News
DePaul Completes Affordable Apartments in Rochester
The Carriage Factory Apartments, created by the redevelopment of the former Cunningham Carriage Factory by the nonprofit DePaul, has been completed. As a residential property, it now offers 71 studio and one- and two-bedroom loft apartments for income-eligible residents.
Special Report: NMHC OpTech Twitter Chat Transcript
Recently MHN, Rick Haughey, vice president, industry technology initiatives, NMHC; and Mike Whaling, founder, 30 Lines, hosted a Twitter chat that continued the discussion from the NMHC OpTech conference.
TODAY’S DEALS: HFF Secures $17M Refinance for Universe Holdings
HFF arranges refinancing for an 118-unit Los Angeles portfolio; Tricap grabs a community in Indiana for $11.3 million; and Arbor Commercial Funding originates two loans under Fannie Mae’s DUS program.
5 Apartment Amenities to Incorporate in 2015
Exercise areas, grooming stations and daycare options for pets have become the norm. Your properties can stand out by remembering not all your residents have pets.
The Moinian Group, Tishman Construction Top Out On West 42nd Street
The Moinian Group has announced that its luxury tower development located at 605 West 42nd Street in Manhattan has topped out at 60 stories.
Ribbon Cut on Perkins Eastman-Designed Maplewood at Stony Hill
Maplewood at Stony Hill, a three-story, 84-unit memory care and assisted living facility in Bethel, Conn., recently had its grand opening.
Economy Watch: November Job Gains Wide Across Industries
The November jobs report released by the Bureau of Labor Statistics, widely acknowledged as a very strong one, detailed increasing in hiring across various sectors of the economy.
Indianapolis Seniors Apartments Receive $2.3M Grant From HUD
HUD has awarded the AHEPA 232 Apartments in Indianapolis a $2.38 million grant under its Assisted Living Conversion Program. The funding will be used to covert 24 of AHEPA 232’s 74 units into service-enriched seniors housing.
TODAY’S DEALS: CBRE/NE Brokers 56-Unit Sale in Massachusetts
CBRE/New England brokers a 56-unit sale in Tewksbury, Mass.; Marcus & Millichap arranges a 228-unit portfolio sale in North Texas; and NorthMarq Capital finalizes $26 million in acquisition financing.