Regions
Robust New Jersey Development Buoying Optimism
An unprecedented number of new multifamily units now or soon to be underway in northern New Jersey has market observers keenly focused on the development pipeline.
TODAY’S DEALS: Walker & Dunlop Funds $32.2M Freddie Mac Loan
Walker & Dunlop refinances a 330-unit asset; a Texas property is refinanced by Beech Street Capital; and an Archstone, FUTURA joint venture breaks ground on a new development in Florida.
Rehab of Virginia Affordable Housing Property Set
Work will soon be under way on the rehabilitation of Parkway Village Apartments, a 126-unit affordable multifamily property in Waynesboro, Va.
Washington Heights Property Receives $21.5 Million for Rehabilitation
A Washington Heights affordable housing building will receive $21.5 million in financing to fund extensive rehabilitation on the property.
TODAY’S DEALS: Affordable Green Project Opens in Newark
RPM’s LEED certified affordable asset opens; a $10 million mixed-use site hits the Miami market; and Johnson Capital’s Dallas office arranges bridge, acquisition and rehab loans in Texas and Kansas.
Brooklyn Heights Condo Project Reports Brisk Sales
The appetite for condos seems to be back in certain markets, such as parts of New York, if buyers’ enthusiasm for buying them is any indication.
JV Obtains Equity Funding for Austin Residential High-Rise
Endeavor Real Estate Group, an Austin-based commercial real estate company, and LYND, a San Antonio-based multifamily specialist, have secured equity for their mixed-use joint venture development in downtown Austin, 3 eleven Bowie.
NAREE Special Report: Multifamily’s New Trajectory
Despite growing rents and occupancies, there is still room for improvement in the multifamily sector.
TODAY’S DEALS: Walker & Dunlop Closes $27.5M Refinance
Walker & Dunlop lands $27.5 million in financing; Wood Partners and Love Funding close on a $26.8 million construction loan; and Alliant Capital completes an $8.1 million refinance loan carrying 3.21 percent interest.
Senior Affordable Housing Apartments in Canton Receive $10 Million from AFL-CIO Housing Investment Trust
The AFL-CIO Housing Investment Trust has agreed to invest $10 million in the rehabilitation of the 144-unit Mayfield Manor Apartments, a senior affordable housing community in Canton, Ohio.