Patrick Fitzgibbon

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  • Real Money

    “A billion here, a billion there, and pretty soon you’re talking real money,” Everett Dirksen once said, and the legendary lion of the Senate would have to admit that $3.4 billion is a nice chunk of change. That’s how much multifamily property owners could save every year through energy efficiency upgrades, according to a 2016 estimate by the American Council for an Energy-Efficient Economy.

    03 October 2017 06:49
  • Coldwell Banker Acquires McMullen Real Estate

    The Chicago-area brokerage firm is the third to join Coldwell Banker in the past three months, following the acquisitions of Groebe Real Estate and Chicagoland Realty Services.

    22 August 2017 15:42
  • Michaelson Lands 2nd TN Community in Less Than a Month

    Michaelson Real Estate Group and Eklund Development acquired Viera Cedar Bluff, a 184-unit community in Knoxville. The deal is part of a portfolio that also included 520-unit community The Metropolitan.

    10 October 2017 21:37
  • Economy Watch: Construction Material Prices Still on the Rise

    Demand for construction materials remains high in the U.S., with positive wealth expectations creating confidence in real estate developers, according to a recent Associated Builders and Contractors report.

    14 September 2017 13:06
  • Strong Fundamentals Fuel Heavy Development in DC

    Young professionals, drawn by the metro’s well-paying jobs, are pushing up demand for upscale communities in transit-oriented and live-work-play areas. However, a robust construction pipeline—the third largest in the country—is maintaining a modest rent increase, raising concerns of overbuilding.

    27 September 2017 13:24
  • Economy Watch: Banks Tighten CRE Lending in Q1

    Banks cited a less favorable or more uncertain outlook for CRE property prices, vacancy rates or other fundamentals, as well as reduced risk tolerance as important reasons for tightening CRE credit policies in the first few months of 2017, according to the Federal Reserve's latest Senior Loan Office Opinion Survey.

    11 May 2017 14:13
  • CAPREIT to Manage 3 Miami-Area Affordable Communities

    All three were purchased for $59 million in March 2017 by the American Opportunity Foundation, which plans to invest in extensive upgrades.

    26 April 2017 15:05
  • JLL Arranges 430-Unit Vegas Sale

    Monogram Realty Trust sold Veritas Apartments in a transaction completed by JLL Vice Presidents John Cunningham and Charles Steele. Farnam Realty acquired the asset.

    09 August 2017 12:57
  • Contract Administration Key to Addressing Growing Rental Housing Demand

    Third-party contract administrators boost efficiency at HUD’s rental assistance programs and get scarce resources where they’re urgently needed, contends a former agency official.

    10 May 2017 16:10
  • Passco Shells Out $54M for Florida Community

    The buyer worked with a mortgage group to secure a 10-year acquisition financing for the deal.

    04 May 2017 13:48