News
Stepp Commercial Closes Sale of Long Beach Property
The community traded at a 3.8 percent cap rate and a price per unit of nearly $456,000, a record high for the Belmont Shore area in California.
The May digital issue of MHN is now available!
The May issue offers a special focus on Marketing, including articles about how to better harness the power of social media, new strategies to successfully communicate your message to specific demographic niches, and tech tools that work. You’ll also want to read the latest executive profile in our Mission: Success series, on Daryl Carter’s creation of Avanath Capital Management. In addition, Housing Trust Group’s Matthew Rieger offers a Q&A on development of affordable housing.
Greystar Opens CA Luxury Mixed-Use
Access, located in Culver City, includes 115 luxury apartments and 31,240 square feet of retail. The community has been designated LEED Silver.
Legacy Partners Refinances $37M Loan for SoCal Community Makeover
The company has received HUD approval to refinance a loan from Greystone and plans to renovate a 209-unit property In West Covina, Calif., that it has owned and managed since 2007.
Meridian Lands $20M Loan for Chicago Asset
Meridian secured a bridge loan for the acquisition of Ivy Park Homes, a rental townhome community in the South Side neighborhood.
Tarrytown Boutique-Style Community Announces Opening Date
Located west of MoPac, in Central Austin’s Tarrytown, the property includes 27 new residential units up for lease. The community offers the unique feature of having no stairs, only elevators to and from its underground parking.
Confluence Starts Work on Suburban Denver Apartments
Timberline Farms, a 314-unit, garden-style community, will feature one-, two- and three-bedroom apartments, with the first building slated to deliver in the second quarter of 2018, and the last building completed by the second quarter of 2019.
Don’t Waste Money on Leadership Development
Many companies throw thousands of dollars into leadership development programs without first trying to figure out exactly what they are trying to fix.
Bellwether Closes First Equity Financing for $199M Deal
The mortgage banking firm arranged joint-venture equity financing on behalf of John M. Corcoran & Co. for the purchase of Windsor Garden Apartments, a 914-unit community in Norwood, Mass.
Related, East End Capital Team Up on Miami Community
Wynwood 25, located in the Wynwood neighborhood, is a mixed-use development featuring 289 apartments. The community will also include 31,000 square feet of retail and 340 parking spaces.