News
Pathfinder Buys Fractured Condo Project in Seattle
Pathfinder Partners has acquired the remaining unsold inventory of the Florera Condominiums.
TODAY’S DEALS: Harmony, Spy Rock Sell Luxury Apartment in Virginia
ARA brokers a luxury Virginia sale; CBRE/New England arranges a $25.6 million disposition in Massachusetts; and NorthMarq Capital arranges a $22.5 million interest-only Freddie Mac loan for the acquisition of an apartment property.
Housing Trust Group Completes a $13M 63-Unit Affordable Community
Housing Trust Group has completed construction of Pine Run Villas, a $13 million, 63-unit affordable housing townhome-style family rental development located at 4728 Big Ben Lane in Lake Worth.
Shea Properties and Ivanhoé Cambridge Break Ground on Ascent in San Jose, Calif.
Construction is now underway on Shea Properties and Ivanhoé Cambridge’s 650-unit Ascent luxury apartment community in south San Jose, Calif.
Renters Face Affordable Housing Crisis, Harvard Housing Study Reports
Renters are spending more of their monthly incomes on housing than ever before.
Economy Watch: Jobs Created Across Economic Sectors
A number of major sectors of the economy created jobs in November, according to the mostly positive jobs report by the Bureau of Labor Statistics.
MHN Interview: An Affordable Makeover in Hawaii
MHN talks to Stacie Brach, who manages the Western States affordable portfolio in Honolulu for The Michaels Organization, about the logistics such a significant effort entailed and how her “residents first” approach helped.
TODAY’S DEALS: Cohen Financial Secures $27.7M Construction Loan Miami Condo
Cohen Financial provides a construction loan to a nearly sold out Miami condo; Morgan Properties and Core Properties acquire a 500-unit portfolio in Maryland; and NorthMarq Capital’s Denver office executes two loans totaling $33.12 million.
NWP Services Corporation Expands SSAE 16 Type II Audit Report for Multifamily Customers to International Standards ISAE 3402
NWP Services Corporation (NWP), a provider of utility management, resident and property operation services, today announced successful completion of the US SSAE 16 Type II Report (Statement on Standards for Attestation Engagements No. 16).
Alliance Residential Buys San Diego-Area Apartments for $160M
Alliance Residential has acquired Coronado Bay Club, a 549-unit, garden-style apartment community in Coronado, Calif., an affluent “island” suburb of San Diego.