Regions
Houston Condo Development Sold After Protracted Bankruptcy Proceedings
Houston–Gramercy Park Condominiums, a mid-rise multifamily property in the Medical Center submarket of Houston, has been sold out of bankruptcy.
DEAL OF THE DAY: Prudential Mortgage Capital Provides $26.9M Perm for Newly Built Property
Elkridge, Md.–Prudential Mortgage Capital Co. closed a $26.9 million permanent loan on behalf of Fannie Mae for Penniman Park Apartments, a newly constructed rental apartment located in Elkridge, Md.
$48M in Financing Closes for Mixed-Use Project in Suburban Washington, D.C.
Washington, D.C.–It’s all systems go for Garfield Park, a 149-unit luxury mixed-use apartment project just outside of Washington, D.C., in Arlington, Va.
‘Foong on Finance’: Will the Deficit Commission Propose to Eliminate the LIHTC Program?
The chairmen of the president’s commission to reduce the federal deficit released their proposals yesterday.
SPECIAL REPORT: Experts Forecast Stronger Market Conditions Despite Weak Job Growth
New York–Companies may finally be feeling comfortable enough again to begin to play a strong role in supporting the economy.
DEAL OF THE DAY: Kislak Markets and Sell Foreclosed and Renovated Property for $13.5M
Lindenwold, N.J.–The Kislak Company, Inc. announced the sale of Emerald Ridge Apartments, a 376-unit property in Lindenwold, N.J. that sold for $13,500,000. Vice president Matt Weilheimer handled the sale.
Affordable Housing Community in Mississippi Gets Much-Needed $12M Makeover
Meridian, Miss.–The Meridian Housing Authority (MHA) recently held a well-attended ceremony to kick off the rehabilitation of Frank Berry Courts, a 113-unit affordable housing property in Meridian, Miss.
Rick Castro Joins NWP Services as Managing Director, ISO/Lean Six Sigma Quality Programs
Irvine, Calif.–Rick Castro recently joined NWP Services Corp. (NWP) as managing director of its ISO and Lean Six Sigma Programs, reporting to Vaughn Chase, vice president of operations.
DEAL OF THE DAY: Tikijian Represents Seller Who Purchased Mortgage Note and Negotiated Deed in Lieu
Indianapolis–Tikijian Associates participated in the sale of Presidential Estates Apartments, a 255-unit community located on Indianapolis’ far north side. Presidential Estates was listed for $6,750,000, and the sale closed in Ocotber.
MHN Interview with Joe Stanton: NAHB Needs Congress to Work Together
Joe Stanton, senior VP of Government Affairs at the National Association of Home Builders, talks to MHN about the impact that divisiveness in Congress could have on home building.