Development
Off-Campus Housing Supply will be Constrained for Foreseeable Future
Campus Crest Communities hosts ‘investor day’ at NYSE boardroom.
Mill Creek Residential Announces New Glendale Luxury Apartment Community
Located at 610, N, Central Avenue, the site will be the home of a new, six-story, mid-rise, high-end apartment structure, one of the first properties of its kind for the developer. Resident amenities will include an underground parking facility, a resort-style pool and spa, an around-the-clock fitness center and yoga facility, a resident clubroom featuring a kitchen and business center, as well as two rooftop decks offering views of the nearby Verdugo Mountains.
TODAY’S DEALS: Walker & Dunlop Provides TF Cornerstone with $120M
Walker & Dunlop lands $120 million for an apartment tower in Queens, N.Y.; a new mixed-use asset is coming to Charles City, Iowa; and NorthMarq arranges a $19.9 million mortgage with two years interest-only.
MHN Interview: How $1B Will Affect Affordable Housing in New York State
New York Governor Andrew Cuomo recently committed $1 billion to the House New York program. MHN speaks to Donald Capoccia, president, New York State Association for Affordable Housing, about what this government investment will mean for the future of affordable housing in New York.
‘What Renters Want’ with Jessica Fiur: Should You Splurge or Save on These Construction and Management Items?
There are some things when developing a property that cost more up front, but pay off later. There are also things that aren’t worth the investment. Here are some suggestions.
Work Begins on Phase Two of Suburban Dallas Transit-Oriented Development
Developer Huffines Communities has started work on the second phase of Hebron 121 Station in Denton County, which is in the northern part of metro Dallas. The project is slated for completion in the summer of 2014. According to the developer, the architectural design for the project will continue to be influenced by the style of coastal U.S. resorts and the West Indies.
Special Report: Multifamily Development Trends from NMHC Annual Meeting
At the recent NMHC Annual Conference, speakers at the session “Creating Communities: New Development and Redevelopment Opportunities” discussed the new development trends for multifamily.
Special Report: Student Housing Trends vs. Traditional Multifamily Communities
At “Student Housing: Any Bumps Ahead in This Strong Sector” session at the recent NMHC Apartment Strategies Outlook Conference in Palm Springs, Calif., the speakers discussed how student housing differs from traditional multifamily apartments.
TODAY’S DEALS: TDI Real Estate Lands $61.6M for a Scottsdale Development
HFF lands $61.1 million for TDI’s Scottsdale development; Hayley Real Estate buys four properties for $51.2 million, initiates a $12.4 million capital improvement plan; and Marcus & Millichap arranges a $57 million sale in value-add opportunities.