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Feed Source Provided by Multi-Housing News Online
DEAL OF THE DAY: Hendricks & Partners Arranges $3.2M REO Sale for BankOakland, Calif.‑Hendricks & Partners arranged what it said was the largest East Bay REO sale in 2010. The two apartment communities, Pinecrest and Garden View Apartments, totaled 96 units and were sold for $3,200,000.
Old Jewish Daily Forward Building in Manhattan Going CondoNew York--BCN Development has inked a deal to acquire the 50,000-square-foot 45 East 33rd St. off of Park Avenue South in Manhattan for about $20 million.
Web Feature: Sustainability Charrette? Way to Go GreenNew York--Developer Full Spectrum recently held a sustainability charrette in New York City for its Old Capitol Green project located in downtown Jackson, Miss.
Metcalf West Gets Serious About Solar EnergyOahu, Hawaii--Metcalf West, a commercial, affordable housing and residential builder based out of Oahu, recently installed solar panels at its headquarters in the Kohanaiki Industrial area.
Grubb & Ellis Apartment REIT to Undergo Growth Spurt with $182.4M Acquisition DealSanta Ana, Calif.--Grubb & Ellis Apartment REIT Inc. is on track to increase its portfolio by over two-thirds and bring a new management business into the fold in one fell swoop.
Kimberley McKay Becomes EVP of SoCal at BRIDGE HousingSan Francisco--Kimberly McKay has been named executive vice president for Southern California at BRIDGE Housing.
Metcalf West Gets Serious About Solar EnergyOahu, Hawaii--Metcalf West, a commercial, affordable housing and residential builder based out of Oahu, recently installed solar panels at its headquarters in the Kohanaiki Industrial area.
DEAL OF THE DAY: Walter Investment Buys $6.3M in Loans Held by Pool of MortgagesTampa--Walter Investment Management Corp. completed the purchase of a pool of residential first-lien mortgage loans utilizing $6.3 million of proceeds from its equity offering.
California Set to Make Mechanic?s Lien Law ChangeSacramento, Calif.--In a move that might benefit multifamily property owners in California who hire outside contractors to do work on their properties, the state of California will change the way property owners are notified of mechanic's liens.
MARKET SNAPSHOT: Seattle Rents Remain StableSeattle--Since the beginning of this year, the Seattle rental market has seen marked improvement, according to Hendricks & Partners.
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