News
Former NYC Brownfield Now Site of Affordable Housing
New York–Developed by three partners working together, the mixed-use, low-income La Terraza rental development has been recognized for its affordable brownfield redevelopment.
Federated to Purchase Land from City for Mixed-Use Project in Portland, Maine
Portland, Maine–The Federated Cos. has entered into a contract with the city of Portland to develop a mixed-use project designed to transform the Bayside neighborhood into a live-work-play destination.
Economy Watch: Conference Board Employment Index Registers Weak Advance
The Conference Board’s employment index edges upwards slightly; railroad traffic declines slightly; and the battle in Washington gets more intense by the day.
Vantage and Angelo, Gordon & Co. Acquire AIG’s Jersey Multifamily Portfolio
New York–Vantage Properties and Angelo, Gordon & Co. have acquired AIG’s Central New Jersey Multi-family Portfolio, comprised of six multifamily rental properties totaling 2,200 units.
TODAY’S DEALS: CBRE Sells Luxury Community in Cincinnati
CB Richard Ellis sells a 231-unit high-rise apartment in Cincinnati; Arbor completes a $40.7 million loan that refinances a 654-unit affordable housing community in Newark, N.J.; and Walker & Dunlop closes $8.6M refinance in Las Vegas.
Selin Joins Wilson Company as CFO
Tampa, Fla.–The Tampa-based Wilson Company has appointed Doug Selin to the position of chief financial officer.
Wilshire and La Brea Project Recognized, but Not Underway
Los Angeles–A planned mixed-use mid-rise that will include 478 units recently won a Gold Nugget Award but, as yet, has no specific timetable for construction.
Keystone Crossing Project Elevates Indy Luxury Rental Market
Flaherty & Collins Properties is transforming one of two Sheraton Hotel towers at I-465 and Keystone Avenue on Indianapolis’ north side into a new high-rise luxury apartment building.
Economy Watch: June Jobs Numbers Really Just More of the Same
“Unchanged” statistics mean bad news for unemployment; outstanding consumer credit edged upward in May; and Washington is no closer to averting a U.S. debt default.
Walker & Dunlop Hires Taylor as SVP of Multifamily Finance
Bethesda, Md.–Douglas L. Taylor has joined Walker & Dunlop as senior vice president of the multifamily finance division.