Regions
TODAY’S DEALS: Extell Closes on $700M Construction Loan
Extell Closes on $700M construction loan; Phoenix Realty Group purchases a 253-unit community; and California Landmark breaks ground on a mixed-use development.
Supportive Housing Project Under Way in LA
Mercy Housing California has broken ground on Caroline Severance Manor, an affordable housing property in the Mid-Wilshire/Koreatown neighborhood of Los Angeles.
SPECIAL REPORT: Lenders Want to Lend to Multifamily Today, but Will They Feel the Same in Two Years?
How much longer can the multifamily market enjoy the extremely low interest rates? This question was addressed at the Massey Knakel Multifamily Summit, presented by GreenPearl Events this week in New York.
‘Transit Oriented’ an Understatement at Boston’s The Victor
At the mid-autumn groundbreaking of The Victor, a $92 million, 286-unit luxury rental development in downtown Boston, state and local officials joined Boston-based Suffolk Construction in celebrating the new project.
Mixed-Use CityMarket at O Breaks Ground
Work has started on the CityMarket at O in the Shaw neighborhood of Washington, D.C. The development was selected by the Obama administration to be expedited through the permitting and environmental review process.
TODAY’S DEALS: Waterton Residential Buys Class A Community in Florida
Waterton Residential buys a 384-unit Class A community; NorthMarq Capital helps property refinance with a $21 million mortgage; and Red Mortgage Capital provides a $13.4M construction loan.
TODAY’S DEALS: HFF Arranges Refinancing for Austin Asset
HFF arranges refinancing for a 184-unit community north of Austin; NorthMarq arranges $27.1 million in combined mortgages for four properties; and Charles Dunn completes a 50-unit sale in Santa Monica.
Increasing Revenue, Not Rents, With Utility Billing Systems
Setting up a utility billing system can lower costs for property managers without raising rents for residents.
Denver’s Highland Bridge Lofts a First for Developer
When ground was broken for the Highland Bridge Lofts project in Denver in early November, it marked the official start of the first development in the Denver area for Vancouver, Wash.-based developer Holland Partners Group.
Shippensburg University Kicks Off Student Housing Development
Shippensburg University Student Services Inc. and Philadelphia-based Campus Apartments have broken ground on the first phase of development to upgrade the university’s stock of on-campus residences.