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NYC Mixed-Use Project Advances with 2 Residential Towers
TF Cornerstone is developing the second phase of Hunters Point South, a master-planned community in Queens’ Long Island City neighborhood. The new high-rises will add 1,194 residential units to the site along the East River.
Round Hill Capital Invests in Florida Workforce Housing
European fund manager Round Hill Capital is raising its profile in the U.S. by teaming up with Affiliated Development for a series of workforce housing investments, starting with a 142-unit project in Fort Lauderdale.
Upscale Mixed-Use Community Opens in LA
Developed by the Korda Group, the 138-unit luxury apartment building was designed to blend into the surrounding neighborhood’s Art Deco style.
Lang Partners Breaks Ground on Fort Worth Community
The Dallas-based developer is bringing the high-end, 390-unit project to the city’s Near Southside district, a neighborhood in the midst of revitalization.
CareTrust REIT Closes $211M Senior Housing Acquisition
The 12-property portfolio totals 1,734 beds across Louisiana and Texas. The seller is an affiliate of BM Eagle Holdings LLC.
UBS Enters Affordable Housing with $248M Portfolio Deal
The bank’s asset management arm together with Avanath Capital Management formed a new fund for the 14-property, 2,085-unit multifamily portfolio. Most of the assets are located in California and Florida.
Common Unveils $300M, 4-City Expansion Plan
The co-living brand will launch new communities in four major U.S. cities over the next three years, adding to its current roster of six metros.
2 NYC Projects Land $181M in Financing
Merchants Capital secured financing for two affordable housing developments in the East Harlem and Flatbush neighborhoods that together total 659 units.
Could Opportunity Zones Impact Residential Condo Developments?
One Nashville real estate investor and developer said the unintended consequence of Opportunity Zones in the rapidly growing city could mean a further constraint on the condo market, particularly in the downtown core.
Zillow Launches Mortgage Lending Platform
The real estate listings giant has announced that it will offer mortgages to consumers through Zillow Home Loans, a rebrand of the former Mortgage Lenders of America.