News
Berkadia Facilitates $46M Loan for IA Student Housing
Senior Managing Director Peter Benedetto and Associate Director Aaron Moll, both of Berkadia’s Detroit office, arranged the bridge loan on behalf of The Tailwind Group.
Tucson Asset Trades for $12M
The city has seen numerous firms invest in the area over the past few years, creating extensive job opportunities across multiple industries.
Hunt Mortgage Secures $4M for AZ Assets
The Tucson properties are adjacent to each other and comprise a total of 158 units with a combined size of 190,512 square feet. The communities were acquired by RGCD Investments.
Garden Community Fetches $28M in Birmingham
The acquisition of the 24-building property was funded by a 12-year, $20.7 million loan held by Fannie Mae.
Austin Luxury Condo Tower Tops Out
Fifth & West boasts 315-degree vistas, due to its unconventional triangular shape and location within the Capitol View Corridor. It is anticipated for delivery later this year.
Arrimus Capital Acquires IA Luxury Student Housing
Stadium View, adjacent to Iowa State University in Ames, includes 197 units and 518 beds. The property is currently 99 percent leased.
Construction Begins on $30M Affordable Project in Long Island
Speonk Commons will consist of 66 units, across two development sites in Suffolk County. Several public and private entities provided funding for the project.
NYCHA Partners Up for Affordable Housing Renovations
Including these three new developer alliances, the PACT program will have updated 3,077 apartments with a total investment of $640 million.
10 Picks From the 2018 International Builders Show
In preparation for the “30 in 30: The Top Multifamily Products” panel presentation, EdR’s Jeffrey Resetco spent hours walking the show floor. MHN asked Resetco to share the thinking behind his best selections, which included Allura, Jeld-Wen, Sherwin-Williams, Schluter, Johns Manville, Carrier, Rinnai, AGS Stainless and Tio, Humidex.
Economy Watch: Amazon HQ2 to Drive Up Rents in Winner’s Market
Some markets will benefit more than others, but every location under consideration would be able to offer a rate hike—some as much as 2 percent.