Regions
WNC Provides Funds for New Affordable Housing Near Seattle
The Villas at Lakewood, a new 240-unit affordable housing community in Marysville, a suburb of Seattle, has opened. WNC provided $9.5 million in low-income housing tax credit equity to fund the development.
Economy Watch: Job Openings Edge Up in October
There were 4.8 million U.S. job openings on the last business day of October, according to the Bureau of Labor Statistics in its Job Openings and Labor Turnover Survey.
Crescent Opens Durham Apartment Development
Crescent Communities has opened Crescent Main Street, a 208-unit apartment property in Durham’s Ninth Street district.
TODAY’S DEALS: McDowell Buys 242-Unit Asset from Waterton
ARA brokers a $32.4 million sale in Pittsburg, Calif.; Gebroe-Hammer completes 12 sales totalling 463 units; and Red Mortgage originates $1.8 million FHA 223(f) refinance for a seniors housing property.
Waterton Residential Hires Jeff Bailey as Senior Vice President
Waterton Residential, the multifamily investment and management division of Chicago-based Waterton Associates LLC, has hired veteran real estate executive Jeff Bailey as senior vice president, operations, for its multifamily properties in the western United States.
Wood Partners Developing 311-Unit Community in Tampa Suburb
Wood Partners is developing Alta Terra Bella, a 19-acre luxury rental community in the Tampa suburb of Land O’Lakes, Fla.
Economy Watch: Gas Prices Still in Freefall
World oil markets are on track to give U.S. consumers an even better price for gasoline in the very near future, according to a report released by AAA—a holiday bonus of sorts.
DePaul Completes Affordable Apartments in Rochester
The Carriage Factory Apartments, created by the redevelopment of the former Cunningham Carriage Factory by the nonprofit DePaul, has been completed. As a residential property, it now offers 71 studio and one- and two-bedroom loft apartments for income-eligible residents.
TODAY’S DEALS: HFF Secures $17M Refinance for Universe Holdings
HFF arranges refinancing for an 118-unit Los Angeles portfolio; Tricap grabs a community in Indiana for $11.3 million; and Arbor Commercial Funding originates two loans under Fannie Mae’s DUS program.
The Moinian Group, Tishman Construction Top Out On West 42nd Street
The Moinian Group has announced that its luxury tower development located at 605 West 42nd Street in Manhattan has topped out at 60 stories.