News
TODAY’S DEALS: Centerline Provides $328M Structure to Finance Portfolio in Suburban Washington, D.C.
Centerline provides a $328 million Freddie Mac CME loan to finance portfolio of eight properties; Campus Crest Communities announced four new developments; and Beech Street closes $12.5 million for two communities in Southern California.
Bloomberg: Hudson Yards ‘Wonderful’ for New York
“It’s a wonderful day for New York,” Mayor Michael Bloomberg said of the Hudson Yards development project. The 26-acre site on the city’s West Side is the largest piece of undeveloped property in Manhattan.
Condos in Battery Park City Half Sold
1 Rector Park, a condominium conversion in lower Manhattan’s Battery Park City, has sold more than half of its units, according to the sales agent for the property, Corcoran Sunshine Marketing Group.
Irvine’s Doria Apartment Homes Another First for Jamboree
The late October grand opening of Doria Apartment Homes, an affordable housing community on the north side of Irvine, Calif., marked a pair of firsts for Irvine-based affordable housing developer Jamboree Housing Corporation.
Ads Aimed at Young Renters Highlight Pitfalls of Living with Parents
New ad campaign aims at young renters by showing pitfalls of moving back in with mom and dad.
$300M Zero Net Energy Project Opens at UC Davis
The first phase of West Village at University of California, Davis, the largest planned zero net energy development in the country, has just made its debut.
TODAY’S DEALS: Harrison Street Completes $125M Acquisition of Senior Housing Portfolio
Harrison Street completes a $125 million acquisition; HFF arranges $23.5 million for a community in Florida; and Red Capital provides $20 million for a high rise in Philadelphia.
Via Verde in the Bronx Starts Accepting Applications
The developers of Via Verde, a 222-unit workforce housing development now under construction in the Melrose section of the Bronx, have started accepting residency applications for the property’s 133 affordable units.
NWP Services Corporation Introduces Common Area/Vacant Meters Variance Analytics
NWP, a provider of solutions to lower operating and utility costs for the multifamily housing industry, announced the introduction of Common Area/Vacant Meters Variance Analytics within the company’s UtilitySmart product family.
Crossville Releases New Tile, Hits Recycling Benchmark
Crossville, a Tennessee-based manufacturer of tile for residential and commercial applications, has achieved SCS certification for its waste recycling programs. The company has also released Bluestone, a new line of tile that is comprised of 20 percent recycled materials.