News
MAP Breaks Ground on Mixed-Income Development in Yonkers
Magnusson Architecture and Planning has broken ground on Schoolhouse Terrace at Croton Heights, a 172,000-square-foot, mixed-income development that will replace outdated public housing in Yonkers, N.Y.
DAMAC Properties Launches $367M Luxury Hotel Living Project in Downtown Dubai
DAMAC Properties is launching a new AED 1.35 billion (approximately $367 million) luxury hotel living project in the Burj Area of Dubai.
London Student Housing Opens in Former Johnnie Walker Breweries
Assam Place, a mixed-use, luxury student housing project in the former Johnnie Walker breweries in London, has celebrated its official opening.
Dominium Buys Affordable Property in Florida
Multifamily owner Dominium has bought the Nassau Bay Apartments in Orlando, Fla. Dominium will be investing about $16,000 per unit in renovations to improve common spaces as well as individual units.
Economy Watch: Housing Starts Edge Up in August
The Census Bureau reported that U.S. private housing starts were at an annualized rate of 891,000 units in August.
TODAY’S DEALS: StoneBridge Investments Buys Luxury Atlanta Apartment
StoneBridge Investments buys 252 units in Atlanta; NorthMarq arranges $13.6 million for an affordable asset; and Centerline provides a $6.7 million bridge loan to refinance and build-out a 24-unit property.
Greystone Secures $117M for Affordable Rehab
WWJ has acquired a portfolio of 44 affordable housing properties in the state of Georgia. The deal was overseen by Greystone, working with National and State USDA Rural Development, the Athens Housing Authority, Georgia Department of Community Affairs and Fannie Mae to secure the funds necessary to acquire and rehabilitate the portfolio.
MHN Interview: The Importance of Social Media For Multifamily Team Members
Madison Apartment Group, a Philadelphia-based company, recently launched a social media platform for their employees called Madison Connect. MHN talks to Dean Holmes, COO of Madison Apartment Group, about this new technology.
Sustainable Mixed-Use Building Nearly Complete in Brooklyn’s Brighton Beach Neighborhood
Construction is nearly complete on Bright ‘n Green’s fully-sustainable, six-unit, mixed use community in Brooklyn’s Brighton Beach neighborhood.
Bozzuto and MGL Partners to Develop $75M D.C.-Area Community
Financing has closed and ground been broken on The Frasier, a $75 million apartment project right across the Potomac from Washington, D.C., in Alexandria, Va.