August 26, 2010 Tony Carlson, Dick Riley and Dave Rasmussen in the Minneapolis office of Grandbridge Real Estate Capital recently originated and closed two first mortgage multi-family loans totaling more than $4.7 million for first-time Grandbridge clients. Secured by 108 market rate apartment units, both refinance transactions were funded through a Fannie Mae Small Loan Program lender. Read more...
August 20, 2010 A new survey by Rent.com shows that 42 percent of multi-family property owners are reporting lower vacancy rates this year than they did last. Read more...
August 19, 2010 Ann Arbor, Mich.-based McKinley Client Services has earned appointment as the receiver for an apartment community in Ohio. Read more...
August 18, 2010 Uniondale, N.J.-based Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, recently funded a $2.6 million loan under the Fannie Mae DUS® Small Loan product line for the 41-unit North Lakewood Apartments in Chicago. Read more...
August 17, 2010 Tim Schaffer, executive vice president of Kansas City-based Red Brokerage, considers himself lucky: He’s brokering commercial office deals in Kansas City. That, he says, beats doing the same in many other markets across the country. Read more...
August 06, 2010 CB Richard Ellis recently handled the disposition of Lamar Place Apartments in Mission, Kansas. Jeff Stingley of CB Richard Ellis’ Multi-Housing Group facilitated the sale of the 108-unit garden-style community. Read more...
August 04, 2010 Marcus & Millichap Real Estate Investment Services recently arranged the sale of the Garden Lane Apartments, a 24-unit multi-family community in Shakopee, Minn. The sales price of $1.4 million represents $60,521 per unit. Read more...
August 01, 2010 The multi-family sector has actually been the top performer in the commercial real estate market since the industry’s slump began. Read more...
July 28, 2010 Ann Arbor, Mich.-based McKinley recently handled the disposition of Fullerton Manor, a 42-unit apartment community in Detroit. McKinley had managed the multi-family community since January. Read more...
July 27, 2010 Of the commercial real estate sectors, there's little doubt that multi-family today is the top performer. I was talking about that this morning with Ed Padilla, chief executive officer of Minneapolis-based NorthMarq Capital. He told me that multi-family was outperforming all other commercial real estate assets in every conceivable measurement. Read more...
