News
Wood Partners Acquires Jacksonville Apartment Complex for $14M
Jacksonville, Fla.–Wood Partners has acquired the 168-unit Magnolia Village Apartments in Jacksonville on a short-sale basis for a reported $14 million.
FHLB Awards $10M in Funding for New England Affordable Housing Initiatives
Boston–The Federal Home Loan Bank of Boston has unveiled a variety of funding initiatives to promote affordable housing in Connecticut and Rhode Island.
Hoboken Brownstone Donates Riverfront Park to City of Hoboken
Hoboken, N.J.–Hoboken Brownstone Company’s socially conscious endeavors along New Jersey’s Hudson River Gold Coast continue with its recent gifting of the 13.5-acre Maxwell Park in Hoboken.
Q&A with NDR Group’s Charlie DePasquale
NDR Executive Vice President Charlie DePasquale talks to MHN about filling a need in a community, building green and giving back to the tax base all in one shot.
DEAL OF THE DAY: Walker & Dunlop Closes $26.1M Partial Interest-Only Acquisition Loan
Lakeland, Fla.–Walker & Dunlop provided a $26,100,000 acquisition loan for Victoria Manor Apartments.
MARKET SNAPSHOT: Larger Units in Manhattan Experienced Greatest Rent Growth
New York–The Real Estate Group NY (TREGNY)’s December Manhattan Rental Market Report showed a market more driven by the economy than the season.
Economy Watch: Blizzard Puts Crimp in Northeast Retail Sales
The recent East Coast blizzard kept about $1 billion at home with consumers, and the number of delinquent residential borrowers who started mortgage modifications dropped in 3Q10.
Thomas Secures Idaho’s First LEED for Homes Platinum Certifications
Thomas Development Co. obtained LEED for Homes Platinum certification for its new Rosslare Senior Apartments and Cardona Senior Apartments properties.
Archstone Commences Construction of 349-Unit Apartment Project in Suburban DC
Gaithersburg, Md.–Archstone is not pulling any punches in the construction of the Archstone Olde Towne development in Gaithersburg.
DEAL OF THE DAY: Raintree Acquires Its Eighth Property in 2010 for $16.7M
Livermore, Calif.–Raintree Partners completed the acquisition of Meadowbrook Apartments, a 125-unit multifamily property in Livermore, Calif.