Regions
Doors of $18M Affordable Seniors Apartment Building Open in Suburban Los Angeles
Los Angeles–Ontario Senior Housing Partners L.P., an affiliate of The Related Cos. of California, just made a much-needed contribution to the affordable seniors housing market in Suburban Los Angeles with the grand opening of the City Center Senior Apartments.
DEAL OF THE DAY: ARA Brokers Sale by Lender of 1,398-Unit Portfolio in Denver
Denver–ARA brokered the sale of three-property, 1,398-unit multifamily portfolio in metro Denver. The buyer, Jackson Square Partners, a California-based apartment investment group, purchased the portfolio for $62,000,000.
One Major Chicago Condo Project Thrives, Another Still a Hole in the Ground
Chicago–The residential real estate contraction and then the onset of the Great Recession created some fierce headwinds for condo developers.
$238M Mixed-Use Residential Project Takes a Big Step Forward in Baltimore
Baltimore–A master plan conceived six years ago for a 100-acre site in southwest Baltimore is well on the way to becoming a reality now that ground has broken on the mixed-use residential project.
DEAL OF THE DAY: Arbor Closes $4.56M Fannie Mae 3Max Loan to Rent-Controlled Property
Bronx, N.Y.–Arbor Commercial Funding LLC recently funded a $4,560,000 loan under the Fannie Mae 3Max product line for the 60-unit complex known as 655 East 233rd Street Apartments in Bronx, NY.
MHN Interview with Lili Dunn: Finding Capital is Still Biggest Challenge
Dunn talks to MHN about her new role at Bell Partners and what she will be working on for the company.
DEAL OF THE DAY: Sperry Van Ness Brokers Sale of Two Apartment Properties for $3.055M
Jefferson, Wis.–Sperry Van Ness represented the seller in the sale of two apartment properties here for $3,055,000.
Affordable Seniors Housing Breaks Ground in Silicon Valley
Morgan Hill, Calif.–Ground will be broken this week for Horizons at Morgan Hill, a 49-unit affordable seniors housing property in the city of Morgan Hill in Santa Clara County in northern California.
Rehabilitated Nazareth Towers Presented to Low-Income Seniors in Ohio
Columbus, Ohio–With a ribbon-cutting ceremony, Nazareth Towers, a 208-unit affordable housing property in Columbus, Ohio, officially emerges from a massive makeover, providing its tenant roster of seniors with a modernized residential community.
DEAL OF THE DAY: Behringer Harvard Acquires Town Center-Style Property Built in 2008
Atlanta– Behringer Harvard acquired The Reserve at Lavista Walk, a luxury multifamily community comprising 283 apartment homes located immediately south of the exclusive Buckhead district near major employment centers in Midtown and Downtown Atlanta.