Regions
George Smith Partners Lands $115M Financing for LA Community
The cash-out refinancing is for a 566-unit multifamily community near the LA Music Center.
Glenridge Cooperative Apartments Obtains $27M Refi
Greystone provided the Fannie Mae MAH loan for the 275-unit property.
Lowe Acquires 260-Unit MD Community
Stonegate Apartments features 26 two- and three-story buildings spread across the property, creating a park-like setting with a small central lake.
City of Detroit Gets an Extra $42M in Demolition Funds
The U.S. Treasury Department and the Michigan State Housing Development Authority approved additional funds for the city’s blight removal initiative, which will now expand to 90 percent of Detroiters.
Upscale Residential Project in NYC Now on the Market
Thirteen East + West, a high-end residential project in East Village, launched sales for its 10 condominiums and two maisonettes.
Five Cutting-Edge City Initiatives in Affordable Housing
We’ve identified five of the newest or most creative local initiatives to deliver more affordable housing units to the renters who need it.
WNC Closes on $113M Fund to Acquire Calif. Affordable Housing
CA Fund 14 includes 10 institutional investors, nine of which have previously participated in WNC funds.
Skanska Invests in 300-Unit Multifamily Community in Denmark
Skanska’s residential project planned for Ørestad City includes two- to five-bedroom apartments and a 4,000-square-foot retail store.
Hanover Co. Unloads Ultra-Luxury Boston Asset
The 398-unit Hanover CambridgePark is located in Boston’s booming Kendall Square neighborhood.
JLL: Q1 2016 Apartment Market’s Strongest First Quarter Ever
The power of private equity is one reason multifamily is continuing its more than six-year boom. The investor group accounted for more than $8.2 billion in volume during the first quarter, more than doubling comparable activity from the first half of 2015.