Archive for October 2009
Cornerstone Group Delivers First Building in Second Phase of Townhome Community
The Cornerstone Group has announced the delivery of the first building in the second phase of construction at Preserve at Boynton Beach, a 180-unit townhome and villa community.
Read MoreOrganization Launches $4B Green Initiative for Affordable Housing
The green movement in commercial real estate has caught on like wildfire and even with the recession having left most clutching their pocketbooks, it continues to spread. Now Columbia, Md.-based Enterprise Community Investment Inc. plans to take the trend to new heights with the kicking off its $4 billion Green Communities initiative, which is designed…
Read MoreRenters Are Willing to Pay More Rent for Additional Security Amenities
Renters seek a safe haven when searching for an apartment. According to a national Apartments.com survey—conducted during national crime prevention month—96 percent of respondents said neighborhood crime rate influences where they choose to live.
Read MoreCPC Closes $2.16M Permanent Loan to Refinance 3-Story Rental Building
New York–The Community Preservation Corporation (CPC) recently closed on a $2.16 million permanent loan to refinance a newly constructed three-story rental building in the Parkville section of Brooklyn.
The property, located at 315 Foster Ave. between Seton Place and East 5th St., features nine, 1,005-square-foot two-bedroom units each with two bathrooms, separate dining areas, radiant heat and modern kitchens with granite countertops, hardwood floors and stainless steel appliances. Market rents are affordable to families at 110 percent of Area Median Income.
Read MoreSomerville Landfill Redevelopment Project Receives BDA Designation from N.J. Department of Environmental Protection
Whitman, one of New Jersey’s leading environmental and engineering management firms, has announced that the Somerville landfill redevelopment project has been designated a Brownfield Development Area (BDA) by the New Jersey Department of Environmental Protection (NJDEP).
Read MoreTODAY’S DEAL: NorthMarq Capital Arranges $60Million A/B Note Bridge Financing for 446-Unit Rental Community
NorthMarq Capital’s (NorthMarq) Washington, DC office has arranged A/B Note bridge financing of $60 million for the 446-unit Highlands at Dearborn Apartments located in Boston.
Read More7 Come 2011
Are well-known industry titans about to be dealt some major losses?
Read MoreMBA Voices ‘Serious Concerns’ Over Consumer Financial Protection Bill
The Mortgage Bankers Association (MBA) said it has “serious concerns” with the legislation passed by the House Financial Services Committee that would create a consumer financial protection agency.
Read MoreExisting-Home Sales Increase With First-Time Buyer Momentum
Existing-home sales bounced back in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of Realtors (NAR).
Read MoreMatrix’s Wyngate Townhome Community Closes in on Sell-Out of Phase One Homes
Matrix Residential Properties, the residential division of Matrix Development Group, has announced that Wyngate, a 198-townhome community, has nearly sold out of its Phase One construction homes.
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