property type: Multifamily
PMI Mortgage Promotes Janet Parker to Senior VP of Risk Management
February 14, 2001 SAN FRANCISCO – PMI Mortgage Insurance Co. has promoted Janet Parker to senior vice president of risk management.Previously, she was vice president of field operations. Parker joined the company in 1983 as national underwriting manager of second ...
Maui Development Site on Sales Block
February 14, 2001 WAILUKU, Hawaii – The Hawaii Land & Farming Co. Inc. has put the Kehalani Development Site, at the foothills of the West Maui Mountains, up for sale.Sealed bids are due 5 p.m. (PST) March 14. Kennedy-Wilson International ...
Watt Commercial to Build $75 Mln Multifamily Tower in San Diego
February 14, 2001 SAN DIEGO – Watt Commercial Properties plans to begin construction in May on an 18-story residential tower in the downtown area.The $75 million, 389-unit multifamily complex will sit on a 1.4-acre site bounded by Columbia, State, Beech ...
HUD Completes Loan Sale, Recovers $432 Mln
February 12, 2001 WASHINGTON – The Department of Housing and Urban Development has completed the sale of $623 million of multifamily and healthcare loans, recovering $432 million, or nearly 70 percent of the loans' unpaid balance.As previously reported, the 139 ...
Aegon Provides $17.9 Mln in Financing for Dallas Apartments
February 12, 2001 DALLAS – Ameriton Properties has received $17.9 million in permanent financing from Aegon for the 350-unit Montfort Apartments.L.J. Melody & Co.'s Denver office arranged the financing.
Newman Seeks Bigger Role in Mezzanine, Bridge Lending Arenas
The GMAC Commercial Mortgage affiliate hopes to originate $350 million of high-yield financing this year. Its focus will be on the multifamily sector, but it is also looking at other sectors on an opportunistic basis.
Merrill Downgrades AIMCO on COO’s Departure
February 7, 2001 (NewsTraders.com) – Apartment Investment and Management Co.'s (NYSE:AIV) stock was downgraded Wednesday from accumulate to intermediate-term neutral by a Merrill Lynch analyst because of the chief operating officer's departure.Steve Sakwa said Tom Toomey's exit "cannot be cheerful ...
AIMCO Promotes Execs; COO Leaving
February 6, 2001DENVER – Tom Toomey has resigned as chief operating officer of Apartment Investment and Management Co. (NYSE:AIV). Meanwhile, the company has promoted two executives.Toomey is leaving "to pursue other interests," the REIT said. "Tom has our thanks and ...
MortgageRamp to Use Univest Financial Services Application
February 6, 2001 HORSHAM, Pa. – MortgageRamp will use Univest Financial Services LLC to expand due diligence and underwriting services and help reduce the time between loan origination and closing, the online lender said.According to McCracken Financial Software, more than ...
Pacific Property Co. Buys Calif. Apartment Community
February 6, 2001 SHERMAN OAKS, Calif. – Pacific Property Co. has purchased a 168-unit apartment community for $9.9 million.The company expects to invest another $1.6 million in the Valley Country Club apartments to renovate the property, which will be renamed ...
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