News
DEAL OF THE DAY: Arbor Closes $4.56M Fannie Mae 3Max Loan to Rent-Controlled Property
Bronx, N.Y.–Arbor Commercial Funding LLC recently funded a $4,560,000 loan under the Fannie Mae 3Max product line for the 60-unit complex known as 655 East 233rd Street Apartments in Bronx, NY.
MHN Interview with Lili Dunn: Finding Capital is Still Biggest Challenge
Dunn talks to MHN about her new role at Bell Partners and what she will be working on for the company.
DEAL OF THE DAY: Sperry Van Ness Brokers Sale of Two Apartment Properties for $3.055M
Jefferson, Wis.–Sperry Van Ness represented the seller in the sale of two apartment properties here for $3,055,000.
Affordable Seniors Housing Breaks Ground in Silicon Valley
Morgan Hill, Calif.–Ground will be broken this week for Horizons at Morgan Hill, a 49-unit affordable seniors housing property in the city of Morgan Hill in Santa Clara County in northern California.
Wooldridge Joins The Bainbridge Cos.
Josh L. Wooldridge has joined the Bethesda office of The Bainbridge Cos. as regional development manager. He will oversee the acquisition of new multifamily real estate development opportunities throughout the Mid-Atlantic. He is also responsible for daily development operations and strategic directives in the area. Wooldridge was most recently with Trammell Crow Residential’s Mid-Atlantic division, where he helped develop a number of new luxury apartment communities in the Washington, D.C. metropolitan area. During his tenure, the division developed more than 5,000 luxury multifamily units in the region with a total combined capitalization of over $1 billion. He has also worked…
NHC Appoints Mary Hanlon to Lead Advocacy Efforts
Washington, D.C.–The National Housing Conference (NHC) has appointed Mary Hanlon to the newly created position of Vice President of Policy and Advocacy.
Rehabilitated Nazareth Towers Presented to Low-Income Seniors in Ohio
Columbus, Ohio–With a ribbon-cutting ceremony, Nazareth Towers, a 208-unit affordable housing property in Columbus, Ohio, officially emerges from a massive makeover, providing its tenant roster of seniors with a modernized residential community.
DEAL OF THE DAY: Behringer Harvard Acquires Town Center-Style Property Built in 2008
Atlanta– Behringer Harvard acquired The Reserve at Lavista Walk, a luxury multifamily community comprising 283 apartment homes located immediately south of the exclusive Buckhead district near major employment centers in Midtown and Downtown Atlanta.
Podcast: Stafford Park
Stafford Park is a mixed-use brownfield redevelopment project located in Stafford Township, New Jersey. The project encompasses 370 acres. At full build-out the project will contain 677 residential units, and about 750,000 square feet of office and retail space.
Meet the 2010 Excellence Award Winners
The MHN Excellence Awards recognize the multifamily industry’s most noteworthy people, companies and properties.