Business Specialties
On the Market: 5 Interesting CRE Listings for the Week of 5/6
Check out this week’s most interesting commercial real estate listings across the country.
Low Interest Rates’ Impact on Multifamily Financing
MHN caught up with industry veteran Warren Higgins of Berkadia to discuss how the decision to keep interest rates low is affecting the real estate industry, particularly in the multifamily financing realm.
Capstone Capital Closes $10.5M Refi Loan for N.C. Student Housing Community
The financier provided a refinancing loan for The Lofts at Randall, a 216-bed student housing community near the University of North Carolina at Wilmington.
Passco Spends $54M on New Orlando Transit-Oriented Community
The Ivy is the only multifamily community located in Orlando’s Florida Hospital Health Village, home to the nation’s second largest hospital.
Transactions: May 2016
Check out the latest sales and financing deals featured in the May issue of MHN.
HFF Lines Up $48M Acquisition Loan through Freddie Mac
Working on behalf of Abacus Capital Group, HFF arranged financing for the acquisition of The Burlington apartment community in St. Paul, Minn.
241-Unit Affordable Housing Project to Replace Former School in the Bronx
Trinity Financial and MBD Community Housing Corp. will develop the 24-story, energy efficient, mixed-use tower in the Bronx’s Mott Haven neighborhood.
Hunt Finances $65M Houston Apartment Acquisition
The community consists of 58 two- and three-story residential buildings, plus a single-story leasing office and maintenance storage shop.
Mixed-Use Development Lands in Tennessee
The new development in Nolensville Pike will feature 200 residential units and 36,000 square feet of retail space.
Bay State Multifamily Community Celebrates Grand Opening
The 210-unit Tidewater at Salisbury community saw its first residents late last year and is now ready for its official opening ceremony.