Regions
Chicago Condo Development Breaks Ground
Named from the French word for Bishop, Eveq was designed by Sullivan Goulette & Wilson Architects and will feature 32 residences in the West Loop.
Last Beam Placed on NJ Mixed-Income Project
The state’s housing and mortgage finance agency assisted with the development that will provide 45 market-rate apartments and another 55 affordable units in the township of West Orange.
In Case You Missed It: MHN’s Top 5 Posts in April
Miss any of our articles? Catch up with five of our most popular posts for the month.
Vegas Community Trades for $14M
The seller, Strategic Realty Capital, had acquired the 146-unit Class C multifamily asset in 2010 as part of a 475-unit portfolio transaction.
Richmond-Area Community Commands $46M
Colliers International represented a joint venture between McCann Realty Partners and Artemis Real Estate Partners in the sale of the 294-unit Hickory Creek Apartments.
ULI Sees “Attainable Housing” Crunch for Middle Class
In a finding with far-reaching implications for the multifamily sector, ULI reports that modestly priced, new for-sale homes have nearly disappeared in most areas of the country, leaving middle-income Americans in the lurch.
JV Gets $35M Refi for 604-Unit Portfolio
Auerbach Funds and Blue Magma Residential secured the loan with Greystone for a three-property multifamily portfolio located in the Southeast.
KeyBank Originates $66M in Financing for NY Senior Housing Assets
The lender’s Healthcare Group arranged a $45.8 million first mortgage and a $20.1 million first mortgage through Freddie Mac to refinance two properties.
Midwestern Markets Offer Best Risk-Adjusted Returns
Cities in Ohio and Texas dominated Compound Asset Management’s top-10 list of the most attractive metro areas as residential investment targets. California accounted for the four worst.
Vermilion Opens 119-Unit Assisted Living Property in Fort Wayne
The developer’s eighth community under the Silver Birch brand spans 97,000 square feet in Fort Wayne, Ind. HED designed the Z-shaped facility, which has a project cost of $23 million.