News
LMC Breaks Ground on 445-Unit Minneapolis Property
The property on First Avenue will include 8,000 square feet of retail and is slated for completion in the fall of 2020.
2 Florida Projects Get $67M in Construction Loans
Developers in Miramar and Palm Bay plan to build communities with 280 units and 197 units, respectively. Hunt Real Estate Capital provided the HUD financing.
San Diego-Area Luxury Community Reaches Completion
Developed by Pathfinder Partners and Silvergate Development in Vista, Calif., the high-end property sits on a 1.5-acre parcel that was initially owned by the California Redevelopment Agency.
JV Lands $415M Loan for Manhattan Tower
Douglaston Development brought in Ares Management Corp. as a partner in its 58-story multifamily project just south of Hudson Yards. The building will offer a mix of affordable and market-rate units.
$560M Redevelopment of Storm-Damaged Community Wraps Up in NYC
A joint venture of MDG Design + Construction and Wavecrest Management completed the rehabilitation of a 1,395-unit public housing community in Far Rockaway, Queens. The project is the country’s largest single-site conversion under HUD’s RAD program.
The Fitness Amenity: A Powerful Factor in Satisfaction and Retention
The economic success of multifamily-building projects and mixed-use developments relies on amenity spaces and especially fitness centers.
Marcus & Millichap Facilitates Sale of 185-Unit Dallas Asset
Republic Funds sold Newport Landing, which at the time of sale was subject to an existing $9.3 million CMBS loan set to mature in 2028.
Artisan Capital Group Buys Downtown KC Portfolio
Besides facilitating the sale, HFF arranged a $51.1 million financing which included a $38.8 million Fannie Mae loan and $12.3 million in joint venture equity.
Fogelman Acquires GA Community for $34M
The company worked with CBRE in the sale of The Hamptons at East Cobb, a 196-unit community situated 17 miles from downtown Atlanta.
CDT, Southport Financial Services Pay $37M for Central CA Portfolio
Located in tight rental markets in Central Valley, the five affordable housing properties will be preserved for residents at 50 to 60 percent of area median rent/income through 2050.