News
Mercy Housing Plans New $11.5M Affordable Apartments in Denver
Denver–An eco-friendly affordable housing community.
DEAL OF THE DAY: HFF Facilitates $10.7M Fixed-Rate Refi at 5.18% Interest
Tempe, Ariz.–HFF (Holliday Fenoglio Fowler LP) has secured $10.7 million in financing through Freddie Mac for Monarch at Tempe.
Wood Partners Expands Acquisition Team
Atlanta–Wood Partners L.L.C. is expanding its acquisition team with the hiring of Curtis Walker and Don Foster, both investment executives who will take on senior roles with the company. “This gives Wood Partners a tremendous advantage in a competitive market for existing multifamily properties,” says Chief Financial Officer/Chief Operating Officer Joe Keough. “Our network of development partners in 13 offices nationwide gives us in-depth knowledge to perform superior on-the-ground research. Curtis and Don clearly enhance our in-house expertise as we move aggressively on the acquisition front.” Walker and Foster join National Acquisition Director Jay Jacobson, as they target top 20…
NeighborWorks America Awards $35M in Grants for Greening of Affordable Housing
Washington, D.C.–The CFRAH grants will provide the selected recipients from NeighborWorks’ network of nonprofit organizations with money to assist the development of green properties.
American Community Survey Offers Fresh Data for Multifamily Industry
Washington, D.C.–The new way of collecting data represents an improvement for multifamily property owners and developers.
DEAL OF THE DAY: Deutsche Bank Provides $81.9M Refinancing for Senior Housing Portfolio
Houston–Deutsche Bank Berkshire Mortgage (DBBM) recently provided an $81.9 million loan for the refi of eight skilled nursing facilities in Texas.
Malcolm Gladwell Speaks at Colliers International’s First Global Leadership Summit
York‑Colliers held its first annual Global Leadership Summit in Manhattan recently. The three-day meeting, which brought together clients and Colliers brokers from all over the world, concluded with a talk by best-selling author Malcolm Gladwell at the Jazz at Lincoln Center theater.
Home Buyer Tax Credit Program Expiration Weakens Pending Home Sales
Washington, D.C.–The June 30 closing deadline for first-time homebuyers forced a decline in pending home sales after having bolstered them for three consecutive months.
In Wake of Oil Spill, Vacant Units in New Orleans Gobbled Up by Corporate Housing
New Orleans–As devastating as the oil spill is, it seems to have created a mini job-boom in the state of Louisiana.