Gerard Heiber joins the UIP Companies as president of UIP general contracting
Urban Investment Partners (UIP) of Washington DC is pleased to announce the appointment of Gerard Heiber, LEED® AP BD & C, as President of UIP General Contracting (UIPGC). With more than 30 years of senior...
Production volume and profits down in 2017 for independent mortgage bankers
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $711 on each loan they originated in 2017, down from $1,346 per loan in 2016, the Mortgage Bankers Association (MBA)...
Stiles wins big at BOMA Southern Region TOBY Awards
Stiles Property Management announced today they won three regional TOBY® (The Outstanding Building of the Year) awards at the BOMA Southern Region Conference held on April 7th at the Margaritaville Hollywood Beach Resort in...
$42.15 million apartment asset trades hands in Tampa
Institutional Property Advisors (IPA), a division of Marcus & Millichap announces the sale of Hanley Place, a 400-unit multifamily community located in Tampa, Florida. The $42.15 million sales price equates to $105,375 per unit. “Hanley...
Grubb Properties to join program bringing affordable housing to Chapel Hill
Grubb Properties will dedicate units at Glen Lennox Apartments in Chapel Hill, N.C. to be part of an innovative, community-based coalition bringing more affordable housing to the town. In partnership with the Chapel Hill-Carrboro Chamber...
Ecore whitepaper explores the most important piece of athletic equipment – the floor –...
Growing demand for access to modern fitness facilities is driving developers to include them in more multi-use buildings, where they often share an address – and walls – with neighboring offices, residential units or...
The NHP Foundation appoints Glynna Christian trustee Orrick Global Technology Transactions co-head joins organization
The NHP Foundation (NHPF) is pleased to announce that it has appointed Glynna Christian to the NHPF Board of Trustees. As Co-Head of the Global Technology Transactions practice at Orrick, Glynna brings to the Board of Trustees...
The front line in affordable housing
In 2012, Congress authorized RAD which allows PHAs and owners of other properties financed by the Department of Housing and Urban Development (HUD) to convert units from their original sources of HUD financing to...
Resource Apartment REIT III, Inc. purchases Tramore Village
On March 22, Resource Apartment REIT III, Inc., through a wholly owned subsidiary, completed the purchase of Tramore Village in Austell, Georgia. Built in 1999, the 324-unit community features numerous amenities, including two swimming...
Virginia multifamily asset in Hampton Roads sells for $24.5 million
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Meadowview Townhomes, a 400-unit multifamily asset in Newport News, Virginia....
Alliance Residential Company breaks ground on Broadstone Bryant Park
Alliance Residential Company, one of the largest multifamily developers in the country, has broken ground on Broadstone Bryant Park, a 345-unit luxury apartment community just west of Uptown Charlotte in booming FreeMoreWest. The project anchors...
Perseus TDC begins construction on 200 Stovall redevelopment
Perseus TDC and its partner Four Points LLC today announce construction has begun on the conversion of 200 Stovall St. in Alexandria, Virginia. ELV Associates, a Boston-based investment manager with a local D.C. office,...
WINLYND purchases apartment portfolio in Florida’s Panhandle for nearly $36 million
WINLYND LLC has acquired 1,031 apartments out of foreclosure located in Florida’s Panhandle for $35.68 million. The lender, Bank of Oklahoma, held six separate auctions. WINLYND won three of them and acquired a fourth...
UIP opens 100-unit renovated apartment community in former Washington, DC WAMU HQ
Urban Investment Partners (UIP) of Washington DC has unveiled Frequency Apartments, a 100-unit luxury apartment community located in a former northwest Washington, DC office building that housed National Public Radio affiliate WAMU. UIP acquired the...
Tampa Metro area ranks number one in Florida in Site Selection Magazine’s 2017 Top...
Site Selection Magazine’s recently unveiled Top Metros of 2017 positions the Tampa Metro area as number one in the state of Florida, placing higher than the competing cities of Miami and Orlando, and number...
