http://www.multifamilybiz.comLatest News from MultifamilyBiz.comen-us© 2010 MultifamilyBiz.com1http://www.multifamilybiz.com/news.aspxhttp://multifamilybiz.com/images/multifamilylogosmall.png14433MultifamilyBiz.com RSS Feed - Multifamily News Headlineshttp://www.multifamilybiz.com/article.aspx?id=2862ARLINGTON, VA - AvalonBay Communities, Inc. announced the acquisition of Creekside Meadows, a community of 628 apartment homes located in Tustin, California (Orange County). Creekside Meadows was acquired in August 2010 for $98.5 million by AvalonBay...Thu, 09 Sep 2010 08:02:31 GMThttp://www.multifamilybiz.com/article.aspx?id=2861CHICAGO, IL - Waterton Residential recently acquired $109.5 million of debt secured by four prime multifamily properties located in North Carolina and California. So far this year, Waterton has acquired $179.2 million in distressed debt secured by mu...Thu, 09 Sep 2010 07:59:22 GMThttp://www.multifamilybiz.com/article.aspx?id=2860BEVERLY HILLS, CA - International real estate investment and services firm Kennedy Wilson announced that it has formed a $278 million investment partnership with subsidiaries of Fairfax Financial Holdings to pursue acquisitions of real estate assets,...Thu, 09 Sep 2010 07:54:50 GMThttp://www.multifamilybiz.com/article.aspx?id=2859NEW YORK, NY - Mortgage rates moved higher this week, with the average conforming 30-year fixed mortgage rate climbing to 4.58 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.37 disc...Thu, 09 Sep 2010 07:51:58 GMThttp://www.multifamilybiz.com/article.aspx?id=2858ARLINGTON, VA - AvalonBay Communities, Inc. (AvalonBay), a leading Real Estate Investment Trust (REIT) with multi-family apartment communities in high barrier-to-entry markets in the United States, today announced the acquisition of a 2.64 acre prop...Wed, 08 Sep 2010 07:58:59 GMThttp://www.multifamilybiz.com/article.aspx?id=2857SANTA ANA, CA - Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has established a strategic alliance with Kettler Inc., one of the Mid-Atlantic's largest real estate and property manageme...Wed, 08 Sep 2010 07:56:33 GMThttp://www.multifamilybiz.com/article.aspx?id=2856HOUSTON, TX - Asset Campus Housing (ACH) completes the leasing season for the academic 2010-2011 school year with a total portfolio wide resident retention rate of 48% due to the execution of an aggressive renewal campaign that was implemented throug...Wed, 08 Sep 2010 07:52:15 GMThttp://www.multifamilybiz.com/article.aspx?id=2855BEVERLY HILLS, CA - International real estate investment and services company Kennedy Wilson (NYSE: KW), RECP/Urban Partners and Capri Capital Partners, LLC on behalf of Capri Urban Investors, LLC today announced the acquisition of Serenade, a 400-un...Tue, 07 Sep 2010 07:52:36 GMThttp://www.multifamilybiz.com/article.aspx?id=2854MIAMI BEACH, FL - Developer BH III LLC (BH3) announced construction has been completed at Terra Beachside 6000 Collins, its 116-unit, six-story upscale condominium community in the heart of Miami Beach at 60th Street and Collins Avenue. The developm...Tue, 07 Sep 2010 07:47:54 GMThttp://www.multifamilybiz.com/article.aspx?id=2853ORLANDO, FL - Oakland Park, a traditional neighborhood development between the historic towns of Oakland and Winter Garden in Central Florida, has won the 23rd Residential Environmental Award from Florida Realtors®. The award, popularly known as the ...Tue, 07 Sep 2010 07:42:22 GMThttp://www.multifamilybiz.com/article.aspx?id=2852MEMPHIS, TN - Mid-America Apartment Communities announced that it has completed the acquisition of The Venue at Stonebridge Ranch, a high-quality 250-unit apartment community located in the Dallas, Texas MSA. The Venue at Stonebridge Ranch is l...Fri, 03 Sep 2010 07:51:00 GMThttp://www.multifamilybiz.com/article.aspx?id=2851ATLANTA, GA - Habitat for Humanity International announced today that The Dow Chemical Company, a partner for nearly 30 years, has committed to a new two-year agreement, increasing its global support to create additional affordable housing. As part o...Fri, 03 Sep 2010 07:47:41 GMThttp://www.multifamilybiz.com/article.aspx?id=2850NEW ORLEANS, LA – 365 