Regions
$39M Affordable Housing Breaks Ground in LA
Meta Housing Corp. has started construction on Whittier & Downey. The transit-oriented community will feature 35 units.
NHP Foundation Lands $9M Loan for Affordable MD Purchase
National Affordable Housing Trust, in a partnership with Low Income Investment Fund and Morgan Stanley, provided acquisition financing for the 120-unit property.
Thalhimer Begins Next Phase of Richmond Adaptive Reuse Project
The company acquired the 18-acre lot in 2013. City View Marketplace is set to include 161 units and 13,270 square feet of commercial space.
Greystone Names New Managing Director
George Kenny brings three decades of mortgage and securitization experience to his new position. His previous employers include Starwood Property Trust, UBS and Bank of America.
Long Island Senior Community Receives $10M HUD Loan
Located 45 minutes from Manhattan, Birchwood Suites in East Northport, N.Y., landed the refinancing loan through HUD’s Section 232 pursuant to Section 223(f) funding program.
Suburban Pittsburgh Asset Trades for $61M
Buligo Capital and Graycliff Capital acquired Ascent Four Thirty, a 319-unit community in Wexford. The property is currently 94 percent occupied.
Canfield Development Builds $22M LA Apartments
The Kenmore, a 69-unit development in Koreatown, will be designed by Nadel Architects and include VIP cabanas, a spa and a package-delivery system.
Hampton Roads Community Trades for $30M
Robinson Development Group sold the 183-unit property located in Chesapeake, Va. Built in two stages, Cottage Trails at Culpepper Landing came online in 2015.
AHC Starts Work on $100M VA Affordable Project
An outdated property in Arlington will be transformed into a 256-unit community. The redevelopment is expected to be completed in 2020.
Extech Introduces New Moisture Measurement Tools
The two non-intrusive meters can be used for wood, plaster, concrete or tiles and offer a moisture measurement depth of up to 100 mm.