Development
Native American Connections Opens Affordable Asset in Phoenix
A new 70-unit, mixed-use affordable housing community has opened in downtown Phoenix.
New Boston Fund, Asian CDC Land Financing for Mixed-Income Development in Boston
New Boston Fund and Asian Community Development Corp. land $114.7 million via HFF for a mixed-income development in Boston’s Chinatown.
Wood Partners Moves Forward with Construction in Germantown, Md.
Wood Partners has broken ground on Alta Liberty Mill, a $60 million, 304-unit community in Germantown, Md.
Crescent Developing 556-Acre Master-Planned Asset Outside Charlotte
Crescent Communities is developing a 556-acre, master-planned community in York County, S.C., that is the company’s first new residential project in the Charlotte area in five years.
MHN Podcast: Development is Booming
Mike Ratliff and Jack Kern take a look at 2014’s development trends. Other sectors are beginning to catch up with multifamily, and shifting retail dynamics are pushing for a new generation of industrial properties located in urban corridors.
Affordable Housing Slated for San Francisco’s Hunters Point Shipyard
AMCAL Multi-Housing and Lennar Urban to develop affordable apartments in southeast San Francisco’s Hunters Point Shipyard-Candlestick Point.
Phoenix Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and MHN’s research editor Jack Kern discuss Phoenix apartment market fundamentals in this edition of our market research podcast.
Affirmed Housing Group to Move Forward with Vermont Villas in Los Angeles
Affirmed Housing Group’s Los Angeles project, Vermont Villas, a 79-unit permanent homeless housing for low-income veterans and special needs seniors, has received 9 percent tax credit funds, which will allow the project to begin construction in April 2014.
Somerset and NHT/Enterprise Form JV to Purchase and Redevelop DC Affordable Housing Community
Somerset Development Company and the National Housing Trust-Enterprise Preservation Corporation have entered into a joint venture for the purchase of the 223-unit Channel Square Apartments located at 325 P Street SW in Washington, D.C.
APARTMENT MARKET STATISTICS: December 2013
Banks are increasing their construction loans for the first time since 2007, according to Chandan Economics.