Business Specialties
TODAY’S DEALS: Walker & Dunlop Provides TF Cornerstone with $120M
Walker & Dunlop lands $120 million for an apartment tower in Queens, N.Y.; a new mixed-use asset is coming to Charles City, Iowa; and NorthMarq arranges a $19.9 million mortgage with two years interest-only.
MHN Interview: How $1B Will Affect Affordable Housing in New York State
New York Governor Andrew Cuomo recently committed $1 billion to the House New York program. MHN speaks to Donald Capoccia, president, New York State Association for Affordable Housing, about what this government investment will mean for the future of affordable housing in New York.
‘What Renters Want’ with Jessica Fiur: Should You Splurge or Save on These Construction and Management Items?
There are some things when developing a property that cost more up front, but pay off later. There are also things that aren’t worth the investment. Here are some suggestions.
PROFILE: Bloomfield Capital Finds Opportunity in Taking Out Distressed Loans
It may be a struggle to find lenders for certain distressed properties today. Those are the very properties that Bloomfield Capital caters to.
Work Begins on Phase Two of Suburban Dallas Transit-Oriented Development
Developer Huffines Communities has started work on the second phase of Hebron 121 Station in Denton County, which is in the northern part of metro Dallas. The project is slated for completion in the summer of 2014. According to the developer, the architectural design for the project will continue to be influenced by the style of coastal U.S. resorts and the West Indies.
MNS Reports Predict 2013 Rent Growth in Manhattan, Brooklyn
Rent growth will continue in both Manhattan and Brooklyn in 2013. That is among findings included in the Year End Manhattan and Brooklyn Rental Reports from real estate brokerage MNS, released in mid-January.
New High-Tech Dry Cleaning Amenity is Unveiled to Apartment Market in Detroit
In keeping with the innovative nature of previous ventures, nationally recognized dry cleaning entrepreneur Wayne Wudyka recently unveiled his new “bizzie” at an event at the Farbman Group’s Lofts @ Woodward Center in downtown Detroit, Mich.
TODAY’S DEALS: Mack-Cali Buys Two Luxury Properties in Boston MSA
Mack-Cali buys two luxury assets for $150 million; Johnson Capital arranges record loan value per unit of $525,000 per unit; and Marcus & Millichap sells a Delaware property for $5.8 million.
ST Residential LLC Puts 326-unit Lex up for Sale
Chicago-based ST Residential LLC has hired brokers Holliday Fenoglio Fowler and Eastdil Secured to manage the sale of a 13-property portfolio, with an estimated value of close to $1 billion.
Special Report: Multifamily Development Trends from NMHC Annual Meeting
At the recent NMHC Annual Conference, speakers at the session “Creating Communities: New Development and Redevelopment Opportunities” discussed the new development trends for multifamily.