Regions
New Developer Re-Starts Residential Project in West Suburban Chicago
Hinsdale, Ill.–Inland Opportunity Fund L.L.C. recently bought the partially developed Hamptons of Hinsdale with the goal of repositioning it for today’s market.
TODAY’S DEALS: Federal Capital Partners Lands $81.5M Refi for D.C. Community
Federal Capital Partners secures an $80.5M refinancing for a Washington, D.C., community; Kennedy Wilson, LeFrak JV closes $46.4M in refinancing for two multifamily properties; and NorthMarq Capital arranges a construction loan and tax credit bridge facility.
Colliers International Expands D.C. Operations
Washington, D.C., and Seattle–Colliers International has expanded its metro Washington, D.C.-based operations by launching a new office and introducing a regional property management practice.
Affordable Housing TOD Planned for Denver
Denver–The Urban Land Conservancy has bought land along Denver’s FasTracks Southwest light-rail corridor to develop an affordable, mixed-use transit-oriented development called Evans Station Lofts.
Deal Closings Will Preserve Affordable Housing in Bronx
Enterprise Community Partners have closed two preservation deals, valued at about $33 million, helping more than 1,450 low-income families access affordable housing in the Bronx.
TODAY’S DEALS: CBRE Secures $99M JV Equity and Construction Loan
CBRE secures a $99 million construction loan for Magellan’s 499-unit high-rise in Chicago; MAA acquires a 297-unit community in Jacksonville, Fla.; and Arroyo & Company negotiates the sale of a 76-unit community in Santa Rosa, Calif.
Washington REIT and Crimson Partners Ink Apartment Development JV
Arlington, Va.–Washington Real Estate Investment Trust and Crimson Partners have formed a joint venture to develop a six-story, 150-unit mid-rise apartment complex in suburban Washington, D.C.
NAHB Records Continuing Improvement in Multifamily
NAHB’s Multifamily Production Index (MPI) recorded its third consecutive quarterly increase for the multifamily housing market.
Dominium Plans $80M Rescue of “Endangered” Minneapolis Property
Minneapolis–Dominium plans an $80 million transformation of its adaptive-reuse project in Minneapolis into a 240-unit affordable housing complex.
MARKET SNAPSHOT: ‘Everybody Wants to be in Washington, D.C.’
Washington, D.C.–The strength of the economy in the nation’s capital continues to lead to a tight apartment market.