Regions
Sequoia Equities Secures $100M Refi in Orange County
The owner acquired the 484-unit luxury community in 2009; the new financing package retires $60 million in debt.
Multifamily Financing’s Endurance Test
The strong multifamily market is fueling competition in the lending environment, with an abundance of new players and extended services from life companies. Tower Capital’s Adam Finkel shares his views on the capital stack outlook for 2019, along with some predictions for the sector.
A Look Inside Brookfield’s Newest NYC Tower
In an exclusive multimedia tour, Maria Masi of Brookfield Properties talks about One Blue Slip, the 359-unit community that is part of the Greenpoint Landing master plan in Brooklyn.
Demand for Housing Outpaces Supply in Portland
The metro’s strong economy and positive demographics are contributing to a growing demand for rental housing, especially in the workforce category.
Newcastle Acquires Chicago Multifamily Asset
Sean Connelly and Davis Edgerly from 33 Realty represented both the buyer and the seller in the $5.4 million transaction within the Logan Square neighborhood.
Hunt Real Estate Secures $23M for Phoenix-Area 1031 Exchange
The 224-unit Canyon Woods and the 148-unit Shadow Rose are both slated for upgrades, with ownership set to invest roughly $3.5 million in improvements.
NYC Details $24B Public Housing Upgrade
Transfer to Preserve is among several programs launched by Mayor Bill de Blasio’s administration to raise capital for repairs at the city’s NYCHA sites.
Opus Breaks Ground in Downtown Minneapolis
The six-story building is the company’s third residential development in downtown Minneapolis and its eighth in Minnesota. The community is expected to be delivered in 2020.
Brooklyn Community Secures $113M Refi
Goldman Sachs originated the new loan, which pays down a previous $120 million construction mortgage for the 2016-built luxury property.
Job Gains Keep Absorption Steady in Richmond
Healthy absorption of new stock and job growth continue to boost the metro’s multifamily market, despite the area’s sluggish economy.