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Lee & Associates Closes $9.5 Million Multifamily Portfolio Sale

NORTH HILLS, CA - March 1, 2013 - (RealEstateRama) -- Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has closed the $9.5 million sale of a multifamily portfolio which includes 9014, 9022, 9034 Orion Ave. and 9015 Langdon Ave.

KTGY Redefines Residential Building Through Research-driven Innovation & Creativity

IRVINE, CA - January 29, 2013 - (RealEstateRama) -- KTGY Group, Inc., Architecture + Planning, is pleased to announce its latest achievements with award-winning projects. During the National Association of Home Builders (NAHB) International Builders’ Show (IBS) in Las Vegas, Nev., at three different award ceremonies, KTGY earned a platinum award as well as gold and silver awards plus a special Innovation award. These awards recognize KTGY as research-driven forward thinkers and leaders in the industry and honor the firm's wide range of capabilities and innovation in single-family attached, detached and multifamily residential communities.

Multifamily Industry Set to Remain Strong through 2013, Says NAHB

WASHINGTON, D.C. - January 22, 2012 - (RealEstateRama) -- The multifamily sector has led the way in the recovery of the overall housing market and will continue to do so over the next several years, said panelists during a press conference at the National Association of Home Builders (NAHB) International Builders’ Show (IBS) in Las Vegas. The multifamily market has recovered substantially since the end of 2010 and now stands at about 70 percent of the way back to a sustainable level

Third Quarter Commercial/Multifamily Mortgage Originations Down 7 Percent from Q3 2011

Washington, DC - November 13, 2012 - (RealEstateRama) -- Commercial and multifamily mortgage origination volumes during the third quarter of 2012 were seven percent lower than during the third quarter 2011, 17 percent lower than during the second quarter of 2012 and up 15 percent year-to-date from last year’s year-to-date levels, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

MBA Announces 2013 Commercial Real Estate/Multifamily Finance Board of Governors Leadership and New Members

Chicago, IL - October 24, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced the election of Brian F. Stoffers, CMB, President, CBRE Capital Markets as the new Chair of its Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) at the association’s 99th Annual Convention & Expo in Chicago. Rodrigo Lopez, CMB, AmeriSphere Multifamily Finance LLC, will serve as Vice Chair.

The NRP Group Named 2012 Development Firm of the Year in NAHB’s Multifamily Pillars...

WASHINGTON, D.C. - October 10, 2012 - (RealEstateRama) -- The NRP Group, based in Cleveland, earned top honors as Multifamily Development Firm of the Year by the National Association of Home Builders (NAHB) as part of the association’s Multifamily Pillars of the Industry Awards.

Fusion 1560 Named 2012 Community of the Year in the NAHB Multifamily Pillars of...

WASHINGTON, D.C. - October 10, 2012 - (RealEstateRama) -- Fusion 1560, designed by Humphreys & Partners Architects and CSJM Architects, was named Multifamily Community of the Year by the National Association of Home Builders (NAHB). The winning community, which also won Best Mid-Rise Apartment, was selected by the judges from the winners of the developer awards.

MBA Releases Commercial/Multifamily Quarterly Data Book for Q2 2012

WASHINGTON, D.C. - September 27, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) released its second quarter 2012 Commercial Real Estate/Multifamily Finance Quarterly Data Book. The report includes a summary of major trends during the quarter and detailed charts and tables providing historical information on the commercial/multifamily real estate markets. Among the findings covered in second quarter Data Book:

Commercial/Multifamily Mortgage Debt Outstanding Declines Fueled by Drop in CMBS Loans

WASHINGTON, DC - September 24, 2012 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding decreased by $10.4 billion, or 0.4 percent, in the second quarter of 2012, as the balance of loans in CMBS, CDO and other ABS issues continued to decline, according to the Mortgage Bankers Association (MBA).

CHFA Announces Public Hearing on DRAFT revisions to the Rental Housing – Multifamily Housing...

