Regions
Weinberg Foundation and Maryland to Fund Housing for the Disabled
Baltimore–The Weinberg Foundation and the state of Maryland have partnered to create the “Affordable Rental Housing Opportunities for Persons with Disabilities” initiative, the first of its kind in the nation.
McCormack Baron Salazar Gains Two LEED-ND Certifications
St. Louis, Mo.–McCormack Baron Salazar has become the first developer to receive LEED for Neighborhood Development certification for two completed neighborhoods.
Crystal Gardens in Melbourne Designed as a ‘Vertical Street’
CK Designworks is designing what they call a “vertical street” in downtown Melbourne, a 35-story mixed-use high-rise that will feature ground-floor retail, three floors of office space and 154 apartment units.
Cushman & Wakefield and Walker & Dunlop Enter MF Strategic Alliance
New York and Bethesda, Md.–Cushman & Wakefield and Walker & Dunlop have formed a strategic alliance to focus on multifamily agency financing and investment sales.
Markham Gardens Becomes Staten Island’s First LEED Silver Community
Staten Island, N.Y.–Markham Gardens, a 289-residence, mixed-income community, becomes Staten Island’s first LEED-certified housing development.
Post Investment Group Breaks Ground on Metro Little Rock Apartments
North Little Rock, Ark.–Construction has begun on Riverside at Rockwater, a 264-unit apartment property that is part of a mixed-use redevelopment on the site of a former industrial facility.
TODAY’S DEALS: IPA Arranges $76.5M Sacramento Area Sale
IPA completes the $76.5 million sale of a 612-unit property in Roseville, Calif.; NorthMarq Capital arranges two multifamily mortgages totaling $24.5 million; and Hendricks & Partners represents the seller in a 4.8 percent cap sale.
Rehab of Historic Affordable Seniors Housing Property in Richmond, Calif.
Richmond, Calif.–The Carquinez, a 36-unit affordable seniors housing apartment building in Richmond, Calif., has experienced a rebirth with the completion of a $9.5 million rehabilitation program.
TODAY’S DEALS: BCN Acquires Prime Manhattan Space for Condo Development
BCN Development signs prime Manhattan space for a new condo; Emeritus enters a purchase agreement with Blackstone for 24 assisted-living communities; and Beech Street Capital originates $12.65 million Fannie Mae loan for property in an improving area.
Hospitality Property Values Rebound in 1Q11
New York–Integra Realty Resources’ Commercial Property Index finds that the hospitality/lodging sector has experienced the second-best growth prospects, after the multifamily sector.