Regions
TODAY’S DEALS: Raymond James Completes $195M LIHTC Fund
Raymond James completes a construction/rehab LIHTC fund; Greysteel arranges a 100-unit sale in Maryland; and distressed communities to get a $100 million lift from Bank of America, Enterprise and LISC.
President Jan Berman Elected to Green Light New York Board of Directors
Jan Berman, president of MechoSystems, has been elected to the Board of Directors of Green Light New York (GLNY). His nomination was unanimously approved.
Greystar Begins Construction on Fort Lauderdale Luxury Apartments
Greystar has begun construction on Elan 16Forty, a new 261-unit, mid-rise apartment community in Fort Lauderdale’s growing downtown district, which will also offer 2,300 square feet of retail space.
Economy Watch: U.S. Top Oil and Gas Producer in the World
Not much economic data is coming from the federal government these days, but the U.S. Energy Information Administration did manage to release a report on American oil and natural gas production.
Upside Investments Acquires 669 Apartment Units in LA
Upside Investments has acquired Crenshaw Village Apartments, a 669-unit multifamily property in Los Angeles, for $60 million.
Construction Begins on Three-Way JV Partnership Community in Rahway, N.J.
Construction has commenced on a 116-unit Sterling Properties, AST Development and Hearstone Development joint venture community in the heart of Rahway’s Arts and Central Business District.
TODAY’S DEALS: Steadfast Income REIT Acquires Three Apartment Communities
Steadfast completes acquisitions in Texas and Tennessee; ARA brokers a 419-unit Dallas portfolio sale; and NorthMarq Capital arranges financing of $10.24 million for a mixed-use project.
WinnDevelopment Completes Rehab of Huntington Woods
The rehabilitation of Huntington Woods, a 280-unit, mixed-use apartment community in Bristol, Conn., is complete
Economy Watch: The Impasse Drags On
The federal government shutdown continued throughout the weekend, though the House voted unanimously on Friday to pay furloughed government workers, who number about 800,000, for the time they’re spending furloughed.
TODAY’S DEALS: Mack Urban and AECOM Announce the Land Acquisition of Six Acres for More Than $80M
Mack Urban and AECOM Capital announced the acquisition of six acres of land in downtown Los Angeles’ South Park district; three Georgia seniors housing assets trade for $30.9 million; and Greystone closes $15.9 million in Fannie Mae financing for a Maryland community.