Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor’s degree in journalism from Pace University.
Freddie Mac, NEF Launch New LIHTC Fund
The fund’s first three investments in Houston and Los Angeles total more than $60 million and come several months after Freddie Mac re-entered the LIHTC market.
Long Island Multifamily Portfolio Changes Hands for $473M
Fairfield Properties, with a $100 million preferred equity investment from FCP, acquired the seven properties from Lone Star Funds.
Cushman & Wakefield Brokers $56M IN Sale
Castle Rock, a 740-unit apartment property in South Bend, was acquired by a joint venture of Sinatra & Co. Real Estate, L5 Investments and Odyssey Properties.
Largest US Student Housing Project Breaks Ground
Developed by the Michaels Organization and designed by Stantec, the $575 million UC Davis West Village community will have a total of 3,300 beds, with 1,000 scheduled for delivery by fall 2020.
Waypoint Residential Expands Development Pipeline
The company has six multifamily properties totaling more than $325 million in development or leasing stages—including two new brands—in the Northeast and West.
Crown Bay Group Grows in Atlanta
The firm acquired Southlake Cove in Jonesboro and Vineyard Pointe in Riverdale, Ga., further expanding its area holdings.
MA Modular Development Moves Forward
More than 100 “boxes” that will create residential units in Newton, Mass., are being installed as the mixed-use project prepares for a summer opening.
Community Preservation Corp. Launches Mortgage Company
CPC Mortgage Co. will offer a suite of Freddie Mac, Fannie Mae and Federal Housing Administration products for the acquisition, refinancing, rehabilitation and construction of multifamily properties.
Miami High-Rise Lands $92M Financing
Modera Metro Dadeland, completed in 2017, has 422 apartments within walking distance of the Dadeland North Metrorail station.
California Expands Affordable Housing Finance Incentives
The new program aims to incentivize affordable housing development for residents with a mix of incomes.