Connect, the New Orleans based technology platform provider to the multifamily industry, announced today that it has launched its live data feed integration with Vast.com (www.Vast.com). Employing its latest product, the 24-7 Le...Thu, 02 Sep 2010 07:57:57 GMThttp://www.multifamilybiz.com/article.aspx?id=2849ST. LOUIS, MO - U.S. Bancorp Community Development Corporation (USBCDC), a division of U.S. Bank, has arranged and will manage an $86 million Low-Income Housing Tax Credit (LIHTC) fund for Google, the popular search engine firm. The fund will provid...Thu, 02 Sep 2010 07:54:16 GMThttp://www.multifamilybiz.com/article.aspx?id=2848NEW YORK, NY - Mortgage rates moved lower this week, with the average conforming 30-year fixed mortgage rate hitting another record low of 4.53 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an ave...Thu, 02 Sep 2010 07:47:10 GMThttp://www.multifamilybiz.com/article.aspx?id=2847BOSTON, MA - The aggregate value of Commercial Real Estate (CRE) loans priced by DebtX that collateralize CMBS increased to 79.4% as of July 30, 2010, up from 77.4% as of June 30, 2010. Loan values were 71.1% as of July 31, 2009. "Despite weak C...Thu, 02 Sep 2010 07:41:20 GMThttp://www.multifamilybiz.com/article.aspx?id=2846ST. AUGUSTINE, FL - The developer of Laterra at World Golf Village in St. Augustine, FL is offering its last 10 condos for sale at auction on September 17. Four of the condos will sell regardless of price and the developer is offering a mulligan to ...Thu, 02 Sep 2010 07:34:01 GMThttp://www.multifamilybiz.com/article.aspx?id=2845MEMPHIS, TN - Mid-America Apartment Communities, Inc. (NYSE: MAA) announced today that it has completed the acquisition of La Valencia at Starwood, a newly developed upscale 270-unit apartment community located in the Dallas/Ft. Worth MSA. La Va...Wed, 01 Sep 2010 07:58:35 GMThttp://www.multifamilybiz.com/article.aspx?id=2844SEATTLE, WA - Zillow.com and Apartments.com, two of the nation's leading online destinations for real estate and multifamily housing, respectively, today announced a partnership to bring the Apartments.com national database of 90,000 managed apartmen...Wed, 01 Sep 2010 07:55:35 GMThttp://www.multifamilybiz.com/article.aspx?id=2843IRVINE, CA - Award-winning KTGY Group, Inc., Architecture and Planning, is pleased to announce that two KTGY principals have been invited to speak at the Building Industry Association of Southern California 50+ Housing Council's program, "The Next Ge...Tue, 31 Aug 2010 08:03:00 GMThttp://www.multifamilybiz.com/article.aspx?id=2842CLEVELAND, OH - Forest City Enterprises, Inc. announced that its Forest City Military Communities subsidiary has been selected by the U.S. Air Force to privatize military family housing at four bases in the southeastern United States. The project wil...Tue, 31 Aug 2010 07:51:01 GMThttp://www.multifamilybiz.com/article.aspx?id=2841MEMPHIS, TN - Mid-America Apartment Communities, Inc. (NYSE: MAA) announced today that it has completed the acquisition of Times Square at Craig Ranch, an upscale 313-unit apartment community located in the Dallas, Texas MSA. Times Square at Craig Ra...Tue, 31 Aug 2010 07:45:07 GMThttp://www.multifamilybiz.com/article.aspx?id=2840SANTA ANA, CA - Grubb & Ellis Apartment REIT, Inc. today announced that it has entered into definitive agreements totaling $182 million to acquire nine multifamily properties from affiliates of MR Holdings, LLC and substantially all of the assets of ...Tue, 31 Aug 2010 07:41:47 GMThttp://www.multifamilybiz.com/article.aspx?id=2839DENVER, CO - Rentbits.com is ranked #178 on Inc. magazine's 2010 Inc. 500 list, an exclusive ranking of the nation's fastest-growing private companies unveiled in its September issue. Rentbits.com is a national rental search engine for apartments and...Mon, 30 Aug 2010 08:01:54 GMThttp://www.multifamilybiz.com/article.aspx?id=2838WASHINGTON, DC - The Federal Housing Administration (FHA) announced that it intends to make modifications to its Home Equity Conversion Mortgage (HECM) product, a reverse mortgage loan insured by the federal government, to make it more attractive and...Mon, 30 Aug 2010 07:55:35 GMT