Finance & Investment
Trophy Transactions Reflect a Healthy Investment Market
The largest multifamily transactions being completed today, from trophy to distressed, show an investment market that is running in high gear.
MHN Interview: JLL’s Darcy Miramontes
Recently hired as an EVP, Darcy Miramontes talks to MHN about how she plans to help Jones Lang LaSalle capitalize on a hot apartment market in Southern California.
Work Begins on Affordable Seniors Housing in Gurnee
Gurnee, Ill.–Credit Capital L.L.C., together with partner Richman Group, have underwritten a $20.2 million private equity investment to construct an affordable seniors-housing complex.
Boston Capital Closes One Fund, Launches Another
Boston–Boston Capital Corp., a long-time player in multifamily investment, has closed one fund and is now putting another together for the acquisition of apartment properties.
Miami Condo Project Targets International Buyers
Miami–The 292-unit Marquis Residences, a downtown Miami condominium developed by Africa-Israel USA, is seeking international buyers, and so far the strategy is working.
California Congressman Calls for Replacement, Not Elimination, of GSEs
Washington, D.C.–Rep. Gary Miller (R-CA) plans to introduce a bill that would replace the GSEs with a new, consolidated entity whose function would be very much like Fannie and Freddie.
How Much Debt Is Too Much?
The implications of our national debt to real estate, our families and our future cannot be ignored. It’s a drug we can no longer afford.
Demand for Multifamily Construction Lending
The flow of multifamily construction financing is slowly increasing, and lenders have more than their fair share of choices for investing.
Centerline Capital Group Expands Affordable Housing Debt Team
New York–Centerline Capital Group’s Philip Melton discusses with MHN the company’s thinking behind expanding its affordable housing debt products division.
Obama’s Better Buildings Initiative Estimated to Create 114,000 New Jobs
An analysis by The Real Estate Roundtable, USGBC and the Natural Resources Defense Council finds that the White House’s new energy-efficiency plan would create 114,000 private-sector jobs, mostly in construction.