to the newly created position of chief administrative officer (CAO). Weiss will continue to serve as the company’s chief compliance officer and oversee the Compliance, Economics and Strategy, Regulatory Affairs and Mission divisions. As CAO, he will also manage two additional functions – External Relations and Human Resources. Weiss will continue to report directly to CEO Charles E. “Ed” Haldeman, Jr., as a member of Freddie Mac’s management committee. “Creating a CAO position aligns functions that position Freddie Mac as an effective means of support for our housing mission and responsible stewards of taxpayer…

Affordable Project in OC Garners Council Approval

Irvine, Calif.–Jamboree Housing Corp.’s development of a 70-unit affordable housing community in Buena Park, Calif., took a big step forward.