News
Chicago’s Rogers Park Gets New Affordable Housing
Walsh Construction and the Chicago Housing Authority broke ground on a 54-unit community located on a vacant lot which hosted the former Adelphi Theater.
TruAmerica Expands Salt Lake City Footprint with $46M Buy
The 253-unit Country Lake in Silicon Slopes is the company’s fourth community in the metro. The new owner has plans to renovate the 1973-built property.
Crescent Communities Opens Up Atlanta Development
The developer broke ground on the 320-unit luxury community in early 2017, with KeyBank providing nearly $45 million in construction financing.
SoCal Affordable Community Changes Hands
The 60-unit fully affordable property fetched a price tag of $3 million, with the buyer landing $2.7 million in acquisition financing.
Brooklyn Braces for Banner Year
Most of the upcoming multifamily supply is geared toward the market’s Lifestyle segment. That will intensify the borough’s severe affordability crisis.
ClearWorth Capital Acquires 212-Unit Texas Asset
The new owner is planning an extensive renovation plan for the 1983-built community, including amenity improvements and additions.
JV Begins Phase 2 of $1B Hudson Valley Development
SunCal and Diversified Realty Advisors’ Edge-on-Hudson in Sleepy Hollow will comprise 1,177 multifamily units, a 140-key boutique hotel and 165,000 square feet of commercial space.
Standard Communities Nabs Affordable RI Asset
Following the acquisition, the company intends to perform an extensive rehabilitation of the 106-unit Curtis Arms Apartments in Providence.
Boston-Area Community Preserves Affordability for Next 40 Years
Asian Community Development Corp. purchased the Martensen Village in Quincy, mass. The new owner acquired the property under a state law that prevents it from being sold and converted into a market-rate community.
KeyBank Provides $39M Loan for Historic Cleveland Community
The financing comprises three different types of loans, which will contribute to the redevelopment and preservation of Commodore Apartments, a 198-unit property.