WASHINGTON, D.C. - September 3, 2012 - (RealEstateRama) -- At its August 30, 2012 meeting, the Connecticut Housing Finance Authority’s Board of Directors adopted a resolution to publish for public comment drafted revisions to the Rental Housing – Multifamily Housing Program Procedures and the Rental Housing – Housing Management Procedures (see attached)

CHARLES DUNN COMPANY COMPLETES $2.075 MILLION SALE OF 20-UNIT MULTIFAMILY PROPERTY IN LOS ANGELES...

LOS ANGELES, CA - June 13, 2012 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $2,075,000 sale of a 20-unit apartment property located at 225 N. Ave...

365 Connect Receives Louisiana Technology Council Coup D’ Tech eWARD

NEW ORLEANS, LA - June 13, 2012 - (RealEstateRama) -- 365 Connect, the New Orleans based, award-winning online technology platform provider for the multifamily industry, announced today that it has received the 2012 Coup D’ Tech eWARD from the Louisi...

W. Dean Henry to Lead NAHB’s Multifamily Leadership Board

WASHINGTON, D.C. - April 26, 2012 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today announced that W. Dean Henry, a real estate executive from Foster City, Calif., has been appointed chairman of NAHB’s Multifamily Leadership Board (MLB). Henry succeeds Charles R. Brindell Jr., chairman and CEO, Mill Creek Residential Trust LLC, and will serve a two-year term.

Sperry Van Nees negotiates sale of 238 unit apartment complex in Tucson, AZ

Phoenix, AZ - April 4, 2012 - (RealEstateRama) -- Sperry Van Ness, LLC facilitated the sale of Bear Canyon Apartments, located at 9055 E. Catalina Hwy in Tucson, Arizona. The Class A luxury apartments sold at 5.87% Cap Rate on in place numbers, highest...

NMHC/NAA Commend Regulators For Advocating a Separate Multifamily Solution In Housing Finance Reform

WASHINGTON, D.C. - February 22, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) released a strategic plan for the future of the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac today. The following is a statement from the National Multi Housing Council (NMHC) and National Apartment Association (NAA) by Cindy Chetti, NMHC Senior Vice President of Government Affairs:

Sperry Van Ness – SVN Partners negotiates $7.8 million multifamily transaction in Glendale, AZ

Phoenix, AZ - December 6, 2011 - (RealEstateRama) -- Sperry Van Ness - SVN Partners in Greater Phoenix announced the sale of the 223-unit Sunset Landing Apartments, located at 8450 North 67th Avenue in Glendale, Arizona for $7.8 million, or approximate...

Charles Dunn Company Completes $5.45 Million Sale of a 29-Unit Multifamily Property in Los...

Los Angeles, CA - September 21, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $5.45 million sale of The Kester House, a 29-unit multifamily ...

MBA Releases 2011 Mid-year Commercial/Multifamily Servicer Rankings

WASHINGTON, D.C. - August 26, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its mid-year ranking of commercial and multifamily mortgage servicers as of June 30, 2011. On top of the list of firms is Wells Fargo with $442.9 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $346.5 billion, Berkadia Commercial Mortgage with $184.2 billion, Bank of America Merrill Lynch with $123.7 billion and KeyBank Real Estate Capital with $107.7 billion.

MBA and 16 Other Groups File Joint Comment Letter on Commercial/Multifamily Risk Retention Proposed...

WASHINGTON, D.C. - August 3, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA), along with 16 other national real estate and financial services organizations, submitted to federal regulators a joint comment letter in response to the commercial and multifamily real estate elements of the proposed rule on credit risk retention (Proposed Rule).

PCCP, LLC and B&M Management Company Form Joint Venture for the Acquisition of a...

New York, NY - August 3, 2011 - (RealEstateRama) -- PCCP, LLC announced today it formed a joint venture with Montgomery, AL-based B&M Management Company to acquire The Reserve at Research Park, a 736-unit Class B multifamily property located at ...

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An Overview of the 1031 Exchange

The United States Internal Revenue Code is a portion of the federal statutory tax laws which is published in different volumes of the United States Statutes at Large. It is separated as Title 26 of the code and it covers taxes, its procedures, and administration.