News
Hurricane Season Raises Insurance Concerns
Douglas Jones of JAG Insurance Group talked to MHN about the challenges insurance companies and clients face in the aftermath of this year’s hurricane season, as well as about the potential impact of the GOP’s proposed tax plan.
Fourmidable Secures Management Deals for Ohio Communities
The company will run several Section 8, tax credit and public housing communities throughout the state. The properties total 395 units.
Transwestern Secures $23M Sale of 2 Denver Assets
The company worked on behalf of the sellers—29th Street Management LLC and Bayo Vista LP. Village West traded for $10.8 million and The Village Apartments was sold for $12.4 million.
Phoenix Asset Changes Hands for $40M
Mountain Park is located in Ahwatukee Foothills, offering residents job opportunities along the West Chandler employment corridor.
Winds of Change Buffet Chicago Multifamily
At the Lincoln Park Builders of Chicago Real Estate Forum, panelists shared insights on what’s next for the city’s development market.
Dougherty Arranges Refi for 77-Unit Community in Ohio
The national mortgage banking firm closed a Fannie Mae loan for Legends Pointe in Canton, Ohio. Dougherty’s Minneapolis office worked for borrower Legends Pointe Apartments.
LA Community Sells for $16M
Transwestern brokered the sale on behalf of the seller, a private investor and also represented the buyer, Winstar Properties Inc., in the off-market transaction.
From Mall to Mixed-Use
Encore Capital Management has started construction on Plantation Walk in Plantation, Fla. Formerly Plantation Fashion Mall, the project is one of the largest currently planned in Broward County.
Electra America Snags 6th San Antonio Community
The company has purchased the 366-unit Firewheel Apartments, located in the North Hampton neighborhood. Berkadia’s South Florida team arranged the financing.