Regions
Trammell Crow Company Teams with Northwestern Mutual on Dallas Mixed-Use Property
High Street Residential, the residential subsidiary of Trammell Crow Company, has teamed with Northwestern Mutual Real Estate to develop Knox Heights, a Class A, six-story, mixed-use project featuring 182 luxury residential units and ground-floor retail and restaurants in Dallas’ popular Knox Street Corridor.
Capri Capital Sells 351-Unit Multifamily Community in Fort Lee, NJ
The Crest at Fort Lee, a 351-unit apartment community in Fort Lee, N.J., has been sold by Capri Capital Partners LLC, of Chicago, for $120 million to Pantzer Properties, of New York.
Economy Watch: No Real Hint of Interest Rate Increase from FOMC
Economists, pundits and other Fed-watchers had wondered, before the Federal Open Market Committee released its latest meeting minutes, exactly what would happen to two little words: “considerable time.” That is, would the central bank remove those words from its guidance about interest rates?
Greystone Plans Mixed-Use Development in Harlem
Locally based developer Greystone has acquired four adjacent land parcels on 125th and 126th Streets in the Harlem neighborhood of Manhattan. The company plans to develop a single mixed-use property, about 12 stories high, on the site.
TODAY’S DEALS: Bullish on Jersey’s Gold Coast, Pantzer Drops $120M on Apartment Asset
Pantzer buys a 351-unit asset from Capri Capital Partners; Greystone provides Presidium with a $15.1 million bridge loan for a San Antonio buy; and Lee & Associates complete a $2.7 million sale in North Hollywood.
Seniors Community Funded by WNC LIHTC Equity Opens in Honolulu
Pacific Housing Assistance Corporation recently held a dedication ceremony to officially mark the opening of Senior Residence at Iwilei, an affordable seniors housing building that was partially funded with $24 million in LIHTC equity from Irvine, Calif.-based WNC.
Hunt Companies to Undergo New Leadership
Hunt Companies Inc., a national developer, investor and manager of real assets for public and private sector clients, announced the appointment of Chris Hunt, who will transition into chief executive officer for the company.
New Affordable Seniors Housing in San Diego Will Be LGBT Friendly
Community HousingWorks is planning Arizona Street Development, a proposed 76-home seniors apartment building and a 118-home multifamily building in San Diego’s North Park district.
Hinduja Group, OHLD Grab Iconic Old War Office Building in Central London
London-based Hinduja Group, one of the largest diversified companies in the world, in partnership with Spanish industrial company Obrascon Huarte Lain Desarrollos, has recently purchased the Old War Office building in central London.