Business Specialties
Virginia Community Lands $30M Grant
The federal funds will go toward redeveloping the 256-unit Ridley Place public housing and the surrounding neighborhood. Pennrose is the master developer of the project.
FL Student Housing Assets Secure $39M in Financing
Serving the University of Florida, the two student housing communities recently underwent major renovations to include new amenities. HFF worked on behalf of the borrower.
California Mixed-Use Project Lands $32M Loan
Parkview Financial provided the construction financing for a three-building development in Poway, a northern suburb of San Diego.
Water Street Tampa 1st to Achieve Global WELL D&O Designation
The $3 billion, 56-acre mixed-use community being developed in Tampa, Fla., is an early adopter of the WELL Community Standards that recognize neighborhoods designed and operated to improve the residents’ health and well-being.
LMC Breaks Ground on Luxury Connecticut Community
The subsidiary of Lennar Corp. has started work on The Smyth, a 414-unit multifamily property that will rise 15 stories in central Stamford. The building is scheduled to welcome its first residents in 2021.
Southwood Realty Buys South Carolina Community for $41M
The 20-building property in the Columbia suburb of Blythewood has been renamed, and the buyer has plans for a value-add program. Cushman & Wakefield represented the seller in the transaction.
National Renovation Strategies to Reduce Energy Poverty in Europe
BUILD UPON, a collaborative project on building renovation with $2 million funding from the EU, moves forward with the announcement of eight pilot cities.
Screening With Tech: What You Need to Know
Yardi’s Patrick Hennessey and Equifax’s Tyler Sawyer reveal the subtleties of using cutting-edge tools and data to identify the right renters. The two also address the implications of real-time decision-making in the business.
Top Multifamily Completions in Austin
Developers delivered more than 7,800 units to the city’s housing stock in the 12 months ending in May, with the bulk designed for the upscale Lifestyle segment, according to Yardi Matrix.
Affordable Housing Is a National Math Problem
Financing the development and preservation of low-income units is a challenge in today’s dynamic marketplace, so private organizations are taking matters into their hands.