Finance & Investment

Mission Lenders Fueled Motor City’s Comeback

After the housing crash, Detroit’s revival was powered by mission lenders. Nearly 42 percent of investment in Detroit real estate was possible with financing from such alternative financing organizations. Urban Institute’s Brett Theodos filled MHN in on mission lending and its opportunities for expansion.

Boston Affordable Housing Gets $14M Renovation

LIHC Investment Group and Weston Associates received financing that will keep the 380-unit Shore Plaza Apartments affordable for the next 20 years.

Affordable

Mallory & Evans Brings Student Housing to SC, AL

The company is adding Bellamy Coastal and Bellamy Florence to its luxury student housing brand. Totaling $56 million, the two communities are scheduled for completion by fall 2018.

Student Housing

Regions

Change City

FL Mixed-Use Community Adds Multifamily Component

Edera at Coconut Point will be the only residential rental property within the 500-acre, master-planned, mixed-use development.
South 19 September 2017 16:10
Sagora Senior Living Breaks Ground on First CA Community

The 14-acre campus will feature independent living, assisted living and memory care apartments. The Rocklin, Calif., asset will be the company’s 29th retirement community.
Sacramento 18 September 2017 14:47
Miami Community Commands $37M

Evan Kristol and Felipe Echarte of Marcus and Millichap’s investment team worked on behalf of the private seller to procure the buyer, Blue Rock Partners, for the transaction.
Miami 15 September 2017 17:02
On the Market: 5 Interesting Listings for the Week of 9/11

This week's listings include a Seattle-area property on nearly 80 acres of land and a fully renovated 1920s asset in Los Angeles' Koreatown.
National 15 September 2017 13:42
JV Sells Downtown Santa Monica Mixed-Use Asset

The Marcus & Millichap division represented Century West Partners and BlackRock Realty Advisors Inc., and also procured the buyer. Chelsea Santa Monica includes 53 units and almost 6,000 square feet of retail space.
Los Angeles 15 September 2017 09:09
Greystone Closes $77M Transaction for SC Portfolio

The initiative recapitalizes and preserves the affordability of 18 communities. All the 762 units are restricted to low-income households and will undergo renovations to improve the exterior and interiors.
South 14 September 2017 20:26
Capital One Refinances Illinois Nursing Facility

The $21.5 million fixed-rate HUD loan will be used to refinance Avantara Long Grove, a senior nursing facility in Long Grove, Ill.
Chicago 14 September 2017 15:15