Development
TODAY’S DEALS: NorthMarq Arranges $39.5M Fannie Mae Mortgage for Acquisition
NorthMarq Capital arranges a $39.5 million Fannie Mae loan through AmeriSphere Multifamily Finance; a JV buys a large Maryland asset; and Steadfast acquires a 26.4-acre parcel in Kentucky with plans for a 256-unit development.
White Paper: Multifamily Manufactured and Modular Construction
Modular manufacturing can offer the opportunity to conduct a meaningful portion of the construction in more competitive labor markets using sheltered, assembly line techniques, thus allowing task-skilled fabricators to conduct much of the building process without formal construction-trade training and apprenticeship.
Health-Oriented Low Income Community Opens in the Bronx
A 124-unit asset with a hydroponic farm opened yesterday in the Bronx. The Arbor House is part of New York’s New Housing Marketplace Plan, and was developed by Les Bluestone.
TODAY’S DEALS: GID Announces Phase II of Dallas Mixed-Use Development
GID Development reveals more details on its Dallas project; The Alexander Anderson Real Estate Group arranges $9.5 million for a 40-unit asset in Union City, N.J.; and Eastern Union’s $25 million in financings yield interest rates of 3.25 and 3.5 percent.
New York City’s Got Green Game
The NYC Green Infrastructure Plan has information about changes to local codes that will enable building owners to do more with their rooftop spaces. The fact that New York is committed to reducing its carbon footprint is positive news for investors seeking to trade multifamily assets.
How Socially Responsible Are Your Apartment Communities?
Afghanistan is frequently in the headlines, but many Americans know very little about this distant and mysterious land. Connie Duckworth wants to change all that.
‘What Renters Want’ with Jessica Fiur: Should You Build Micro Units?
Would you consider having micro units in your building?
TODAY’S DEALS: Brandywine, Campus Crest and HSRE Partner on $158.5M Project
A joint venture announces a student housing tower in Philadelphia; HFF lands $72 million for a Hoboken refinancing; and Centerline provides $43.1 million in acquisition financing for a Houston asset.