News
TODAY’S DEALS: Construction Loan Kicks Off Second Phase of Tacoma Mixed-Use Development
HFF secures construction financing for a Puget Sound project; KeyBank provides a permanent loan for newly built Ohio asset; and ConAm acquires a value-add property within Denver’s largest employment center.
An Apartment with an Exoskeleton
Equity Residential’s new 20-story tower, 170 Amsterdam, is about to begin leasing on Manhattan’s Upper West Side. The luxury rental building features an artistic, Handel Architects-designed exoskeleton.
Rethinking Resiliency
Be aware of new risks and incentives when building resilient apartment communities.
Economy Watch: Apartment Absorption Outruns Construction
The development of new apartments nationwide has been nothing if not brisk since the end of the recession, but it does have its ups and downs.
New Project Maintains Affordable Housing for Chicago’s Northtown
Affordable housing developer Vitus Group recently acquired Evergreen Terrace Apartments.
Trammell Crow to Develop Apartments in Maryland
Financing is now in place for Trammell Crow Residential’s development of Alexan Concorde Circle, a 310-unit apartment property in Linthicum, Md.
TODAY’S DEALS: Steadfast Adds 643 Units to Portfolio
Steadfast Apartment REIT expands in the Midwest; a historic Rhode Island community trades hands for $31.8 million; and Red Mortgage Capital executes HUD refinancing of bridge loan.
Thinking Creatively About Detroit’s Recovery
Thinking creatively about new ways to do business is a big part of the recovery of Detroit’s economy, and that includes established industries like property management and real estate. MHN interviews Scott Allen, president of FOURMIDABLE, about the efficiences fostered by his company’s business model.
$300M Nevada Apartments Change Hands
A new $300 million joint venture between The Bascom Group and funds managed by Oaktree Capital Management has acquired Villa Serena, a 288-unit apartment property in Henderson, Nev.
Greystar Promotes Kevin Sheehan to Senior Managing Director of the Northeast Division
Greystar announced the promotion of Kevin Sheehan to senior managing director.