News
Gut Rehab to Create Apartments for Homeless
The Walnut Avenue Apartments redevelopment is about to begin construction in the Jamaica Plain neighborhood of Boston. The project will be a gut rehab of a derelict commercial building that will ultimately create housing for 30 formerly homeless individuals.
LCOR Announces New Hire
LCOR, a fully integrated real estate company specializing in property development, investment and management, announced the addition of Zachary Anduiza to the team serving the Washington, D.C., metro area.
Construction Begins on KTGY-Designed The Lakes at West Covina
Construction of The Lakes at West Covina, a 450-unit luxury rental community, is now under way in West Covina, Calif.
Meet Urban Land Interests’ Seven27 in Madison, Wis.
Seven27 is one of the newest rental apartment buildings in Madison, Wis. The Valerio Dewalt Train Associates-designed building features 117 units and a host of amenities including a landscaped courtyard terrace with fire pits and barbecue areas, a resident lounge, fitness room and more.
Economy Watch: SoCal Home Sales Surge in September
Southern California home sales hit a five-year high for September, rising above a year earlier for the first time in 12 months amid gains for mid- to high-end deals, CoreLogic DataQuick reported.
TODAY’S DEALS: Prudential Provides $115.8M for Mixed-Income D.C. Development
A 520-unit development in Northeast Washington, D.C., lands financing; HFF arranges refinancing for two communities in Minnesota and South Dakota; and Capital One Bank closes on a $24 million private placement revenue bond.
Perkins Coie Closes on $200M U.S. Treasury Guaranteed Bond Issue
Following on the heels of its closing of a $125 million U.S. Treasury guaranteed bond in August, Perkins Coie has announced that it has closed on another $200 million of the same type of bond issue on Sept. 25, 2014 for Minneapolis-based Community Reinvestment Fund and four Certified Development Financial Institutions.
Replicate Exotic Woods on Curved Surfaces with DI-NOC Architectural Finishes
Two key design takeaways from MHN’s 2014 Excellence Awards judging were ‘wood is good’ and that muted color palettes with texture can really make a space more interesting.
City of Miami Taps Panorama Development for EB-5 Program
The City of Miami has chosen Panorama Tower, a mixed-use project with a major residential component that is currently under construction at 1011 Brickell Ave. in the Brickell district, as its first EB5-designated development.