Development
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.
Seattle’s Eco-Friendly Stream Uptown Community Begins Leasing
Stream Uptown, a 118-unit, Class-A, mid-rise apartment community in Seattle’s Uptown enclave, has begun leasing residences. The announcement was made by Stream Real Estate LLC, a Seattle-based company focused on developing multifamily residential properties in the core of the Emerald City.
TODAY’S DEALS: EQR Secures $2.5B Credit Line for Archstone Deal
Equity Residential closes a $2.5 billion credit facility; The Bozzuto Group announces details regarding a D.C. condominium development; and NorthMarq Capital arranges a $16.5 million life company loan.
TODAY’S DEALS: Related California Breaks Ground on 19-Story L.A. Tower
Related California begins a $120 million project in Los Angeles; NorthMarq arranges $62.09 million in Freddie Mac refi loans for S. Florida properties; and Gingko Residential completes an $8.5 million purchase in Charlotte.
Construction Could Approach 1999 Peak Levels by Year End
The multifamily sector will continue to be the darling of the commercial real estate industry throughout 2013 according to panelists on the “2013 Kick-Off Webinar for Apartment Development” hosted by Humphreys & Partners Architects.