Regions
SouthShore Developer Breaks Ground on Upscale Newport Apartment Complex
By Adrian Maties, Associate Editor Capital Investment Group Inc., the group that built the SouthShore condominium tower, started work on June 21 on a $15.6 million apartment building in Newport, Northern Kentucky. Officials from the city of Newport, including Newport Mayor Jerry Peluso, and representatives of Capital Investment Group attended the groundbreaking ceremony, held at […]
Blue Rock Wins Financing For Kissimmee Multifamily Deal
Apartment owner Blue Rock Partners LLC has closed on a $6.55 million acquisition and bridge loan for the Woodside Apartments in Kissimmee.
TODAY’S DEALS: Caruso Begins $32M Mixed-Use Asset in L.A.
Caruso begins a luxury asset in L.A.; Meridian Capital Group negotiates financing for multifamily properties in Manhattan and Brooklyn; and Virtú Investments buys a $12 million community near UC Davis.
SPECIAL REPORT: Improving Performance Through Personal Accountability
At the recent National Apartment Association Education & Exposition in Boston, Andrew Botieri, Total Peak Performance, presented a session titled “Improving Performance Through Personal Accountability,” which described the importance of taking responsibility at your property.
Robust New Jersey Development Buoying Optimism
An unprecedented number of new multifamily units now or soon to be underway in northern New Jersey has market observers keenly focused on the development pipeline.
TODAY’S DEALS: Walker & Dunlop Funds $32.2M Freddie Mac Loan
Walker & Dunlop refinances a 330-unit asset; a Texas property is refinanced by Beech Street Capital; and an Archstone, FUTURA joint venture breaks ground on a new development in Florida.
Rehab of Virginia Affordable Housing Property Set
Work will soon be under way on the rehabilitation of Parkway Village Apartments, a 126-unit affordable multifamily property in Waynesboro, Va.
Washington Heights Property Receives $21.5 Million for Rehabilitation
A Washington Heights affordable housing building will receive $21.5 million in financing to fund extensive rehabilitation on the property.
TODAY’S DEALS: Affordable Green Project Opens in Newark
RPM’s LEED certified affordable asset opens; a $10 million mixed-use site hits the Miami market; and Johnson Capital’s Dallas office arranges bridge, acquisition and rehab loans in Texas and Kansas.
Brooklyn Heights Condo Project Reports Brisk Sales
The appetite for condos seems to be back in certain markets, such as parts of New York, if buyers’ enthusiasm for buying them is any indication.