Finance & Investment
Chicago-based REIT Acquires 235-Bed Student Housing Property in St. Paul
By Gabriel Circiog, Associate Editor Chicago-based real estate investment firm Harrison Street Real Estate Capital has closed on a 235-bed student housing property dubbed Stadium Village Flats, the Minneapolis / St. Paul Business Journal reports. Situated at the University of Minnesota in St. Paul, the Stadium Village Flats were sold by the Opus Group. The […]
MHN Interview: Landmark Apartment Trust of America’s CEO on Recapitalization and Baby Boomers
Landmark Apartment Trust of America Inc., a real estate investment trust, recently completed a $536 million recapitalization transaction. MHN speaks to Jay Olander, CEO, Landmark Apartment Trust, about this recapitalization, as well as why his company strategically targets baby boomers at their class-A properties.
Forest City Enterprises Plans to Sell Remaining Land Holding in Central Station Development
By Gabriel Circiog, Associate Editor Cleveland-based Forest City Enterprises Inc. has signed a letter of intent to sell its remaining land holdings in the Central Station development, ChicagoRealEstateDaily.com reports. Located in the South Loop, the large-scale residential project has managed to transform the neighborhood before being hit by the condo crash. The developer has decided […]
Wood Partners to Begin Construction on New Apartment Building
By Alex Girda, Associate Editor Nationwide multifamily developer Wood Partners announced construction on its latest Seattle-area apartment building is set to begin. The company will develop a 27-story residential complex at 225 Cedar St. in Belltown. The dining- and entertainment-heavy district is a suitable venue for the multifamily project, which aims to attract workers in […]
Inside the Deal: Shore: The Largest HUD Financed Project in LA
The $125 million Federal Housing Administration (FHA)-insured loan provided for the 544-unit Shores in Marina del Rey is the largest Section 221(d)(4) completed in the history of the Los Angeles Department of Housing and Urban Development (HUD) office.
FHA Multifamily Programs
A guide to popular multifamily financing from the Federal Housing Administration.
Henderson’s Vantage Lofts Gets $15M Restart; Ryland Homes Debuts
By Alex Girda, Associate Editor A stalled 20-acre residential development is getting new life after its acquisition by Rothwell Gornt Cos., a venture capital fund. Recently acquired out of bankruptcy, the Vantage Lofts development is set to resume construction and is slated for completion in the next six to nine months, the Las Vegas Review-Journal […]
440-Foot Tower Proposed for Seattle
By Alex Girda, Associate Editor Seattle city planners have recently been forwarded plans for a brand-new 440-foot tower that would be developed at the corner of Second Avenue and Stewart Street. With permit applications yet to be filed, there are no major details on the project. However, The Seattle Times has released a number of […]
MHN Interview: CEO of CDT Discusses the State of Capital for Affordable Housing
The Community Development Trust recently was awarded $1.45 million from the Community Development Institutions Fund (CDIF) to preserve affordable housing. MHN talks to Joe Reilly, president and CEO of CDT about this award, as well as the state of capital for affordable housing across the country.
Undeveloped Tract Transformed into a $35M Mixed-Use Project in East Austin
By Camelia Bulea, Associate Editor Richard deVarga, a local developer and architect, and Robert Summers, an Austin attorney and arts advocate, recently bought 25 acres of undeveloped land in East Austin and plan to convert it into a $35 million mixed-use project that will include 150 residences along with public, studio and retail space. It […]