City of Cincinnati Approves Plans for Multimillion-Dollar Developments
Cincinnati City Council approved last Wednesday plans for a 30-story apartment tower at the northwest corner of 4th Street and Race Street in the city’s downtown. The project is expected to cost about $80 million.
£1.5B Deal Will Transform Old London Docks into Innovation Hub
London Mayor Boris Johnson has announced the newest initiative in the grand redevelopment of the London’s Royal Docks: the £1.5 billion (circa $2 billion) project dubbed Silvertown Quays, which represents the second phase of the redevelopment of the Silvertown area.
Champion Acquires 352-Unit M-F Complex in Hilliard for $10M
Champion, a privately-held, fully-integrated, multi-family investment firm based in Westerville, announced last week the acquisition of a 352-unit apartment complex in Hilliard. The transaction was closed on May 31.
Arlington’s Newly Built Grayson Flats Sold for $33M
Insight Property Group and Buvermo Investments Inc. have sold the Grayson Flats apartments in Arlington last month for $33 million, or roughly $492,500 per unit. The buyer, an affiliate of local development company Silverwood Companies, acquired the property about a month after it was finished.
$238 Million Uplands Residential Community Opens In Baltimore
Uplands, a new, $238 million residential community located in Baltimore, oficially opened its gates to the public on Monday, June 3.
Barwa Real Estate Unveils Plans for $5.5 Billion Mixed-Use Resort in Qatar
Barwa Real Estate has launched a $5.5 billion residential and resort project slated to rise on an artificial island off the coast of Doha.
Financing With ‘Hard Money’
Yes, rates are still higher than most banks, but the other terms that would let lenders take over the properties have gone away.
Most Commercial/Multifamily Delinquency Rates Decline in Q1
Delinquency rates for commercial and multifamily mortgage loans generally declined in the first quarter of 2013, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report.