Prominence
Lane Company Expands Student Housing Outreach
Atlanta–Multifamily real estate firm Lane Co. has announced that it will expand its outreach into the student housing area.
John C. Santora Named CEO of Client Solutions at Cushman & Wakefield
New York–John C. Santora has been named chief executive officer, client solutions at Cushman & Wakefield. This is a new position overseeing one of the firm’s largest operating units. Santora, who has served as president and chief executive officer for the firm’s Americas region since mid-2008, had previously served as global chief operating officer. He is based in New York. “As we streamline our operations to emphasize quality and consistency of service on a global basis, Santora is uniquely qualified to drive our global corporate services business forward,” says Glenn Rufrano, Cushman & Wakefield’s president and chief executive officer. “Global…
Townhome Community Sees Increase in Prices, Sales in 2010
Barnegat, N.J.–Whispering Hills, an 85-acre multifamily community in Barnegat, N.J., is now 45 percent sold.
RealPage Executives Named in Broadband Properties MDU Technology Leaders Listing
Carrollton, Texas–The Broadband Properties MDU Hall of Fame recognized three RealPage Inc. executives for their contributions to multifamily broadband services. Steve Winn, RealPage chairman and CEO, and Henry Pye, vice president of Velocity Advisory Services, are named as Top 25 Leaders, and Keith Dunkin, vice president of YieldStar & MPF Research, was recognized as one of 10 Rising Stars. The MDU Hall of Fame, a distinction bestowed every four years, is a list of people in the multi-dwelling unit (MDU) industry and its suppliers who led, or provided input to, forward-looking management and technology teams. Scott DeGarmo, president and CEO,…
From the Blog: Does President Obama Want to Privatize Public Housing?
By Keat Foong, Executive Editor Whether you are for or against it, would anyone be really surprised if President Obama tries to privatize social security, or impose regressive VAT taxation, down the road? For now, President Obama wants to privatize public housing. That is one interpretation of his Preservation, Enhancement and Transformation of Rental Assistance Act (PETRA). PETRA proposes to convert public housing—on a voluntary basis, it is emphasized—to project-based Section 8. This may be a boon to private multifamily owners and developers. Bankers also stand to benefit under the Act. Think of the immense, publicly owned, housing stock that is…
Tax Expert, Capitol Hill Veteran Matthew Berger Joins NMHC Lobbying Team
Washington, D.C.–Matthew M. Berger has been named vice president of tax for the National Multi Housing Council (NMHC). Berger will have principal responsibility for federal tax legislation as part of the Joint Legislative Program of NMHC and the National Apartment Association (NAA). Berger brings extensive public and private sector experience to the position. Most recently, he served as economist and press secretary for the U.S. Senate Committee on small business and entrepreneurship, where he was Senator Olympia Snowe’s principal advisor on taxes, the economy and the federal budget. Prior to that he was National Tax Manager for Deloitte Tax LLP in Washington,…
Mary Alex Blanton Receives NCB’s 2010 Spirit of Cooperation Award
Washington, D.C.–NCB has named Mary Alex Blanton as the 2010 recipient of NCB Spirit of Cooperation Award. The honor was presented to Mary Alex at the Bank’s annual meeting held at The Ronald Reagan Building and International Trade Center in Washington, D.C. “Blanton’s contributions to the bank and the cooperative community for over a decade are countless,” says Charles Snyder, president and CEO of National Cooperative Bank. “She has played an instrumental role in the development and marketing of numerous new products, most recently the National Credit Union Foundation deposit program and Mission Deposits, which provide beneficial banking options for…
NWP Services Corporation Acquires Vertex Multifamily Services Division/CBSI
Tampa, Fla.–NWP Services Corporation (NWP) has acquired the Multifamily Services Division (CBSI) from Vertex Business Services. CBSI is a Tampa-based provider of billing, energy management, and meter installation and maintenance services to multifamily housing communities and commercial real estate properties. The acquisition extends NWP’s market leadership in utility billing, cost recovery and utility management for the multifamily housing industry. “We are pleased with the completion of this acquisition and for what it means to our company’s continued growth, but more importantly for what it provides for our new customers,” says Michael Radice, president and CEO of NWP. “Our additional services…
Trump Plaza Jersey City Reaches 55% Sales Level
Trump Plaza Residences Jersey City has reached the 55 percent sales level, with 16 residences sold in March and April.
Riverstone Residential Group Assumes Management of Five Multifamily Properties
Dallas—Riverstone Residential Group has assumed management of five properties in Los Angeles, San Francisco, Seattle, and Portland. Riverstone’s new properties include Watermarke Tower, a 35-story, 214-unit, high-rise apartment residence in downtown Los Angeles; Gardens at Wilshire Center, a 159-unit, mixed-use apartment residence in the Wilshire Center/Koreatown area of Los Angeles; Argenta, a 20-story, 179-unit, high-rise apartment residence in downtown San Francisco; The Bravern, a 33-story, 232-unit, high-rise apartment residence in Bellevue, Wash.; The Ardea, a 323-unit, mid-rise apartment residence in the South Waterfront district of Portland, Ore. The communities will be managed by Riverstone’s Western Division, led by Mike Dow,…