Business Specialties
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.
ULI and Enterprise Release Comprehensive Affordable Housing Solutions Report
The supply gap between affordable rental units and extremely low-income renters continues to widen. ULI and Enterprise Community Partners address the issues surrounding the availability of affordable housing in their new report: Bending the Cost Curve.
Luxury TF Cornerstone Condo in L.I.C. Reaches Full Occupancy
The View, a luxury condo in the Queens neighborhood of Long Island City, has reached 100 percent occupancy. Modern Spaces handled sales.
BofA Merrill Lynch Increases Community Development Lending by 25 Percent
Bank of America Merrill Lynch’s Community Development Banking business finalized about $3.3 billion in loans, tax credit equity investments, and other real estate development mechanisms in 2013, roughly 25 percent more than during 2012.
Enterprise Finishes 2013 by Closing 11 Affordable Housing Syndication Deals
Affordable housing finance and investment organization Enterprise Community Investments Inc. wrapped up 2013 with 11 new LIHTC-financed developments and rehabs.
TODAY’S DEALS: Sares Regis Grabs an Oregon Asset
Belkorp Industries sells a 129-unit asset to Sares Regis; and Pembrook Capital closes two bridge loans totaling nearly $19 million.
Ismael Leyva to Design Manhattan Student Housing for School of Visual Arts
Magnum Real Estate Group has tapped Ismael Leyva Architects to design the new School of Visual Arts dormitory at 407 First Ave. in Manhattan.