News
THE CROWD GOES WILD
March 22, 2011
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| Yesterday we brought you the show, but today we bring you the audience from our second annual Bisnow Multifamily Summit at theMetropolitan Club on Friday morning. We snapped Northmarq'sSusan Blumberg, Appraisal Research Counselors' Ron DeVries, and Freddie Mac's Joyce Judah celebrating Susan's latest success, a refi of the 553-unit Wacker Plaza (233 N Columbus). The $55M loan came from Fannie Mae (don't tell Joyce, she'll be jealous). Ron's always working on researching apartment trends in Chicago and tells us he sees rental rates on the rise. | |
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| Here's Interior Environment's Josephine Goetz, Facility Capital Corp's Clyde Cady, and Partners By Design's Traci Sala discussing their respective designs over coffee. Traci says Autoprogram(created by her firm), has been making progress in helping companies forecast space needs and estimate budgets. That's not to be confused with Autotune, which is making progress helping brokers sing better at karaoke. | |
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| More than 300 of you watched as our speakers talked about how the multifamily markets are smokin' right now. Our panel young peopleare renting more and developers are taking advantage of busted condo deals. More lenders are also coming back into the market, with the possibility of CMBS re-emerging as a major player. | |
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| CoreLogic SafeRent, our valued sponsor for the day, sent rep Scott Hawley to tell landlords about its services. We snapped him chatting with CBRE's William Howe. CoreLogic provides decision servicesfor landlords, analyzing how likely each tenant is to default on his or her rent. They also provide services to let you know which tenants are likely to damage units, plus they offer due diligence to apartment buyers. | |
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| Opus North's David Paino, John Carlson, and James Caesar were also on hand, picking up tips to use at their Arboretum Landmarkdevelopment. The 310-unit Lisle apartment complex is one of the largest in the 'burbs and has been under development since 2008. |
