News
Private Sector Intervenes to Mitigate Gentrification in DC
Families throughout the metro are facing a workforce housing shortage that the Washington Housing Initiative aims to remedy. The organization’s leaders lay out their plan in an exclusive podcast.
Columbia Pacific Secures $118M for Senior Housing Portfolio
Capital One arranged the adjustable-rate loan for the company’s fee interest acquisition of a four-property, 518-unit senior housing portfolio spread across three states.
JV Pays $150M for Brooklyn Senior Housing Community
Located in Bay Ridge, Shore Hill Housing consists of two interconnected 14-story towers totaling 558 units for low-income senior residents.
Affordable Community Changes Hands in Columbus
The sale of Winchester Lakes involved two loans, one in the amount of $17.7 million and other loan of $3.5 million.
Cleveland’s Crystal Tower Changes Ownership
K&D sold the 268-unit building to Odin Properties in a $6.6 million deal. The purchase involved a $5.8 million loan held by Firstrust Bank.
Public Housing Authorities Find Power in Solar
Municipal owners are taking advantage of this viable source of sustainability, jobs, savings and revenue.
GFI Realty Appoints New Senior Managing Director
An industry professional with more than 20 years of commercial real estate experience, Matthew Sparks will oversee investment sales activity for the company’s multifamily portfolio in New York City.
Work Begins on Partially Affordable SLC Community
Millcreek Station will encompass 70 units. Of those, 56 will target households with incomes ranging from 25 to 50 percent of the area’s median income.
Knoxville Finds a Second Wind
With rents bouncing back to a 4.1 percent year-over-year growth rate as of August, the metro’s multifamily market is in the midst of a resurgence.
287-Unit Project Breaks Ground in South Salt Lake City
The development will replace four office buildings. Castlewood Development intends to finish work on the new multifamily project early 2020.