News
Rental Tower to Rise in Brooklyn
A new amenity-rich, 50-plus-story rental tower will be constructed in Brooklyn later this year.
Economy Watch: Homebuilding Sees Uptick in January
New home construction gained a little ground in January, according to the Census Bureau, with U.S. builders breaking ground on dwellings at an annualized rate of 699,000 units, up 1.5 percent since December.
TODAY'S DEALS: Walker & Dunlop Funds $6.92M HUD Refinance Loan
Walker & Dunlop provided a loan under the Section 223(f) program for a property in Jefferson Hills, Pa.; and Beech Street closed on an $8.9 million FHA-insured mortgage.
Primera Terra, a Post-Recession Redesign Success
The design plan for Primera Terra was forced to change with the times, and now that change has gotten a major stamp of approval.
Fannie Mae Prices $977 Million Multifamily DUS REMIC Under Its GeMS™ Program
Fannie Mae priced its second Multifamily DUS REMIC in 2012 totaling $977 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on February 15, 2012.
New Affordable/Market Rate Apartments Open in Suburban D.C.
The Galaxy, a new five-story, 195-unit rental apartment building in downtown Silver Spring, Md., has started accepting residents.
MacArthur Foundation Announces Winners of Award for Creative and Effective Nonprofits
The John D. and Catherine T. MacArthur Foundation named 15 organizations in six countries as recipients of the MacArthur Award for Creative and Effective Institutions.
Insight Adds to Multifamily Portfolio with Silver Spring Purchase
Insight Property Group has purchased the U.S. Postal Service’s former Silver Spring Post Office site in Silver Spring, Md. The developer plans to start construction of the proposed 310-unit project in the fourth quarter of 2012.
InterfaceFlor Commits to Architecture 2030 Challenge for Products
InterfaceFLOR, a global manufacturer of modular carpet tile, has aligned with Architecture 2030 and is the first manufacturer to adopt the nonprofit organization’s 2030 Challenge for Products.
MARKET SNAPSHOT: Multifamily Construction Takes Off in New Orleans, Aided by Boosts in Tourism and Job Growth
The Big Easy witnessed solid economic recovery and population growth in 2011, as 10,500 new jobs were added and the overall population grew by 2 percent.