News
Affordable Housing for the Homeless Supports the Arts
New California affordable housing community provides shelter and support for the homeless and encourages development of the arts.
Alliant Capital Announces New Regional Director of Loan Origination
Alliant Capital LLC, a debt and equity financier and Fannie Mae DUS® and FHA lender for the multifamily industry, announced their new regional director of loan origination, David Kidder.
Economy Watch: Fed Uncertain What to Do
The Federal Reserve released the minutes of its Sept. 20-21 FOMC meeting on Wednesday, and to some extent they showed a central bank uncertain about how to handle the unexpected halt in the recovery in mid-2011.
Keystone Pacific Property Management Welcomes Brittany Smith as a New Development Community Association Manager
Keystone Pacific Property Management announced Brittnay Smith would be joining its team as a new development community association manager based out of the Irvine office.
IGI USA Announces Acquisition of 93 Worth Street
IGI USA announced that its subsidiary has closed on the acquisition of 93 Worth Street in Manhattan.
TODAY’S DEALS: MG Properties Group Acquires Mixed-Use Condo Conversion
MG Properties Group buys a 33-unit condo conversion for $11.8 million; IPA brokers the sale of a 392-bed student housing community at USC; and Walker & Dunlop provides Freddie Mac funding to two student housing properties.
Stalled Condo Project in Flushing on Track Again
DelShah Capital LLC has finally worked through the legal complexities that will allow it to reposition 31-32 Union Street, Flushing, as Sunrise Terrace Condominiums, and to begin sales of the remaining 17 units in the property.
Affordable Housing Financing Extended for 20 Years at Westminster Village Arms
Westminster Village Arms, a Lowell, Mass., development built in 1970, is being renovated to include 412 units of affordable housing.
Suburban Chicago Builder Turning Renters into Buyers
A new rent-to-own program at The Heritage of Palatine, a condominium development in a Chicago suburb, is helping turn once skittish prospects into renters for a year, and into buyers after that.
Economy Watch: Jobs Bill Sunk by Senate
The U.S. Senate, in a procedural vote on Tuesday night, voted 50 to 49 to open debate on President Obama’s $447 billion jobs bill, thus effectively scuttling the measure.