Regions
TODAY’S DEALS: Harrison Street Completes $125M Acquisition of Senior Housing Portfolio
Harrison Street completes a $125 million acquisition; HFF arranges $23.5 million for a community in Florida; and Red Capital provides $20 million for a high rise in Philadelphia.
Via Verde in the Bronx Starts Accepting Applications
The developers of Via Verde, a 222-unit workforce housing development now under construction in the Melrose section of the Bronx, have started accepting residency applications for the property’s 133 affordable units.
TODAY’S DEALS: ARA Brokers Sale of Jacksonville Development Site
ARA brokers the sale of a development site in Jacksonville, Fla.; Walker & Dunlop closes a $50.5 million loan for an acquisition in Florida; and Eastern Mortgage Capital provides $5.1 million for affordable seniors housing.
Green Multifamily Redevelopment Near Completion in N.C.
The South Front Apartments, a redevelopment of the former Nesbitt Courts public housing project in downtown Wilmington, is nearing completion.
Strategic Capital Group, Miller Development Break Ground on Fireclay Village TOD
By Gabriel Circiog, Associate Editor One of the largest developments ever to be built in Murray City has broken ground. The 26-acre, $80 million transit-oriented development is a joint venture between Strategic Capital Group and Miller Development Co. Located at 4400 South and 100 West, the mixed-use Fireclay Village will include 400 apartments, 268 income-restricted […]
California Resort Town Gets First Affordable Apartments for Families
Big Bear Lake, Calif., is well known to Californians as a resort paradise, tempting folks with ski slopes in the winter and water sports in warm weather. Affordable housing is much needed for the workforce population serving the vacationers.
Halloween Tips for Multifamily Property Managers
Tips for property managers who want to set up Halloween celebrations in their buildings.
Today’s Deals: Beech Street Provides $19.9M Refinance for Georgia Apartments
Beech Street Capital provides a $19.9 million refinance; Marcus & Millichap sells a 17-unit property for $8 million; and Arbor closes nine Fannie Mae deals across all regions totaling $31.5 million.
Ford Motor Co. and Governor Jay Nixon Announce Historic $1.1 Billion Investment
By Gabriel Circiog, Associate Editor Missouri Governor Jay Nixon, senior executives from Ford Motor Co., and leaders of the United Auto Workers have announced a historic $1.1 billion investment in the Claycomo facility. Governor Nixon hailed the investment as the rebirth of the American auto industry. The investment will add 1,600 new jobs over the […]
New Seniors Housing Opens on West Side of Chicago
Habilitative Systems Inc. has opened the Enola A. Dew Apartments for Senior Living on the West Side of Chicago. The $10 million, 60-unit complex was funded by HUD and the city of Chicago Department of Housing.