News
Hines JV to Build 2.5 MSF North Carolina Project
Along with co-developers Columbia Development Group and USAA Real Estate, the firm is building Fenton, a 92-acre mixed-use project in the Raleigh-Durham area.
TruAmerica, Blackstone Buy 608-Unit Portfolio for $97M
For their second deal since forming a joint venture last year, the partners picked up a 368-unit community in central Las Vegas for $58 million, along with a 240-unit asset west of Atlanta.
GVA Real Estate Group Acquires San Antonio Community
JLL represented the seller in its disposition of the 170-unit Victorian Village. The buyer took out an undisclosed loan for the purchase from MF1, set to mature in 2022.
Silverstone Breaks Ground on $75M NoVa Senior Community
The company will bring 124 assisted living and 30 memory care units to Metro West, a mixed-use, transit-oriented development in Fairfax County.
Freddie Mac Was Targeting Opportunity Zones Before They Existed
The government-sponsored enterprise found that its financing activity in what are now designated as qualified opportunity zones grew more than 75 percent faster than in other areas since 2010.
New Jersey Project Scores $45M Construction Loan
Kushner Real Estate Group broke ground on the 200-unit luxury multifamily community in Bayonne last summer and expects to finish in the spring of 2020.
DC Development Gets $192M in Financing
A joint venture of MRP Realty and FRP Development Corp. is building Bryant Street, a 1,500-unit, mixed-use property in the northeast area of the city.
REHAU Upgrades Residential Fire Sprinkler System with Fitting Technology
The system, which meets NFPA requirements, comprises of FIREPEX tees and elbows, RAUPEX white UV shield crosslinked PEXa pipes and EVERLOC+ fittings.
What You Should Know About Construction Lending
Jonathan Lee, a principal & managing director at George Smith Partners, sheds light on the opportunities and challenges of financing ground-up multifamily projects.
Rehab Complete on Affordable Sacramento-Area Property
Community Preservation Partners invested $35.6 million at Danbury Park Apartments, a 140-unit asset in Antelope, Calif. Ten percent of the community is now ADA compliant.