Development
TODAY’S DEALS: Venterra Realty Lands Financing for Houston-Area Buy
HFF arranges financing for an acquisition in Texas; Urban Land Conservancy buys land for an affordable TOD in Denver; and NorthMarq Capital arranges a $10.5 million cash-out refinance.
MHN Interview: The State of the Housing Industry
Peter Muoio, head of research at Auction.com, talks to MHN about housing demand and his predictions for multifamily.
TRANSCRIPT: Facebook Chat with Donald Capoccia, President, NYSAFAH
The transcript from Donald Capoccia’s, president, New York State Association for Affordable Housing (NYSAFAH), live chat on the MHN Facebook page.
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.