News
TODAY’S DEALS: KeyBank Provides $334.4M Credit Facility for National Assisted Living Portfolio
KeyBank Real Estate Capital closes a $334.4 million Fannie Mae credit facility for Enlivant; and NorthMarq Capital’s Kansas City office finalizes transactions totaling $13.34 million.
Fiesta Park
BH Properties recently renovated its affordable apartment community Fiesta Park. The community, located in Mesa, Ariz., was able to increase its occupancy by 40 percent. MHN looks at some of the stats of the successful property overhaul.
Crisis Management
The Ebola panic in the U.S. has subsided, but don’t delay developing protocols.
New NYC Condo ‘Quiet Retreat’ in Bustling City
B+B Capital has revealed a new development plan for Manhattan’s Chelsea neighborhood.
Luring Renters to the Waterfront in Boston
Tishman Speyer has announced plans for a waterfront development site at Pier 4 in Boston’s Seaport District.
Economy Watch: Low Inflation Generally Positive for CRE
The Bureau of Labor Statistics reported that the CPI was down 0.4 percent in December. That’s the steepest drop in that particular metric since 2008.
TODAY’S DEALS: Waypoint Grows Portfolio in Augusta
Waypoint Residential completes its third Georgia buy; IPA Capital Markets arranges a $34.1 million refinance for a Colorado community; and MG Properties acquires a multifamily property for nearly $39 million.
Joint Venture to Construct Affordable Housing in Florida
LandSouth Construction and developer Ability Housing Project of Northeast Florida Inc. have teamed up to begin construction of Village on Wiley, a $4 million affordable housing project located on Jacksonville’s Westside.
Student Housing with a Retro Feel
The Bainbridge Cos. has unveiled plans for a 524-bed student housing development adjacent to the University of Illinois.
Brad Takala Joins JLL Capital Markets
JLL’s Capital Markets announced Brad Takala as executive vice president. Takala will focus on multifamily investment sales in Dallas.