News
Fannie Mae Reminds Servicers of Options for Borrowers Affected by Oklahoma Tornado
Fannie Mae is reminding servicers of options for homeowners affected by natural disasters in the wake of the Moore, Okla., tornado.
TODAY’S DEALS: PCCP Lands $30M for Queens Conversion
PCCP arranges $30 million for a Long Island City redevelopment; and Variant adds a 280-unit Georgia asset to its portfolio.
Wood Partners Sells North Seattle Apartment Community for $29.4M
Wood Partners sold Jasper by Alta, a 91-unit luxury apartment community in Wedgwood, Wash., for $29.4 million to Jasper 91 LLC, which is associated with Calfox Inc.
Freddie Mac Approves Greystone as Designated Seniors Housing Seller/Servicer
Greystone, a national provider of multifamily and healthcare mortgage loans, today announced that it has been approved as a National Senior Housing Seller/Servicer by Freddie Mac to originate and service multifamily seniors housing loans nationwide.
Economy Watch: Lending Standards Easing for Business, CRE
The Federal Reserve reported in its April “Senior Loan Officer Opinion Survey on Bank Lending Practices” that domestic banks, on average, are reporting they have eased their lending standards over the past three months and are experiencing stronger demand in several loan categories.
Suburban D.C. Apartments Slated for $8M Renovation
Work has started on an $8 million renovation of the Overlook Apartments in Hyattsville, Md.
Hutton Companies Begins Construction on $43M Mixed-Use Community
Hutton Companies has started construction on La Verne Village in La Verne, Calif. The community is a $43 million, 172-unit mixed-use development located in the San Gabriel Valley on Historic Route 66 and will be designed by KTGY Group Inc. Architecture + Planning,
MHN Interview: SyndicIT Services’ Lauryn Schimmel
SyndicIT Services Managing Director Lauryn Schimmel shares digital document management insights with MHN.
L+M founders to be honored by Greyston Foundation
Sandy Loewentheil and Ron Moelis, co-founders of L+M Development Partners (L+M), will be honored by The Greyston Foundation, a pioneer in social enterprise that creates jobs and provides integrated programs that move individuals toward self-sufficiency, at its 2013 Annual Benefit on May 22.
TODAY’S DEALS: Centerline Provides $66.2M for Three Pennsylvania Assets
Centerline refinances three assets; and Harbor Group International buys a 256-unit apartment community in Virginia Beach.