Business Specialties
SMA Equities Lands $56M Construction Loan for NYC High-Rise
Located in an affluent Manhattan residential area, the project is set to include 28 affordable housing units, with the remaining 80 apartments targeting market-rate renters.
MG Properties Expands in Inland Empire With $138M Buy
The company added the 319-unit property in Rancho Cucamonga to its Southern California portfolio.
The GSH Group Pays $63M for Suburban Orlando Asset
The new owner plans to invest roughly $4 million in capital renovations.
Long Island Affordable Housing Project Breaks Ground
The $32.3 million Garvies Point development will set aside units for individuals with mobility, hearing or visual impairment.
How WashREIT is Targeting BREEAM Certification: Q&A
Company CFO Steven Riffee details the company’s new sustainability initiative.
Top 5 Northeast Markets for Multifamily Transactions
Investment volume in the region surpassed $3 billion at the end of May, according to Yardi Matrix data.
MORGAN Expands in Texas
The 336-unit property is located in the Austin suburb of Georgetown, Texas, near several corporate headquarters.
Orange County Community Lands $255M Refi
Berkadia placed the financing on the property in Newport Beach, Calif., retiring a CMBS loan.
Short-Term Rental Survivors Positioned for Expansion
Buoyed by remote workers and returning travelers, operators are focusing on revenue sharing vs. long-term leases.
PNC Bank Sells Chicago Affordable Housing for $30M
The new owner will begin renovating the 240-unit community opposite the planned Obama Presidential Center next year.