Regions
Savanna Partners Wins Financing for Residential Site in Brooklyn
Savanna Partners has obtained a $21.8 million bridge loan to fund its acquisition of a downtown Brooklyn development site.
TODAY’S DEALS: Centerline Provides Acquisition, Renovation Financing for Florida Asset
Centerline provides a Related affiliate with acquisition and renovation financing; Greystone closes $40.4 million for a Tennessee community; and Meridian Capital negotiates $39.3 million in financing for mixed-use properties in New York and New Jersey.
Seattle’s Cornish to Start Construction on New Residence Hall and Learning Center
Cornish College of the Arts will hold a ground breaking ceremony to kick off its newest project, a 20-story residence hall and learning center located at 2025 Terry Avenue in Seattle.
Industry Expert Joins Affordable Sales Team at Yardi
Santa Barbara, Calif.—Yardi announced today the hiring of Deborah Lear as executive sponsor for its affordable housing market. Lear is a nationally recognized multifamily housing veteran with more than 30 years of experience in the industry. Lear most recently served as director of the Office of Housing Assistance Contract Administration for the Department of Housing and Urban Development in Washington, D.C. She has extensive expertise with programs such as Performance Based Contract Administration, funding and oversight of rental subsidies, and multifamily asset management. Her career experience encompasses numerous departmental initiatives at HUD including Special Assistance Workout Team, Section 8 Contract…
HAP Investments Appoints Julide Oztap Sales and Marketing Manager
HAP Investments LLC, a New York based international real estate investment and development company, announced it has appointed Julide Oztap as sales and marketing manager. I
Miller-Valentine Group Developing Seniors Housing in Perrysburg, Ohio
Miller-Valentine Group is developing Harbor Town Landing, a four-story apartment community designed exclusively for adults 55 and over in Perrysburg, Ohio.
Housing Starts Hold Steady in February, According to NAHB
Nationwide housing starts were virtually unchanged in February, inching down 0.2 percent to a seasonally adjusted annual rate of 907,000 units, according to newly released data from the U.S. Department of Housing and Urban Development and U.S. Census Bureau.
Economy Watch: Homebuilders a Little Less Glum
Builder confidence in the market for new single-family homes rose one point in March to 47 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Guardian Real Estate Completes Affordable Housing Rehab in Oregon
Guardian Real Estate Services, in partnership with HUD and Oregon Housing and Community Services, has completed a $14 million rehab project that maintains 69 affordable homes for seniors and families in Beaverton, Ore.
TODAY’S DEALS: Trade Street Acquires Raleigh Apartments
Trade Street Residential picks up a property from Woodfield Investments; NorthMarq Capital finalizes $10 million in bank financing for a newly constructed property; and HFF secures acquisition financing for a Houston property.