Wood Partners Acquires Jacksonville Apartment Complex for $14M
Jacksonville, Fla.–Wood Partners has acquired the 168-unit Magnolia Village Apartments in Jacksonville on a short-sale basis for a reported $14 million.
Wood Partners Completes Alta Hollywood Apartments
Los Angeles–Alta Hollywood, a 218-unit luxury multifamily development, has opened its third and final building for lease.
NAHB Recognizes West L.A. Condo Project as “Trend-Setter”
Los Angeles–NAHB has recognized T Lofts, an 84-unit condo redevelopment project in Los Angeles, as a “top trend-setter in the multifamily housing industry.”
Chicago’s Marina City Marks 50 Years as Sustainable Icon
Chicago–Marina City, a mixed-use property that includes two “corncob” residential towers that are iconic to the city’s skyline, celebrated the 50th anniversary of its groundbreaking this week.
USDA Offers $14M for Rural Affordable Housing Rehabilitation
Washington, DC–The U.S. Department of Agriculture has unveiled a new program to provide low-interest loans to rehabilitate multifamily housing in rural areas.
Opportunistic Buyer Seeks Second-Tier Multifamily
New York–The feeding frenzy is on for trophy multifamily properties in top-tier markets.
High Demand for Foreclosed Multifamily Now
Gladstone is seeing first-hand the dispositions of distressed properties, including a generous share of multifamily properties.
MHN Interview With Evan Gladstone: High Demand for Foreclosed Multifamily Now
Evan Gladstone talks to MHN about distressed multifamily properties.
Multifamily Housing Starts Dip in June
Washington, D.C.–The ever-volatile rate of multifamily starts was down in June.
Fannie Mae Foresees Upturn in Multifamily Starts Soon
Washington, D.C.–Multifamily property starts are set to rebound in the coming quarters, according to the June 2010 Economic Outlook released this week by Fannie Mae’s Economic & Mortgage Market Analysis Group.