Regions
TODAY’S DEALS: Bluerock, Bell Partners Grab a Tennessee Asset
Partnership buys a 252-unit asset; Gerson Bakar & Associates complete a 300-unit acquisition near Portland, Ore.; and Alliant Capital completes loan with a 3.81 percent interest rate.
California Affordable Housing Fund Closed by WNC
WNC, a national investor in community renewal and affordable housing projects, has closed WNC Institutional Tax Credit Fund X, California Series 10. The $50 million multi-investor Low Income Housing Tax Credit (LIHTC) fund will finance eight affordable housing projects.
TODAY'S DEALS: HFF Completes $57M Atlanta Sale
HFF closes the sale of an Atlanta asset to TA Associates Realty; The Cantrell Co. brokers the sale of a distressed asset in Dallas; and NorthMarq Capital’s Greg Duvall completes four market-rate financings through AmeriSphere.
California Developer Says ‘No’ to Smoking in Apartments
Towbes Group has imposed a no-smoking policy in the 13 multifamily properties it manages in California.
Aragon Makes First Foray into Florida With Apartment Buy
Aragon Holdings has bought the 373-unit Abaco Key Apartment Homes near the Walt Disney World Resort, representing an investment of about $250 million.
Bangkok Gets New Luxury Mixed-Use Buildings
Major developers are showing confidence in Bangkok, the capital city of Thailand. An array of mixed-use projects has started to shape the skyline of Asia’s City of Angels.
MKS Residential Breaks Ground On 319-Unit LEED Silver Multifamily Apartments in Boulder
MKS Residential LLC, a Solana Beach, Calif.-based developer, has started construction on an environmentally-friendly 319-unit apartment community located just east of 30th and Pearl streets in Boulder, Colo.
MARKET SNAPSHOT: Occupancy, Investment Activity on the Rise in the Nation's Capital
In the first quarter of 2012, the Washington, D.C., metro saw overall vacancy fall 20 basis points to 4.0 percent, while vacancy in the district fell 30 basis points to 4.4 percent.
Ground Broken on UNT Student Housing
Fountain Residential Partners and Crosswind Development Partners have broken ground on 33 North, a 139-unit/427-bed student housing property in Denton, a small city north of Dallas.
MHN Interview: Company Pledges $750,000 to Support Affordable Housing Development
Enterprise Community Partners recently announced it will offer $750,000 in grant support to fund supportive and senior housing development. MHN talks to Victoria Shire, deputy director, neighborhood initiatives, Enterprise, about this new initiative.