News
Greenbuild 2014: Financing Green Retrofits for Affordable Housing
Financing green retrofits for affordable properties is no simple task. Yet as this Greenbuild panel presents, there are some very clever ways the industry is surmounting the unique set of challenges.
Asian Investors Increase Their Appetite for US Multifamily
Asian investors are poised to spend more on U.S. multifamily assets in 2014 than at any other time in history, according to a recent report by CBRE.
Groundbreaking Ceremony Held for Jersey City Development
Officials from The KRE Group and National Real Estate Advisors were joined by Jersey City Mayor Steven Fulop to break ground on a three-tower, mixed-use development in Jersey City, N.J.
TODAY: Capital One Bank Closes Loans Totaling $74M to Refinance Two Houston Apartment Communities
Capital One Bank provides loans totaling $74 million to refinance two Houston apartment communities; and Grandbridge Real Estate Capital finances a $4.8 million apartment community at sub-4 percent interest rate.
Groundbreaking Held for $29.7M Hyatt Place San Juan in Puerto Rico
Ground was broken recently on a 149-room Hyatt Place San Juan hotel in Puerto Rico, by a joint venture between affiliates of Hyatt, PRISA Group and McConnell Valdes Consulting, Inc.
MHN Interview: The Metrics of Multifamily Investment
Magellan Development Group recently launched Magellan Investment Partners, which will invest, acquire and renovate multifamily communities nationally. MHN recently had the chance to sit down with Marc Swerdlow, principal and COO, and David Levin, principal and CIO, about the focus of Magellan Investment Partners and how they are going to differentiate the company.
Avanti Senior Living Developing $15M Assisted Living Community in Flower Mound, Texas
Avanti Senior Living will build Avanti at Flower Mound, a $15 million assisted living and memory care community in Flower Mound, Texas, commencing building in January with an expected occupancy of early spring 2016.
Economy Watch: CPI Barely Moves in September
Inflation is at a very low ebb in the United States these days. The Bureau of Labor Statistics reported on Wednesday that the Consumer Price Index for All Urban Consumers increased 0.1 percent in September compared with August.
Wood Partners Starts Construction on Midtown Atlanta Apartments
Work is under way on 33 Peachtree Place, a $100 million residential and retail property on West Peachtree St. in Midtown Atlanta.
TODAY’S DEALS: Walker & Dunlop Originates $108M Fannie Mae MHC Loan
Walker & Dunlop Inc. and Fannie Mae announced the recent closing of a $108 million loan for a manufactured housing community; and R3 Funding arranges $23.6 million in financing for student housing.