News
Renaissance Square Wins Sustainable Building Award from Maryland USGBC
Renaissance Square, a for-sale affordable housing community under development in Essex, Md., has earned a valuable distinction in Maryland’s sustainable housing development arena.
Obama’s Plan Calls for End to Fannie and Freddie within 10 Years
The Obama Administration issued its proposal for the future of Fannie and Freddie today.
TODAY’S DEALS: SWA Group to Redesign 1700-Home Sunnydale Public Housing Community
SWA Group begins designs for transformation of 1700-unit Sunnydale public affordable housing; NorthMarq’s $19M refinance allows return of capital; and Akridge gets approval for Virginia mixed-use redevelopment.
New Partnership Focuses on Fractured Condo Niche
Washington, D.C.–Fairfield Residential and McWilliams-Ballard have joined forces, forming the Property Portfolio, to take on the business of fractured condominiums.
Economy Watch: Lenders Getting Back in the Foreclosure Groove?
The pace of foreclosure filings rose modestly in January; the industrial sector is getting its legs; and Ron Paul spouts off about Bernanke and the Fed.
Demand Pushes Value Companies to Pick Up Development Pace
Middletown, N.Y.–Renters snatched up residences at Value Companies’ recently completed The Point at Sutton Hill in a hurry, prompting the company to commence construction of The Point’s next set of buildings way ahead of schedule.
Chicago Affordable Apartments Win Neighborhood Development Awards
Chicago–The 17th annual Chicago Neighborhood Development Awards recognized two North Side Chicago multifamily developments, one for affordable housing, the other for for-profit development.
TODAY’S DEALS: Holliday Fenoglio Fowler Closes Sale of Houston Apartments
HFF has closed the sale of a 318-unit complex in Houston; Grosvenor Investment Management U.S. Inc. commits $93 million; and Johnson Capital closes a Louisiana apartment loan.
Enterprise Named Freddie Mac Targeted Affordable Housing Lender
Columbia, Md.–Freddie Mac has given Enterprise approval to originate affordable multifamily loans nationally on its behalf.
Economy Watch: More U.S. Homeowners Underwater in Fourth Quarter
The housing hangover continues; the House holds hearings on the future of the GSEs; and Bernanke beats his drum about the perpetually ballooning deficit.