Regions
Q&A with Portland State University’s Dr. Gerard Mildner
Portland State University is introducing a new master’s program in real estate development this fall, making it one of only two universities in the Northwest to offer the degree.
TODAY’S DEALS: Mill Creek Residential Trust and Rockwood Capital Form Multifamily JV
Mill Creek Residential Trust LLC and Rockwood Capital have formed a new multifamily joint venture; NorthMarq arranged first mortgage financing of $23.99 million for Annapolis, Md. apartments; and Red Capital Markets structures bond financing for affordable housing.
Renaissance Square Wins Sustainable Building Award from Maryland USGBC
Renaissance Square, a for-sale affordable housing community under development in Essex, Md., has earned a valuable distinction in Maryland’s sustainable housing development arena.
TODAY’S DEALS: SWA Group to Redesign 1700-Home Sunnydale Public Housing Community
SWA Group begins designs for transformation of 1700-unit Sunnydale public affordable housing; NorthMarq’s $19M refinance allows return of capital; and Akridge gets approval for Virginia mixed-use redevelopment.
New Partnership Focuses on Fractured Condo Niche
Washington, D.C.–Fairfield Residential and McWilliams-Ballard have joined forces, forming the Property Portfolio, to take on the business of fractured condominiums.
Demand Pushes Value Companies to Pick Up Development Pace
Middletown, N.Y.–Renters snatched up residences at Value Companies’ recently completed The Point at Sutton Hill in a hurry, prompting the company to commence construction of The Point’s next set of buildings way ahead of schedule.
Chicago Affordable Apartments Win Neighborhood Development Awards
Chicago–The 17th annual Chicago Neighborhood Development Awards recognized two North Side Chicago multifamily developments, one for affordable housing, the other for for-profit development.
TODAY’S DEALS: Holliday Fenoglio Fowler Closes Sale of Houston Apartments
HFF has closed the sale of a 318-unit complex in Houston; Grosvenor Investment Management U.S. Inc. commits $93 million; and Johnson Capital closes a Louisiana apartment loan.
Economy Watch: More U.S. Homeowners Underwater in Fourth Quarter
The housing hangover continues; the House holds hearings on the future of the GSEs; and Bernanke beats his drum about the perpetually ballooning deficit.
AMCAL Completes Workforce Housing Development in Fresno
Fresno, Calif.–AMCAL Multi-Housing Inc., in partnership with the Foundation for Affordable Housing, has developed the 50-unit family workforce project Summer Hill Place in an area deeply in need of affordable housing.