News
MHN Interview: David Redfern, Consolidated Holdings President, Majority Owner of the New WaterWalk Franchise
A new residential franchise will be arriving in 2015 in select cities across the United States. Real estate pioneer Jack DeBoer recently announced the company’s fifth franchise, WaterWalk Hotel & Apartments, a new project that combines the features and amenities of the extended-stay hotel industry with those of apartment ownership. MHN talks to David Redfern, president, Consolidated Holdings, which is the majority owner of WaterWalk Hotel & Apartments.
Economy Watch: World Bank Warns of Long-Term Economic Dislocation from Climate Change
The World Bank released a report on the long-term impact of climate change, focusing on the affect on the “lives and livelihoods” of people in three parts of the world.
WiSe, Nuestra Complete Affordable Housing Rehab in Boston
WiSe Urban Development and Nuestra Comunidad Development Corp. have completed the rehabilitation of Washington Park. The property is an eight-building, 96-unit apartment community that straddles the Boston neighborhoods of Dorchester and Roxbury and includes 86 affordable units.
SoulCycle Leases Ground Floor at Related Midwest’s OneEleven
Related Midwest has announced that indoor cycling chain SoulCycle has inked a lease for the 4,200-square-foot ground-floor space at the developer’s upscale mixed-use residential tower, OneEleven, in Chicago.
TODAY’S DEALS: Greystone Closes $43.7M Affordable Transaction in Alabama
Greystone has closed a $43.7 million affordable housing transaction in Alabama; NorthMarq secures $103.7 million for a Texas portfolio; and Berkadia structures $55 million for the construction of a multifamily property located in a master-planned community.
What Renters Want with Jessica Fiur: Celebrating Thanksgiving at Your Student Housing Communities
Here are some suggestions for celebrating Thanksgiving at your student housing communities.
Cadence McShane Completes Texas Seniors Care Community
Cadence McShane Construction Company has completed the comprehensive construction services for Legacy at Falcon Point, a seniors care community in Katy, Texas. The new, 82-unit assisted living and memory care facility was constructed on behalf of PinPoint Commercial LP.
Fannie Mae Partners with Detroit Land Bank Authority to Stabilize Neighborhoods
Fannie Mae has partnered with the Detroit Land Bank Authority to help stabilize neighborhoods hard-hit by foreclosure.
Economy Watch: State Unemployment Rates Edge Down
Unemployment rates decreased in 34 states and the District of Columbia in October compared with September, while five states suffered increases and 11 states had no change, the Bureau of Labor Statistics reported.
New Glendale Property Leases Quickly
The demand for apartments is still brisk in Southern California, if the pace of leasing at the 310-unit Lex on Orange apartments in Glendale is any indication.