Business Specialties
The Towbes Group’s Willow Springs Phase II Fully Leased Ahead of Schedule
The Towbes Group has announced that all units in the Phase II component of its Goleta, Calif. community, Willow Springs, have been leased about three months ahead of schedule.
J Turner Research Ranks Lincoln Pointe Miami’s Best Property
Lincoln Pointe Apartments, managed by LCOR, has been ranked the “Best Property” with the most satisfied apartment residents in Miami by J Turner Research, a provider of market research for the multifamily industry.
TODAY’S DEALS: Investors Bank Maintains Strong MF Volume in 2Q14
Investors Bank maintains a strong multifamily lending pipeline during the second quarter; Marcus & Millichap brokers the sale of a 120-unit asset in Victoria, Texas; and NorthMarq negotiates a $13 million refinance.
NYSERDA Partnership to Boost Financing for Clean Energy Projects in NY
The New York State Energy Research and Development Authority has announced a partnership with the Energy Improvement Corporation that will enable Commercial Property Assessed Clean Energy financing to direct low-cost capital toward multifamily and business projects across the state.
Boston Capital to Invest in Two Affordable Housing Projects in N.C.
Boston Capital has announced that it will invest in the construction of two affordable multifamily community projects in North Carolina. The projects include Lockwood Village Apartments in Wilmington, N.C., and Ravenswood Apartments in Wilson, N.C.
Tata Housing Unveils New High-End Residential Community in the National Capital Region of India
Tata Housing Development Company is rolling out a new luxury residential project called Arabella.
Criterion Opens Boutique Resort-Style Multifamily Community in North Dallas
Criterion Property Company has opened VV&M Boutique Residential Living, a 310-unit multifamily community situated at the northwest corner of Montfort Road and Verde Valley Lane on the Addison/Dallas border.
Carrfour and Pinnacle Open Affordable Property in Little Havana
Carrfour Supportive Housing and Pinnacle Housing Group have opened Amistad Apartments, an 89-unit property they developed in Miami’s Little Havana neighborhood.
Vantage Assumes Helm at The Premier in Silver Spring
Vantage Management recently took over the management of The Premier, a six-month-old, 14-story high-rise apartment tower in Silver Spring, Md. Owned by Guardian Realty Investors and designed by WDG Architects, The Premier features 160 residential units, as well as retail space.
TODAY’S DEALS: Pillar Originates $20.7M HUD Loan
Pillar originates a $20.7 million acquisition and rehabilitation loan for an affordable asset in Michigan; HFF arranges $8.5 million for a 244-unit community in Tampa; and Boston Capital provides capital for two LIHTC properties in North Carolina.