News

Authenticity is Key: Why Toby Bozzuto Knows Design Creates Value

Whether they’re developing new multifamily assets or providing third-party management services, Bozzuto’s award-winning apartment communities are known for their focus on delivering cutting-edge design that resonates with residents.

TODAY’S DEALS: Bullish on Jersey’s Gold Coast, Pantzer Drops $120M on Apartment Asset

Pantzer buys a 351-unit asset from Capri Capital Partners; Greystone provides Presidium with a $15.1 million bridge loan for a San Antonio buy; and Lee & Associates complete a $2.7 million sale in North Hollywood.

Grace Hill Hires M. Scott Collins as CFO, Promotes Gettys to CTO

Grace Hill recently acquired The Training Factor and the education division of LeaseHawk.

Economy Watch: Housing Starts Edge Down in November

U.S. housing starts came in at an annualized rate of 1.028 million units in November, according to the Census Bureau on Tuesday. That’s 1.6 percent below the revised October total of 1.045 million units and 7 percent below the November 2013 rate.

Seniors Community Funded by WNC LIHTC Equity Opens in Honolulu

Pacific Housing Assistance Corporation recently held a dedication ceremony to officially mark the opening of Senior Residence at Iwilei, an affordable seniors housing building that was partially funded with $24 million in LIHTC equity from Irvine, Calif.-based WNC.

Hunt Companies to Undergo New Leadership

Hunt Companies Inc., a national developer, investor and manager of real assets for public and private sector clients, announced the appointment of Chris Hunt, who will transition into chief executive officer for the company.

Give Your Garage the Boost in Safety and Efficiency it Deserves

Replacing fluorescent fixtures with LEDs is a quick way to net a big boost in energy efficiency. Parking garages and stairwells are a great place to start your rehab since their lights are typically on 24/7.

New Affordable Seniors Housing in San Diego Will Be LGBT Friendly

Community HousingWorks is planning Arizona Street Development, a proposed 76-home seniors apartment building and a 118-home multifamily building in San Diego’s North Park district.

Hinduja Group, OHLD Grab Iconic Old War Office Building in Central London

London-based Hinduja Group, one of the largest diversified companies in the world, in partnership with Spanish industrial company Obrascon Huarte Lain Desarrollos, has recently purchased the Old War Office building in central London.

TODAY’S DEALS: Luxury Scottsdale Condo to Rise Thanks to $19.8M Loan

HFF arranges construction financing for Deco Communities; AFL-CIO invests $8.3 million into a massive affordable development in Queens; and NAI Capital brokers a 12-unit sale in North Hollywood.