Groundbreaking Ceremony Held for Jersey City Development
Officials from The KRE Group and National Real Estate Advisors were joined by Jersey City Mayor Steven Fulop to break ground on a three-tower, mixed-use development in Jersey City, N.J.
Jonathan Rose Companies and TIAA-CREF Announce Preservation Fund
TIAA-CREF and Jonathan Rose Companies have unveiled the Rose Affordable Housing Preservation Fund LLC—a $51.6 million fund seeded by the two organizations that will help with the acquisition and improvement of affordable and mixed-use housing in strategic major metros in the United States.
2014 MHN Excellence Awards Slideshow
New York—MHN hosted a cocktail reception on October 16th to announce the 2014 MHN Excellence Award winners. The event was held at New York by Gehry at 8 Spruce Street, a luxury apartment property in lower Manhattan—and the tallest residential rental tower in the western hemisphere—developed by event sponsor Forest City Ratner. The event was also sponsored by Package Concierge, Walker & Dunlop, RentCollect Global and MHN parent company Yardi Systems. Photos of the event have been posted in this slideshow and below. [alpine-phototile-for-picasa-and-google-plus src=”private_user_album” uid=”102307573489359986587″ ualb=”6072805005718459265″ authkey=”Gv1sRgCIbEqsTz2aeprwE” imgl=”fancybox” style=”wall” row=”4″ size=”320″ num=”197″ align=”center” max=”200″]
Edgewater on Lanier in Gainesville Trades Hands
A privately held real estate investment firm, The Griffin Fund, has acquired the Edgewater from Lake180-unit Edgewater on Lanier community in Gainesville, Ga., for $8.4 million from an undisclosed seller and plans to invest an additional $2 million into a community renovation program.
WinnCompanies Tapped for Management Responsibilities at Lumiere
Criterion Development Partners has selected WinnResidential to oversee management of its new Medford, Mass., property, Lumiere.
Greystone Provides $27.5M HUD Loan for Refinancing Canton, Mich., Apartments
Greystone has announced that it has provided a $27.53 million HUD loan to Wyndchase Apartments in Canton, Mich., that replaces three separate loans for one long-term, low-rate loan.
Tallest Residential Building in Western Hemisphere Tops Out in Manhattan
CIM Group and Macklowe Properties have announced the topping out of the building located at 432 Park Avenue in Manhattan, between 57th and 56th streets.
WNC Provides $6.06M in LIHTC to Fund Redevelopment Project
WNC has announced the completion of redevelopment efforts at the 112-unit Village Green Senior Apartments in Decatur, Ind.
Meet Urban Land Interests’ Seven27 in Madison, Wis.
Seven27 is one of the newest rental apartment buildings in Madison, Wis. The Valerio Dewalt Train Associates-designed building features 117 units and a host of amenities including a landscaped courtyard terrace with fire pits and barbecue areas, a resident lounge, fitness room and more.
Perkins Coie Closes on $200M U.S. Treasury Guaranteed Bond Issue
Following on the heels of its closing of a $125 million U.S. Treasury guaranteed bond in August, Perkins Coie has announced that it has closed on another $200 million of the same type of bond issue on Sept. 25, 2014 for Minneapolis-based Community Reinvestment Fund and four Certified Development Financial Institutions.