In Return to NJ, Solomon Buys Freehold M-F
FREEHOLD, NJ-The Solomon Organization, which owns and manages 10,000 rental units in what it calls the “affordable luxury” niche, has returned to the New Jersey market for the first time in nearly a decade, acquiring a garden apartment complex in Freehold built in the 1980s from the original developer. Chesterfield Gardens, a 172-unit community at 210 Harding Road, was not offered on the open market. Solomon seized on it before that could happen.
SAN DIEGO—Berkadia’s Ernie Katai discusses the multifamily demand and fundamentals that have helped his firm achieve rapid growth and how the firm is preparing for the year ahead, in this EXCLUSIVE video interview.
PLANO, TX—The closures, planned to occur over the next few months, come on the heels of the company’s first year of profitability since 2010.
NEWPORT BEACH, CA—Over time, long-term and short-term interest rates generally correlate, though this is not always the case in the short run, CBRE’s Phil Voorhees tells GlobeSt.com in this EXCLUSIVE story about his yield-prediction contest.
SAN DIEGO—Speakers during the CMBS panel at MBA’s CREF/Multifamily Housing Convention and Expo 2017 say educating brokers and borrowers is key to a healthy CMBS future.