News

Yesler Terrace—Soon to Be Seattle’s Densest Neighborhood

Yesler Terrace is a 30-acre development that Seattle Housing Authority (SHA) built in the 1940s as the city's inaugural subsidized housing community. Stephanie Van Dyke, director of development at SHA, spoke with MHN about the site's future as a mixed-use global neighborhood.

Development

Lantower Lands 451-Unit FL Asset

The company purchased Seneca at Cypress Creek, a 2010-built community in the Lutz/Wesley Chapel submarket of Tampa, Fla. With this acquisition, Lantower’s portfolio comprises 14 multifamily properties totaling 4,600 residential units.

Slideshow

FCP Snags $24M Tampa Community

Federal Capital Partners has acquired The Commons Apartments, a 200-unit, garden-style property. The company plans upgrades, including converting the leasing office to a gym and the addition of washer-dryers to individual apartments.

Finance & Investment

Regions

Change City

BPDA Approves Two Residential Projects in Boston

The two developments will bring 101 residential units to Dorchester and South Boston, including 13 affordable units, as well as ground-floor retail.
Boston 16 October 2017 14:15
Fairfield Residential Secures $51M for MD Apartments

The seven-year, fixed-rate Fannie Mae loan for the 386-unit Rock Spring has three years of interest-only payments and five years of yield maintenance with a 1 percent prepayment penalty afterward.
Midatlantic 16 October 2017 13:52
Houston-Area Communities Land $87M in Financing

Two Houston-area multifamily assets, with a total of 1553 units, received $87 million in financing. Combining first mortgage and mezzanine loans, both projects feature floating-rate, interest-only and non-recourse loans.
Houston 16 October 2017 13:35
KTGY-Designed Fremont Senior Community Breaks Ground

A partnership between Eden Housing and the City of Fremont is developing the property on the corner of Warren Avenue and Mission Falls Court. The community will feature 90 one- and two-bedroom units.
San Francisco 16 October 2017 13:28
Affordable Bay Area Project Breaks Ground

KTGY Architecture + Planning and EAH Housing have begun the construction of Estrella Vista, a $64 million, 86-unit, mixed-use development in Emeryville, Calif.
San Francisco 16 October 2017 12:57
Invesco Expands Portfolio With MA Buy

CBRE/NE represented the seller and procured the buyer. The property is three blocks away from Nantasket Beach and offers easy access to the South Shore.
Boston 16 October 2017 12:16
Phoenix Luxury Condo Tower Approaches Full Occupancy

Optima Kierland will welcome its first residents in 2018. The upscale community is situated at the intersection of Scottsdale Road and Kierland Boulevard. Home prices start from $300,000.
Phoenix 16 October 2017 09:34