News
JCM Partners Sells Sacramento Community for $61M
The buyer, 29th Street Capital, financed the acquisition of the 417-unit multifamily asset with a nearly $47 million Freddie Mac loan.
Solomon Org. Acquires Pittsburgh Community for $41M
The buyer financed the acquisition of the 316-unit property with a $32.4 million Freddie Mac loan originated by M&T Bank.
Pittsburgh Community Changes Hands
The 124-unit Class C property was sold for nearly $5 million. The new owner financed the transaction with a $7.5 million acquisition and development loan.
Mobile Doorman and ButterflyMX Announce Partnership
The new mobile app feature will enable residents to open and manage doors, issue virtual keys and delivery PINs, and have video chats with visitors and couriers.
J Street Begins Work on 9-Unit DC Condo Project
John Marshall Bank provided construction financing for The Pacifica, a luxury community to be built at the confluence of Dupont Circle and West End neighborhoods.
Berkadia Facilitates $49M Financing for Chicago Redevelopment Project
The company arranged a non-recourse renovation loan with Granite Point Mortgage Trust on behalf of developer CEDARst Cos.
2018 MHN Excellence Awards: The Judges’ Comments
The judges of this year’s awards program discuss standout entries from the submission pool and how those point to industry trends.
SC Affordable Housing Portfolio Gets $77M Upgrade
Greystone Affordable Development, Boyd Management Inc. and portfolio owner WWJ, LLC worked together with public and private partners to secure the tax-exempt bond transaction for the complete rehabilitation of 18 multifamily properties across the state.
Luxury Community Breaks Ground Within ShadowGlen Master Plan
The team behind the project includes architectural firm Cross Architects, civil engineering firm Kimley-Horn, general contractor Journeyman Construction, Mason Joseph Co. and BBG Inc.
JV Lands $36M Loan for NYC Condo Tower
The partnership plans to build a luxury condo building on the Upper West Side that will also include ground floor retail space.