News
Health-Oriented Low Income Community Opens in the Bronx
A 124-unit asset with a hydroponic farm opened yesterday in the Bronx. The Arbor House is part of New York’s New Housing Marketplace Plan, and was developed by Les Bluestone.
TODAY’S DEALS: Walker & Dunlop Provides $31.8M Refi for San Diego Portfolio
Walker & Dunlop arranges a $32.8 million refinance for a San Diego portfolio; and NorthMarq Capital arranges a $20 million bank loan for an off-campus student housing portfolio.
Philly Investor Bags Jacksonville Apartment Community for $56M
GoldOller Real Estate Investments LLC has acquired Country Club Lakes Apartments for $56 million.
Hebron Properties Brings ‘Great Australian Living’ Concept to Bangalore
Hebron Properties, an India-based real estate developer, has launched an ultra-luxury residential project near T.C. Palya in K.R. Puram in Bangalore.
Walker & Dunlop Arranges $157M in Finance for Off-Campus Housing
Real estate finance specialist Walker & Dunlop Inc. reports that it originated $157.1 million in financing for off-campus student housing properties located nationwide last year, an indication of the popularity of that kind of multifamily development, particularly as sustained by the GSEs.
Eastern Carolina’s North Campus Crossing Changes Hands
Student housing investment and development firm Pierce Education Properties, partnering with an affiliate of Core Properties, has acquired Phase I and Phase II of North Campus Crossing, an off-campus housing community serving Eastern Carolina University students.
TODAY’S DEALS: JV Lands Acquisition Financing for N.C. Student Asset
Pierce Education and Core Properties land acquisition financing through HFF; Behringer Harvard acquires a 312-unit community in Jacksonville; and McKinley obtains a $14.2 million bridge loan with Bank of America.
APARTMENT MARKET STATISTICS: February 2013
The Apartment Market Statistics section of the February 2013 issue of MHN features a range of important multifamily data.
NYC’s BlueWay Plan will Fortify East River Waterfront
New York City is planning to build a new storm barrier along the East River as part of a complete revamping of a four-mile long waterfront featuring wetlands, pedestrian bridges, mini parks, a continuous bike/walk path and even a sandy beach.
Economy Watch: Housing Starts Drop in January
The Census Bureau reported on Wednesday that housing starts took a dip in January.