News
$70M HUD Loan Moves Mixed-Use TOD Forward in Northern Virginia
Ashburn, Va.–Financing is in place for The Residences at Loudoun Station, a mixed-use project marking the first phase of a 3.8 million square-foot transit-oriented development.
Jamboree Awarded Grant for Special Needs Services
Irvine, Calif.–Jamboree Housing Corporation received a $15,000 grant as part of CSH’s Assuring Quality Initiative to assist residents living with permanent mental illness and to help end homelessness.
FHLBank Atlanta Pays $8.3M for N.C. Affordable Housing
The Federal Home Loan Bank of Atlanta has awarded $8.3 million to assist in funding 18 affordable housing projects in North Carolina.
TODAY’S DEALS: NorthMarq Capital Arranges $21.8M Mortgage through Life Insurance Company
NorthMarq arranges $21.8 million in mortgage financing; HFF secures a $17.2 million refinance loan; and Marcus & Millichap arranges the sale of a 144-unit asset in Cleveland.
Q&A with Crescent Resources’ Todd Farrell
Todd Farrell, president of Crescent Resources Multifamily Development Group, talks to MHN about Crescent Resources’ foray into student housing.
‘Gimme Shelter’ with Daniel Gehman: Transit-Oriented Debacle
This full-capacity transit situation is directly related to two factors: declining unemployment and rising gas prices.
Economy Watch: More Residential Borrowers Underwater in 4Q
Twenty-three percent of U.S. residential mortgages are underwater; AARP has filed suit against HUD for its handling of reverse mortgages; and there are more Subways in the world than McDonald’s.
RealtyJoin Launches Version 2.0 of Its Social Marketplace
Atlanta–RealtyJoin, a free interactive social and business-networking site for the real estate industry in the United States and Canada, has launched version 2.0.
Porto Named Real Estate Group’s Rookie of the Year
New York–The Real Estate Group of New York has named real estate agent Luke Porto its 2010 Rookie of the Year.
Condo Convertor Offers Deep Discounts on Chicago Property
Chicago–Condo sales and prices were down in 2010. American Invsco is temporarily knocking half the price off units in one of its properties.