Regions
New Student Housing Breaks Ground at University of La Verne
La Verne, Calif.–Hanover Pacific L.L.C. has broken ground on a 378-bed, 103,250 square-foot mixed-use student housing property at the University of La Verne.
Griffin Court Condo Helps Drive Transformation of Hell’s Kitchen
New York–Griffin Court Condominium are helping Hell’s Kitchen become an increasingly artistic and coveted neighborhood in Manhattan.
Detroit Revitalization Fellows Program
Detroit–Wayne State University has launched the Detroit Revitalization Fellows Program, to build the capacity of public, for-profit, nonprofit and other organizations to facilitate the redevelopment of Detroit.
TODAY’S DEALS: NorthMarq Arranges $55M Refi for Chicago High-Rise
Chicago–NorthMarq arranged a $55 million loan for a property on Wacker Drive in Chicago; Beech Street Capital provides $4.55 million in fiancing for the acquisition of Mesa Village; and HFO arranges sale of a $31.6 million complex, represents the buyer in $6.2 million deal.
Fundthatdeal.com Offers Up to 100% Private Funding for Real Estate
After a successful pilot, fundthatdeal.com, a new online matchmaking service that connects real estate entrepreneurs with wealthy private investors, has launched.
Freddie Mac Securitizes More Multifamily Mortgages
McLean, Va.–Freddie Mac has made a new offering of about $1 billion of K-011 Certificates, backed by 76 recently originated multifamily mortgages.
TODAY’S DEALS: Praedium and Fairfield Acquire Maryland Apartment for $31M
The Praedium Group and Fairfied Investment Company purchase $31 million apartment building in Maryland; CB Richard Ellis sells a Jersey Shore asset for $4.5 million; and Red Capital’s $50M mortgages take out construction financing.
MARKET SNAPSHOT: Strong Employment Growth, and Demand, in Twin Cities to Outpace Apartment Supply
Minneapolis–While the Twin Cities is expected to add approximately 25,000 new jobs this year, only about 500 units are projected to be delivered to the market.
New Affordable Seniors Apartments Underway in Suburban L.A.
West Covina, Calif.–Work has begun on 65 new residences at West Covina Senior Villas II, an affordable senior housing project east of Los Angeles.
Federal Home Loan Bank Awards $5.1 Million for Affordable Housing in Virginia
Atlanta–Federal Home Loan Bank of Atlanta will award $5.1 million to assist in the funding of 12 affordable housing developments in Virginia.