Regions
Construction Starts on 256-Unit Alta Heights in Houston
Wood Partners LLC, a multifamily developer, has began work on Alta Heights, a 256-unit apartment community situated on 3.5 acres at 145 Heights Blvd., in Houston’s Washington Corridor.
141 Affordable Apartment Units to be Renovated in Connecticut
Related Affordable, a division of Related Companies, has announced that it will provide $3.7 million in renovations and upgrades for 141 affordable units in the River Run Apartments community.
TODAY'S DEALS: Health Care REIT, Chartwell Complete $936.5M Purchase in Canada
Heath Care REIT and Chartwell Seniors Housing acquire 42 assets in Canada; Beech Street provides $16.3 million for a 296-unit asset in Florida; and Walker & Dunlop supplies a $15.9 million Freddie Mac CME loan to HAP property.
Pullman Wheelworks Wins Financing for Rehab
Mercy Housing Lakefront and National Housing Trust/Enterprise Preservation Corp. have obtained financing for the rehabilitation of the Pullman Wheelworks, a 210-unit affordable housing apartment building on Chicago’s south side.
Solomon Purchases Two Rental Properties with Much in Common
Solomon Organization recently purchased two luxury rental communities, one in Lancaster, Pa., and the other in Pleasant Valley, N.Y., and will immediately begin to upgrade the communities’ apartments, landscaping and common areas.
TODAY'S DEALS: EBSCO Buys 240-Unit Asset in Georgia
EBSCO Income Properties buys a Georgia apartment community for $17.3 million; Newmark Grubb Knight Frank arranges for the sale and purchase of two bank-owned properties; and ARA announces the sale of a 1939 property in Miami’s South Beach.
Upper West Side Condo Project Picked for Boys & Girls Club Show House
The Aldyn, a newly completed 40-story condo property located at 60 Riverside Blvd. on Manhattan’s Upper West Side, has been selected by the Kips Bay Boys & Girls Club as this year’s location for its Decorator Show House.
New Community Design Evokes Resort Feel
NMS, a Los Angeles-based development company, has started construction on a $50 million multifamily community at La Cienega Boulevard in Beverly Hills, Calif.
Latin United Community Housing Association Receives $4.7 for Affordable Housing
BMO Harris Bank has extended a $4.7 million construction loan to the Latin United Community Housing Association to provide renovations on the Borinquen Bella Apartments.
JV Begins Work on Savannah Apartment Development
A partnership between Cortland Partners and Batson-Cook Development Co., both based in Atlanta, has broken ground on Two Addison Place in Pooler, Ga., northwest of Savannah near I-95.