Regions
Upscale Apartment Project in D.C. Attracts Mayor’s Attention
Washington, D.C.–Rhode Island Row, a 274-unit apartment project in the midst of being developed by Urban Atlantic and A&R Development Corp. in Washington, D.C., recently grabbed the attention of the city’s Mayor, Vincent C. Gray, who visited the $107 million luxury residential project’s construction site on April 5.
TODAY’S DEALS: Marcus & Millichap Sells REO Property
Marcus & Millichap brokers the sale of an REO asset in Jackson, Miss.; HFF sells a loan secured by a 1.78-acrea Miami development site; and Eastern Consolidated arranges a joint venutre for the conversion of an office buiding.
New York City Residential Market Sees Positive Signs, But Multifamily Foreclosures Increased, Says Report
New York–Like anywhere else, New York has suffered the slings and arrows of the recession and housing slump, but according to the latest report by the Furman Center for Real Estate & Urban Policy, some positive signs emerged last year.
AKA Flexible-Stay Apartment Properties to Get $10M Makeover
New York–Korman Communities, owner of the AKA portfolio of flexible-stay apartments, is submitting four of its properties to upgrades at a total cost of $10 million.
TODAY’S DEALS: HFF Closes 280-Unit Mid-Rise in Virginia
HFF closes the sale of a 280-unit property near Washington, D.C.; Johnson Capital arranges $20.5 million refinance for Calif. affordable housing; and Bernard Financial arranges $3.45 million loan for mixed-use property.
U.S. Army and SunCal Ink Development Deal
Dublin, Calif.–The U.S. Army Reserve and private developer SunCal Cos. have signed a Reserve Property Exchange Agreement that will see the developer build new military facilities at Camp Parks Reserve Forces Training Area.
Pool of LEED-Certified Homes in the U.S. Surpasses 10,000 Mark
Washington, D.C.–The U.S. Green Building Council recently announced that more than 10,000 residential properties in the country have earned Leadership in Energy and Environmental Design designation through the organization’s three-year-old LEED for Homes Program.
TODAY’S DEALS: Cushman & Wakefield Sells Boston Area Apartment for $7.8M
Cushman & Wakefield brokers sale of 32-unit apartment near Boston; Boston Capital invests in to-be-built Texas affordable seniors housing; and Walker & Dunlop advances $21 million Freddie Mac CME loan for a just-stabilized property.
TODAY’S DEALS: BPG Properties Sells 200-Unit N.C. Asset for $16.2M
BPG Properties Ltd. has sold Madison at Treybrooke for $16.2 million; Voit completes sale of fully leased condo project; and Gerding Edlen acquires two California properties under development.
Bridge Housing Breaks Ground on Sacramento Affordable Housing
Sacramento–Bridge Housing, a nonprofit affordable housing specialist, has broken ground for Foothill Farms Senior Apartments in Sacramento. The property will feature 138 affordable apartments and community space in four buildings, with a slated completion in July 2012.