News
Executive Q&A: Managing Lender Risk in 2019
Trez Forman Capital President & CEO Brett Forman touches on the current competitive landscape, his firm’s expansion into New York City and its mantra for success.
Multifamily Manhattan Report – Winter 2019
Despite strong demand, apartment construction across the borough has slowed, while the average rent is approaching the $4,200 mark.
NKF Brokers $123M Sale of High-End Property in Boston
Oxford Properties Group entered the Boston residential market with the acquisition of a 195-unit luxury apartment community adjacent to the Longwood Medical Area.
MI Community Receives $14M Loan
The 88-unit Gateway at Belknap Apartments in Grand Rapids, Mich. received a Fannie Mae DUS Loan funded by Arbor Realty Trust.
$80M Luxury Community for Seniors Coming to Long Island
Triangle Equities is teaming up with GTIS Partners to develop Kensington Estates, an upscale community targeting seniors aged 55 and over in Woodbury, N.Y.
California Sues Huntington Beach Over Lack of Affordable Housing
Gov. Gavin Newsom directed the state’s attorney general to file the first-of-its kind litigation against the city, claiming its non-compliance with state housing law is contributing to California’s housing crisis.
Detroit-Area Asset Changes Hands
The 129-unit Kings Gate in Sterling Heights traded with the help of a $7 million loan. The property is close to several shopping centers and educational institutions.
Multifamily’s Evolving Market
RADCO Cos.’ CEO discusses multifamily investment and trends at NMHC’s 2019 Apartment Strategies Outlook Conference in San Diego.
Hunt Real Estate Secures Financing for Austin Asset
The 12-building property is fully affordable, restricted to individuals and families earning 60 percent or less than the area’s median income.
JV Secures $60M Loan for Miami Project
Built by a partnership of Mast Capital and AEW Capital Management, Miami River Walk will encompass 688 units. The riverfront development is likely to attract residents from among the large number of health professionals working in the area.