News
Freddie Mac Details Housing Finance, Economic Trends
Recently appointed Freddie Mac Vice President & Chief Economist Sam Khater, along with the GSE’s Vice President of Multifamily Research and Modeling Steve Guggenmos, discuss the decline in housing affordability and their organization’s efforts to address it.
VA Property Trades for $51M
Hasta Capital acquired The Residences at City Center, a 291-unit transit-oriented apartment community in Manassas Park. HFF’s investment advisory team represented the seller.
NYC Community Lands $53M Refi
Walker & Dunlop arranged the 12-year, fixed-rate loan on behalf of the developers, Quinlan Development Group and Lonicera Partners, for 153 Remsen in Brooklyn Heights.
263 Luxury Condos Coming to FL
Joseph Kavana’s Metropica in Sunrise is slated to be one of the largest mixed-use communities in the country when completed. Phase I will open in December 2018 and will include a salt-water pool, tennis courts and cross-training facilities.
Healthy Demographics Push Up Demand in Portland
The city’s strong economy makes it an attractive metro, especially for young professionals looking for high-income jobs.
Another Affordable Property Opens in ABQ
Sterling Downtown is the first WELL-registered multifamily property in the Southwest. The property was designed to achieve LEED Platinum certification.
Multifamily Value-Add Trades in Phoenix
A partnership between Thomas Pride International and Ecohouse Real Estate purchased Phoenician Villa Apartments, a seven-building asset comprising 93 units.
Affordable Albuquerque Community Opens Doors
The Village at Avalon, containing 240 units, broke ground in early 2016. GSL Properties utilized nearly $20 million in revenue bonds to finance construction.
AMG Realty Trades 512-Unit NM Property
The buyer funded the acquisition of the Class C community with a $14.3 million Fannie Mae mortgage provided by Arbor Realty Trust.
CBRE Hires Affordable Housing Expert
In her new role as director & industry specialist, Sarah Garland will support origination of affordable and workforce housing debt financing.