Regions
Hebron Properties Brings ‘Great Australian Living’ Concept to Bangalore
Hebron Properties, an India-based real estate developer, has launched an ultra-luxury residential project near T.C. Palya in K.R. Puram in Bangalore.
Walker & Dunlop Arranges $157M in Finance for Off-Campus Housing
Real estate finance specialist Walker & Dunlop Inc. reports that it originated $157.1 million in financing for off-campus student housing properties located nationwide last year, an indication of the popularity of that kind of multifamily development, particularly as sustained by the GSEs.
Eastern Carolina’s North Campus Crossing Changes Hands
Student housing investment and development firm Pierce Education Properties, partnering with an affiliate of Core Properties, has acquired Phase I and Phase II of North Campus Crossing, an off-campus housing community serving Eastern Carolina University students.
TODAY’S DEALS: JV Lands Acquisition Financing for N.C. Student Asset
Pierce Education and Core Properties land acquisition financing through HFF; Behringer Harvard acquires a 312-unit community in Jacksonville; and McKinley obtains a $14.2 million bridge loan with Bank of America.
NYC’s BlueWay Plan will Fortify East River Waterfront
New York City is planning to build a new storm barrier along the East River as part of a complete revamping of a four-mile long waterfront featuring wetlands, pedestrian bridges, mini parks, a continuous bike/walk path and even a sandy beach.
Economy Watch: Housing Starts Drop in January
The Census Bureau reported on Wednesday that housing starts took a dip in January.
Work Under Way on Columbia Apartment Community
A partnership between the Howard Hughes Corp., Kettler and Orchard Development Corp. has broken ground on the Metropolitan Downtown Columbia, the first development to proceed under the 2010 Downtown Columbia Plan for Columbia, Md.
Pennrose Announces Lee Reedy as Vice President of Marketing
Pennrose, a real estate development and management company focused on multifamily communities, is announced that Lee Reedy has been named vice president of marketing.
Beech Street Once Again Captures Top-Producing Multifamily Lender Spots for Fannie Mae and Freddie Mac
For the second year running, Beech Street Capital LLC, placed third on Fannie Mae’s annual list of top multifamily loan originators.
Joint Venture Invests in California Seniors Community
The Community Development Trust has recently partnered with Thomas Safran Associates to invest in a 200-unit seniors community in Santa Ana, Calif.