Kevin O’Hearn

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  • Mack-Cali Buys NJ Apartment Property for $46M

    Mack-Cali Realty Corp. has acquired Park Square, a two-building, 159-unit multifamily property in Rahway, N.J. The community, which includes a parking garage and about 6,000 square feet of retail space, traded hands for about $46.5 million.

    Northeast 25 November 2013 13:24
  • HFF Closes Sale of N.J. Development Site

    A 25.4-acre fully approved site trades hands; Clarion Partners buys a student housing asset in Tucson; and Meridian Capital negotiates $43 million in financing for properties in New York.

    National 29 October 2013 19:06

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  • Rent Growth

    U.S. monthly rents were flat in September, remaining at $1,354, yet they continue to decelerate on a year-over-year basis. Rents were up 2.2% nationwide in September, a 10-basis-point decline from August. After a strong first half, in which average rents grew by $33, they experienced a summer slowdown, increasing by only $1 in the third quarter.

    30 October 2017 13:02
  • Economy Watch: Employment Stable in Most States

    Unemployment rates were higher in August in only eight states, lower in one state, and stable in 41 states and D.C., according to the Bureau of Labor Statistics latest jobs report.

    18 September 2017 13:11
  • Suburban Philly Property Trades for $34M

    The apartment community was part of the Rental Assistance Demonstration program and received a 20-year subsidy contract. The previous owner improved multiple aspects of the 1950 buildings.

    20 October 2017 14:03
  • Demand Outpaces Supply in Salt Lake City

    Driven by robust population growth and low unemployment, Utah’s largest city is rapidly expanding, generating healthy housing demand. It continues to appeal to major employers, such as Amazon, UPS and big-brand companies based along the Wasatch Front.

    31 July 2017 13:52
  • Walker & Dunlop Arranges $86M for Portfolio Upgrade

    The financing will support the renovation of 1,208 units in Florida and Texas, as well as enable the borrowers to recapitalize the assets and handle deferred maintenance.

    17 August 2017 18:58
  • Employment Picture

    Year-over-year, the largest difference for employment was in the Professional and Related occupations with a rise of 4.6 percent.

    24 July 2017 15:46
  • Pathfinder Completes Luxury Condos at Sky Las Vegas

    The 390,000-square-foot Sky offers 409 units with a mix of one-, two- and three-bedroom floorplans. The building is conveniently located on the Las Vegas Strip.

    27 June 2017 15:04
  • Brokers’ Corner: Douglas Elliman Adds Top Broker

    The company has hired Jerry Huang, a former Goldman Sachs executive with more than a decade of financial experience. In his role, he will be focusing on condos and new developments.

    13 July 2017 14:53
  • BRIDGE Housing Promotes Susan Johnson to COO

    In this newly created role, Johnson will work to connect strategy, operations and procedures across the organization. Johnson has been with the company since 1983.

    06 July 2017 13:35
  • Medistar Brings Transitional Care Facility to North Houston

    Pi Architects are currently designing the 104-bed asset, which will provide various services, including skilled nursing focused on short-term rehabilitation care, assisted living and memory care.

    27 July 2017 17:36