Regions
The Moderne Breaks Ground in Milwaukee
Milwaukee–Barrett Visionary Development broke ground this week on the Moderne, a mixed-use, 30-story tower in downtown Milwaukee.
Work Begins on Mixed Residential Project in Coveted N.H. Location
Manchester, N.H.–Construction of Legacy Park Manchester, a residential project encompassing multifamily and single-family housing in Manchester, N.H., has gotten underway.
TODAY’S DEALS: IPA Closes $32.75M Student Housing Acquisition in Virginia
IPA brokers sale of 228-unit student housing complex; Cohen Financial arranges bridge loan for fractured condos; and Granbridge closes a $75.8 million first mortgage loan.
Enterprise Community Investment Wins More New Markets Tax Credits
Columbia, Md.–The U.S. Department of the Treasury’s Community Development Financial Institutions Fund has awarded Enterprise Community Investment Inc. an additional $62 million in New Markets Tax Credits.
TODAY’S DEALS: Insight Purchases 200 Apartments in Fredericksburg for $18.3M
Insight has purchased a 200-unit apartment community in Fredericksburg, Va.; HFF has arranged $39.3 million financing for N.J. portfolio; and Berkadia Commercial Mortgage originates adjustable-rate Freddie Mac loan for institutinoal borrower.
Pension Fund Manager to Help Create 635 Union Jobs Via $50M Investment
Minneapolis–The AFL-CIO Housing Investment Trust continues to aid the creation of construction jobs and support affordable housing with a recent $50 million investment in a Minneapolis multifamily rehabilitation project.
TODAY’S DEALS: Construction Begins on Inland’s Orlando Student Housing Project
Construction begins on Inland’s Fla. student housing; Marcus & Millichap’s Mark Myers brokers $87 million in seniors housing investment sales; and Cushman & Wakefield sells a Florida condo community for $5.2 million.
Housing Affordability Still a Problem, Despite Price Drops
Housing has gotten increasingly difficult to afford in recent years, according to a report by the Center for Housing Policy, and cutting federal support would only exacerbate the problem.
TODAY’S DEALS: Marcus & Millichap Sells $30M High-Rise in Tempe
Marcus & Millichap sells Arizona high-rise for $30 million; Jones Lang LaSalle will market 103-unit 737 Park Avenue in Manhattan; and HFF arranges $38 million to refinance construction loans.
Cityline Partners Plans 40-Acre Tysons Corner Transformation
McLean, Va.– Cityline Partners of McLean, Va. has unveiled a plan for the long-term transformation of about 40 acres of land in Tysons Corner, Va. into an integrated mix of residential, office, hotel, retail and civic uses surrounding an improved Scotts Run Stream Valley Park.