News
Enterprise Community Investment Marks 2,000th LIHTC Investment
Cheryl Chow Court, located in the Ballard neighborhood of northwestern Seattle, offers 50 studio and one-bedroom affordable apartments for formerly homeless and low-income seniors in an area undergoing a boost in development of luxury, market-rate apartments.
Economy Watch: U.S. Economy Turns in Weak First Quarter
As expected—since a number of economic indicators have been pointing that way—the U.S. economy didn’t grow much during the first quarter of 2015, according to the Bureau of Economic Analysis.
Industry Veteran, Judy Bellack, Joins Grace Hill as Vice President of Sales
Grace Hill LLC, a provider of online education and learning management solutions for the multifamily housing industry, announced Judy Bellack has joined the company as vice president of sales.
Fannie Mae Honored by EPA as a 2015 ENERGY STAR(r) Partner of the Year
The U.S. Environmental Protection Agency (EPA) has recognized Fannie Mae with a 2015 ENERGY STAR® Partner of the Year – Energy Efficiency Program Delivery Award for its outstanding efforts to increase adoption of energy-efficient policies and practices in multifamily housing.
Palm Beach Apartments Sell for $21M
Bayberry Apartments, a garden-style property in West Palm Beach, has traded hands for about $21 million. The seller was Fairfield Haverhill Commons, an affiliate of San Diego-based Fairfield Residential, while the buyer was BH Equities out of Des Moines.
TODAY’S DEALS: RFR and Vanke Land $360M for Manhattan Condo
HFF sources $360 million for a Manhattan condo development from the Industrial and Commercial Bank of China; Walker & Dunlop closes a $152 million loan portfolio within 48 days; and Greystone arranges financing for a Strategic Properties acquisition in Illinois.
Going Urban in the Suburbs
Harmony Hill, a contemporary, urban-style apartment community in the Dallas suburb of Rowlett, Texas, has just broken ground. Announcement of the groundbreaking was made by Huffines Communities, the project‘s developer.
Wood Partners Launching 230-Unit Mixed-Use Community in Columbia, Md.
A key component of the redevelopment at Wilde Lake Village Center will break ground this month.
Bell Partners’ COO Named as a Top Woman in Business in Triad Region
Bell Partners announced that the company’s chief operating oficer, Gwyneth Coté, was named as one of the “2015 Women in Business” honorees by the Triad Business Journal.
Economy Watch: Housing Sees Modest Price Increases
The latest Case-Shiller indexes are out, and they point to smallish increases in the prices of houses nationwide.