Regions
DEAL OF THE DAY: Boston Capital Supplies Capital for Affordable Housing Development
Jackson, N.J.–Boston Capital invested in the construction of Windsor Crescent, a to-be-built, 112-unit multifamily development located in Jackson, N.J. The general partner is Community Investment Strategies Inc. (CIS).
DEAL OF THE DAY: Hendricks & Partners Arranges $3.2M REO Sale for Bank
Oakland, Calif.‑Hendricks & Partners arranged what it said was the largest East Bay REO sale in 2010. The two apartment communities, Pinecrest and Garden View Apartments, totaled 96 units and were sold for $3,200,000.
Old Jewish Daily Forward Building in Manhattan Going Condo
New York–BCN Development has inked a deal to acquire the 50,000-square-foot 45 East 33rd St. off of Park Avenue South in Manhattan for about $20 million.
Web Feature: Sustainability Charrette? Way to Go Green
New York–Developer Full Spectrum recently held a sustainability charrette in New York City for its Old Capitol Green project located in downtown Jackson, Miss.
Grubb & Ellis Apartment REIT to Undergo Growth Spurt with $182.4M Acquisition Deal
Santa Ana, Calif.–Grubb & Ellis Apartment REIT Inc. is on track to increase its portfolio by over two-thirds and bring a new management business into the fold in one fell swoop.
Metcalf West Gets Serious About Solar Energy
Oahu, Hawaii–Metcalf West, a commercial, affordable housing and residential builder based out of Oahu, recently installed solar panels at its headquarters in the Kohanaiki Industrial area.
DEAL OF THE DAY: Walter Investment Buys $6.3M in Loans Held by Pool of Mortgages
Tampa–Walter Investment Management Corp. completed the purchase of a pool of residential first-lien mortgage loans utilizing $6.3 million of proceeds from its equity offering.
California Set to Make Mechanic’s Lien Law Change
Sacramento, Calif.–In a move that might benefit multifamily property owners in California who hire outside contractors to do work on their properties, the state of California will change the way property owners are notified of mechanic’s liens.
Centex Opens Family-Friendly Condominium Community in Bergen County, N.J.
Garfield, N.J.–Signature Place at Garfield, a 184-unit condominium property in Garfield, N.J., has made its debut.