Deals
TODAY’S DEALS: Audubon Enters Athens Growth Play with Options
Adaptability proves key in an Athens acquisition, and Capital One advances a refi loan to property with 99 percent occupancy.
TODAY’S DEALS: Berkadia Supplies Massive Loan for Portfolio Acquisition
Berkadia finalizes financing for a huge multi-million dollar sale, and a value-add firm bets on Vegas as a retirement destination.
CPC Helps Keep NYC Community Affordable
With funding through Freddie Mac, Community Preservation Corporation has closed on a $40 million loan for the refinancing of Cathedral Parkway Towers. Refinancing helps prevent otherwise unavoidable rent increases that would have resulted from escalating operating costs at the 309-unit Mitchell-Lama project on West 110th Street in New York City.
Successful Structures
CBRE’s Trehubenko favors transparency, patience and clarity when structuring complex affordable housing financing.
ResiModel Announces Additions to Client Roster
ResiModel, a platform for aggregating, standardizing and analyzing financial data for multifamily transactions, reported a roster of clients that it onboarded during the first quarter of 2015.
Is the Gap Widening Between the Rich and Poor?
A new report by the Brookings Institution looks at the gap between the richest and poorest households.
Economy Watch: Is the Strong Dollar Good for Real Estate or Not?
The world is turning to the U.S. dollar. What does this mean for real estate?
TODAY’S DEALS: Millennium Tower Boston Completes $650M in Sales in Four Months
Millennium Partners demonstrates an appetite for the ultra-luxury condos in Boston; Bluerock Residential Growth REIT is attracted to Austin; and Hunt Mortgage provides a Fannie Mae loan facility to a property located in Rochester, N.Y.
MIPIM Special Report: Five Cities that Lead the Way
Cities need to leave the traditional concept of competition behind and embrace the notion of teamwork on a regional scale.