News
Blu Realty Launches Full-Service Brokerage Company
New York–Blu Realty Group, a New York City-based full-service real estate firm, has launched.
USD’s Coyote Village Becomes South Dakota’s First LEED Gold Residence Hall
Vermillion, S.D.–Coyote Village, a 550-bed student housing building at the University of South Dakota, has become the first residence hall in the state to earn LEED Gold certification from the U.S. Green Building Council.
Yonkers IDA Green-Lights Incentives for Modern Affordable Housing
Yonkers, NY–The Yonkers Industrial Development Agency has finalized a set of economic development incentives that will facilitate the construction of a seven-story, 77-unit affordable-housing apartment building in the city.
TODAY’S DEALS: JV Development Group Breaks Ground on Dallas Mixed-Use Project
A JV has started contruction on a new mixed-use development in Dallas; NAI brokers the aquisition of 119-unit property to be converted to affordable housing for seniors; and NorthMarq Capital arranges a $27.5 million mortgage for a 444-unit apartment complex in Virginia.
$26M L.A. Housing Project for Formerly Homeless and Incarcerated Opens Its Doors
Los Angeles–The dearth of accommodations for the formerly homeless and previously incarcerated is massive. The Dolores McCoy Villa in the Watts community of Los Angeles helps to fill that hole.
MBA’s GSE Proposal Is Well Received on Capitol Hill
The Mortgage Bankers Association’s recommendations for the future of Fannie and Freddie has a receptive audience in Washington, D.C.
Eminent Domain Process Set to Begin in ‘Iron Triangle’
New York–The eminent-domain land seizure in Willets Point, N.Y., a spot known locally as the “Iron Triangle,” is set to begin next week, and not without controversy.
The D.C. Market Is Alive and Well
Strengthening already-tight fundamentals and a flood of capital has brought cap rates in the D.C. metro area to new heights.
WEB FEATURE: Compensation Trends in Multifamily
After a couple tough years of trimming budgets and tightening belts, the commercial real estate industry is seeing compensation and hiring return to pre-crash levels, with the multifamily sector showing exceptional stability.
TODAY’S DEALS: HFF Secures $53M in Financing for Mixed-Use D.C. Apartment
Holiday Fenoglio Fowler has secured $53 million in financing for a 231-unit mixed-use project in Washington, D.C.; A Woods Partners development was completed in Massachusetts; and NCB deploys capital to support low- and moderate-income communities.