Business Specialties
LISC Invests $1.1B in Low-Income Community Revitalization in 2010
New York–Last year, the Local Initiatives Support Corporation invested an aggregate $1.1 billion in grants, loans and equity to help give new life to low-income communities.
Boston Capital Invests in Virginia Affordable Housing Development
Stuarts Draft, Va.–Boston Capital Corp. has agreed to become the latest investor in the construction of Montague Terrace Apartments, an affordable multifamily development in Stuarts Draft, Va.
Zillow Expands Zestimates to Include Rentals
eattle–Zillow has launched “Rent Zestimates,” a tool that can be used as a starting point for determining a home or apartment’s estimated monthly rent price, expanding on Zillow’s Zestimate home valuations.
$70M HUD Loan Moves Mixed-Use TOD Forward in Northern Virginia
Ashburn, Va.–Financing is in place for The Residences at Loudoun Station, a mixed-use project marking the first phase of a 3.8 million square-foot transit-oriented development.
FHLBank Atlanta Pays $8.3M for N.C. Affordable Housing
The Federal Home Loan Bank of Atlanta has awarded $8.3 million to assist in funding 18 affordable housing projects in North Carolina.
Q&A with Crescent Resources’ Todd Farrell
Todd Farrell, president of Crescent Resources Multifamily Development Group, talks to MHN about Crescent Resources’ foray into student housing.
RealtyJoin Launches Version 2.0 of Its Social Marketplace
Atlanta–RealtyJoin, a free interactive social and business-networking site for the real estate industry in the United States and Canada, has launched version 2.0.
Condo Convertor Offers Deep Discounts on Chicago Property
Chicago–Condo sales and prices were down in 2010. American Invsco is temporarily knocking half the price off units in one of its properties.
$74M Mixed-Use Project Will Combine Grocery and Residential
Alexandria, Va.–Buchanan Partners and The Pinkard Group have joined forces to develop a $74 million mixed-use residential property with ground-level retail.
Adaptive Reuse at San Francisco’s Presidio, Plus Slideshow
Tucked into a corner along the southern edge of the Presidio, the district’s long-empty buildings have undergone amazing transformations, preserving their original character while incorporating contemporary sustainable features.