Business Specialties
Hines Selects Gehry Partners Design for Germany’s Tallest Residential Tower
International real estate firm Hines announced that Gehry Partners has won the architectural competition for the company’s 300-unit apartment project in Berlin. The asset is the first residential high-rise development in Berlin since the 1970s, and will likely be the city’s tallest.
MHN Interview: Anand Kannan, President, Community Preservation Partners
Low income tax credit specialists WNC & Associates may have more than 40 years of experience in affordable housing, but the firm isn’t afraid to put youth in the driver’s seat of its rapidly expanding subsidiary, Community Preservation Partners.
Atlantic | Pacific Companies Acquires Class A Asset in San Marcos, Texas
Atlantic | Pacific Companies has added another Class A asset to its portfolio with the purchase of The Palazzo, a 300-unit garden-style apartment located in San Marcos, Texas.
Fannie Mae Provides $28.8 Billion in M-F Financing in 2013
Fannie Mae details its 2013 financing activity. The GSE met the FHFA’s 10 percent reduction mandate from 2012 levels, though the entity still saw an uptick in seniors and manufactured housing activity.
Southern Land Company Breaks Ground in Philly
Southern Land Company breaks ground on a $110 million, 28-story residential tower at 3601 Market Street in Philadelphia. It is the first residential building in the 50-plus-year history of University City Science Center.
Borrowers Start Using Freddie Mac Index Lock Program
Centerline Capital Group has become one of the first lenders to execute under the new Index Lock program with a $13.3 million loan for a Texas property.
The Aspen Cos. Purchases Three Affordable Assets in Georgia
New Jersey-based The Aspen Cos. has picked up a trio of affordable housing communities for slightly more than $9 million. The move adds more than 300 units to its expanding portfolio in the Southeast.
JBG Teams with STRS Ohio on Arlington County Mixed-Use Development
The JBG Cos. has entered into a joint venture partnership with the State Teachers Retirement System of Ohio to develop Central Place, a 31-story, mixed-use development in Roslyn, Va.
Mack Urban Plans New Development in Portland
Mack Urban has purchased 1.67 acres of prime waterfront property in Portland’s South Waterfront District, and plans to develop a six-story mid-rise multifamily structure featuring up to 281 apartments.
Freddie Mac Singles Out Top 2013 Multifamily Lenders
After a year that saw Freddie Mac settle nearly $26 billion in new multifamily volume, its second largest figure ever following a banner 2012, the GSE announces its top lenders for 2013.