News
TODAY’S DEALS: MacFarlane Buys High-Profile L.A. Development Site
MacFarlane announces plans to build 600-plus units in Los Angeles; Grandbridge Real Estate Capital completes a $21.3 million construction financing secured from a bank; and Capital One closes $14.6 million for an assisted living facility in Tequesta, Fla.
DSF Group Acquires 433-unit Community in Danvers, Mass.
Boston-based real estate investment and development firm The DSF Group has announced that it has acquired the Danvers, Mass., community Avalon Danvers for $108.5 million in the largest transaction in the Boston market this year.
Economy Watch: Pending Home Sales Spike in May
Pending U.S. home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors.
New Affordable Housing Community to Open in Newburgh, NY
Developer Jonah Mandelbaum joined with The Community Preservation Corporation Inc., Independent Home Care Inc., Independent Living Inc., New York State Homes and Community Renewal, for a groundbreaking on Independence Square, a new affordable housing community being built in Newburgh, N.Y.
KAVANTE’s Kim Price Takes MHN Inside the World of Custom Furniture Design
Today’s renter doesn’t want to live in a cookie-cutter space and developers have become quite competitive as well as they strive to come up with unique offerings
Greysteel Company Announces Expansion to Baltimore
The Greysteel Company, a real estate investment services firm with offices in the Washington, D.C. and Dallas-Fort Worth markets, announced the opening of its Baltimore office. Located in Pikesville, Maryland, the office will serve as the Company’s interim headquarters in the Baltimore market.
Northland Investment Begins Suburban Boston Apartment Development
Work has started on The Merc at Moody & Main, a multifamily development in Waltham, Mass., that will also include a retail component. Newton, Mass.-based Northland Investment Corp., a privately held multifamily specialist, is the developer.
Centerline Capital Group Adds Two Executives to its Roster
Centerline Capital Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, announced today it has hired two new executives–Nick Hoffer has joined the firm as senior vice president and COO, and Mustafa N. Haque joins Centerline as a vice president and assistant general counsel.
Design Plans Approved for Westside Multimodal Transit Center in San Antonio
The Board of Directors of VIA Metropolitan Transit in San Antonio have approved the plans of EE&K a Perkins Eastman company to construct the second phase of the Westside Multimodal Transit Center. The project, a 90,000-square-foot development, is expected to break ground in July of this year.
TODAY’S DEALS: Vantage Lands Maryland High-Rise Management Gig
Guardian Realty Investors names Vantage property manager at a newly built high-rise; Centerline refinances a Pittsburgh apartment asset; and Capital One Multifamily Finance closes on a $11.1 million FHA 223(f) refinance that fixes a long-term rate.