Habitat for Humanity New York City and Almat Group break ground on Sydney House
Habitat for Humanity New York City, a major affordable housing developer and advocate for affordable homeownership in New York City, in conjunction with the Almat Group and the New York City Department of Housing...
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...
Draper and Kramer adds vice president/regional property manager to Texas team
Draper and Kramer, Incorporated, a national real estate services firm, is pleased to announce Amy Siebert, CPM, has joined the company as vice president and regional property manager. Siebert will be based in San...
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...
Can we tap the power of data to bring commercial real estate planning into...
The entire commercial real estate market can be a guessing game, where occupancies fluctuate along with real estate values. But what if you could tap the power of data science to better develop future...
Multifamily drop pushes total housing starts down as single-family makes gains
A decline in multifamily starts pushed overall housing production down 7.0 percent in February to a seasonally adjusted annual rate of 1.24 million units, according to newly released data from the U.S. Department of...
HUD and Census Bureau report residential construction activity in February 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for February 2018. Building Permits: Privately owned housing units authorized by building permits...
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...
Next week’s interest-rate decision: How could the Federal Reserve act—and why?
Dwight Johnston, chief economist for the California Credit Union League, made the following comments on next week’s Federal Reserve announcement of short-term monetary policy decisions (interest rates) through its Federal Open Market Committee (FOMC)...
$42.4 million multifamily portfolio trades hands in Greater Los Angeles
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a four-property, 214-unit multifamily portfolio in Santa Ana, California. The properties...
Jordyn Berger joins IPA in Chicago as a Director of Seniors Housing
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has hired Jordyn Berger as a director of the firm’s IPA-Seniors Housing group. Berger will focus on structuring and arranging debt, mezzanine and equity...
Extensive café renovation in historic Regions Bank building in Montgomery, AL
Amidst Montgomery, Alabama's reemergence, Vintage Hospitality Group recently brought Vintage Café to the Old Cloverdale neighborhood in the former Regions Bank building. Built in 1955, the two story former Regions and First National Bank building,...
Regulatory horror story highlights need to reform permitting process
Illustrating how the federal regulatory system has run amok and the need for Congress to pass legislation to fix a broken permitting process, a development firm today shared its three-decade nightmare with a House...
Taylor Johnson welcomes new client Hubbard Street Group
Taylor Johnson now represents Hubbard Street Group, a Chicago-based real estate investment and development company focused on luxury residential, retail and office developments. Led by veteran real estate developer John McLinden, Hubbard Street Group is...
HUD Secretary Carson launches new financial controls to enhance department’s fiscal strength and integrity
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new measures to protect the financial integrity of the agency and correct lax internal processes and controls. Secretary Carson directed HUD’s...
