Regions
Affordable Housing Opens in Alaska
Funded by low-income housing tax credits from WNC, the 23-unit property in Anchorage was constructed on the site of a former restaurant.
Heartstone Development JV Opens NJ Community
Hidden Village in Aberdeen, N.J., features 200 rental units and a number of amenities, including a swimming pool, private garages for most units and a clubhouse.
Campus Advantage Expands NM Footprint
The Flats at Ridgeview, expected to open in fall 2018, will target students at New Mexico State University and Burrell College of Osteopathic Medicine.
The Number of Insecure Renters to Increase
Will the affordable housing sector hit a roadblock anytime soon? Bank of America Merrill Lynch’s Maria Berry discussed the challenges in the industry and how changes in the tax system will impact the sector.
BPDA Approves 541 New Units Across Boston
The approved development sites include 264 Huntington Ave., 75-85 Liverpool St. and 46 Hichborn St. in Brighton, as well as 256 Dorchester St in South Boston. The estimated investment cost is $486 million.
DC-Area Luxury Tower Tops Out
Gallery Bethesda II rises 17 stories and will provide 240,000 square feet of luxury apartments and ground-floor retail. The project was designed according to LEED Gold requirements.
Economy Watch: Renter Household Growth Likely to Slow
Following an unprecedented run-up in demand over the last decade, rental household growth is expected to decelerate in the coming years, according to a recent Harvard Joint Center for Housing Studies report.
Hunt Provides $28M Acquisition Loan for PA Asset
The community is located in a residential neighborhood of Reading, Penn. Hunt obtained a favorable loan for the owner, tapping into Fannie Mae’s Green Rewards program.
Long Island Apartments Sell for $8M
Cushman & Wakefield represented the seller of three-story property, which was was built in 1959 and is located within walking distance of public transportation and retail options.
Berkadia Arranges $157M Loan for CA Properties
The company worked on behalf of Realty Center Management, which used the Fannie Mae loan to refinance existing debt on four assets.