Regions
Sterling Properties Begins Leasing First Building at RiverBend East at Wappingers Falls
Sterling Properties has announced that is has begun leasing in the first building of the company’s new development RiverBend East at Wappingers Falls in Dutchess County, N.Y.
TODAY’S DEALS: Toronto-Based Starlight Acquires Houston Apartments
Starlight U.S. Multi-Family Core Fund acquires a 257-unit asset in Houston; RED Capital Group provides $10.1 for the acquisition and rehab of a low income seniors housing asset; and Carroll Organization adds a multifamily asset to its Florida portfolio.
Joint Venture Begins Work on Historic Apartment Rehab in Detroit
Ground has been broken on the redevelopment of Cass Plaza and the Davenport Building, two properties in the Cass Corridor in Midtown Detroit. The redevelopment of the buildings will provide affordable apartments for 47 families.
United Group Welcomes Chief Operating Officer
As United Group of Companies continues to grow and evolve, the company welcomes Jeff Arnold as Chief Operating Officer (COO) of United Realty Management Corp., AMO®.
LaSalle Group to Break Ground on Chicago-Area Memory Care Community
The LaSalle Group will break ground on its ninth Chicago-area memory care community.
Economy Watch: Consumers Cheer Up
U.S. consumer sentiment is up, with the mid-April reading coming in at 82.6, according to the Reuters/University of Michigan’s consumer sentiment index.
TODAY’S DEALS: Berkadia Arranges $146M for First Seniors Housing Early Index Lock Deal
Berkadia closes a first-ever seniors housing Early Index Lock transaction; Investor’s Bank closes 80 deals in 1Q14 with strong multifamily business; and Cohen Financial secures $16 million in equity for a condominium development in South Florida.
Centerline Introduces Proprietary Bridge Loan Program for Pre-Stabilized Properties
Centerline Capital Group announced a new multifamily bridge loan program that will provide short-term financing for multifamily properties that have not reached stabilization.
Hughes Corp. Plans Apartments for Downtown Summerlin
The Howard Hughes Corp. and the Calida Group have unveiled plans for the first multifamily residential development in the 400-acre Downtown Summerlin in the Summerlin master-planned community in Las Vegas.
Enterprise to Develop Two L.A. Green Affordable Properties
Enterprise Community Investment Inc. has announced a pair of new Low Income Housing Tax Credit deals that will fund construction of buildings for low-income and formerly homeless families and seniors with special needs.