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Affordable Housing Project Springs Up in Affluent L.A. Suburb
Neighbors were not initially receptive to Mirandela, a 34-residence affordable seniors housing apartment property, but the finished product has brought nothing but accolades.
2,580-Unit Multifamily Portfolio Trades for $460M
In a joint venture, Pantzer Properties and Dune Real Estate Partners have acquired the eight-community Magazine Portfolio in metropolitan Washington, D.C. for $460 million.
Q&A with Crescent Resources’ Todd Farrell
Todd Farrell, president of Crescent Resources Multifamily Development Group, talks to MHN about Crescent Resources’ foray into student housing.
Condo Convertor Offers Deep Discounts on Chicago Property
Chicago–Condo sales and prices were down in 2010. American Invsco is temporarily knocking half the price off units in one of its properties.
Unfinished Part of Sterling Pointe Development in N.J. Trades Hands
Somerset, N.J.–Sterling Properties has sold 80 home sites at its over-55 property to K. Hovnanian Homes, which will build out the final phase of construction.
Multi-Year Opportunities for Multifamily Investing
Meeting the demands and desires of millions of new apartment dwellers will continue to provide investors with solid returns, now and well into the future.
Cityline Partners Plans 40-Acre Tysons Corner Transformation
McLean, Va.–Cityline Partners has unveiled a plan for the long-term transformation of about 40 acres of land into an integrated mix of residential, office, hotel and retail.
Colliers Completes $2.5M Huntington Beach Sale
Huntington Beach, Calif.—Colliers International has completed the sale of 10 condos, bought in bulk, for $2.5 million by Symphony Real Estate Fund.
BRE Acquires 220-Unit Community for $56.5M
Valencia, Calif.–BRE Properties Inc. has acquired The Vistas of West Hills, a 220-unit property in Valencia, Calif. for approximately $56.5 million.
Development Team Chosen for Biggest NYC Affordable Housing Project in 40 Years
New York–The Hunter’s Point development will encompass 5,000 new housing units–75 percent of which will be reserved for low-, moderate- and middle-income families.