REGIONAL MARKETS: NATIONWIDE
Naperville, Ill. —A fund managed by Hartford, Conn.-based UBS has acquired Thornberry Woods, a 280-unit complex in this Chicago suburb for $39.2 million.
W.A.C. Lighting has promoted Christopher Verone to Western territory sales manager. He will work with showrooms and residential sales agencies west of Denver, and with designers, engineers, specifiers, and commercial sales agencies througout the region to grow the company's commercial division, W2...
MIP Fight Enters Final Round
The fight over a proposed increase in the mortgage insurance premium (MIP) charged by the Federal Housing Administration (FHA) has again gone down to the wire.
Denver is placing 50 more donation meters along downtown streets to raise money to help the homeless
DENVER—Colorado’s low-income housing tax credit (LIHTC) program for 2008 is likely to include a 5 percent increase in basis caps and some green building incentives, but otherwise hold to existing priorities.
NO. 6 • BOULDER: Earth to Boulder, ComeIn
It’s an old joke in Colorado: Boulder is 16 square miles surrounded by reality.
Chicago—Locally based Capri Capital Partners, with its Capri Select Income II fund and an unidentified institutional investor, has acquired the majority of White Residential, LLC’s multifamily portfolio for $325 million.
Litecontrol Staff Announcements
Litecontrol has named Robert G. Davis as its director of its new product management department. He was previously a senior instructor in architectural engineering at the University of Colorado at Boulder. Litecontrol has also appointed Randy Solliday as its regional sales manager for the Northeast...
New Money for Complicated Deals
The Greenbriar at Saddle Rock Apartments in Denver is getting $1.8 million in fresh paint and improvements, thanks to an acquisition and rehabilitation loan funded from the sale of collateralized debt obligations (CDOs), a relatively new financing tool that can bring Wall Street dollars to fund...
Mercy’s Wide Reach
DENVER—Mercy Housing has been adding about a thousand units to its portfolio every year for the last five years.