Editor’s Note: Condo Comeback: Fact or Fiction
If condos are in demand, why are developers hesitant?
Native American Connections Opens Affordable Asset in Phoenix
A new 70-unit, mixed-use affordable housing community has opened in downtown Phoenix.
Wood Partners Moves Forward with Construction in Germantown, Md.
Wood Partners has broken ground on Alta Liberty Mill, a $60 million, 304-unit community in Germantown, Md.
CIM Group Purchases Lower East Side Community
Los Angeles-headquartered CIM Group has purchased 265-275 Cherry Street, a Section 8 HUD subsidized housing community in Manhattan’s Lower East Side.
Tryko Partners Acquires Affordable Housing Community in Pennsylvania
New Jersey-based Tryko Partners acquires an 86-unit affordable housing community in Leechburg, Pa.
Praedium Group Acquires South Blvd. Apartments in Las Vegas
New York-based Praedium Group acquires a 320-unit Class A community in Las Vegas for $41.9 million. The 2012-built asset was 93 percent leased at the time of sale.
Affirmed Housing Group to Move Forward with Vermont Villas in Los Angeles
Affirmed Housing Group’s Los Angeles project, Vermont Villas, a 79-unit permanent homeless housing for low-income veterans and special needs seniors, has received 9 percent tax credit funds, which will allow the project to begin construction in April 2014.
Somerset and NHT/Enterprise Form JV to Purchase and Redevelop DC Affordable Housing Community
Somerset Development Company and the National Housing Trust-Enterprise Preservation Corporation have entered into a joint venture for the purchase of the 223-unit Channel Square Apartments located at 325 P Street SW in Washington, D.C.
Constructions Begins on 400 Grove in SF’s Hayes Valley
DDG and DM Development have announced the groundbreaking of the 34-unit, 400 Grove in San Francisco’s Hayes Valley neighborhood. The building will be the development team’s second of three that are planned for Hayes Valley.
Multi-Housing News: Inside the December 2013 Issue
Aging boomers, development trends, the financial year in review and much more.