Property Types
NAHB Announces Best of 50+ Housing Awards Finalists
The National Association of Home Builders has announced the finalists for NAHB’s 2015 Best of 50+ Housing Awards, the premier design and marketing competition for the 50+ housing industry.
EdR Announces Officer Transitions
EdR, one of the nation’s largest developers, owners and managers of high-quality collegiate housing communities, today announced that Paul O. Bower will retire as chairman of the company’s board of directors on December 31, 2014.
Oyster, Tricon Bag $143M Construction Loan for SF Condo Development
Oyster Development and Tricon Capital have obtained a $143.5 million construction loan on their condo project, Rockwell, which is at 1634-1690 Pine St. in San Francisco.
Corvias and University System of Georgia Partner on Innovative $517M P3 Deal
Corvias Campus Living has been picked by the Board of Regents of the University System of Georgia to develop, construct, manage and maintain student housing in the first phase of a public-private partnership, which will include 3,683 new beds and 6,195 existing beds totaling more than 3 million square feet across nine of the USG’s 31 campuses.
New Affordable Seniors Property Opens in LA County
Affordable Living for the Aging has opened its latest seniors housing development, the Janet L. Witkin Center, which has 17 units at 937 N. Fairfax Ave. in West Hollywood. The project will serve low-income and formerly homeless seniors.
Harlem’s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building
A development team is breathing new life into the dilapidated Public School 186 building, one of Harlem’s architectural beauties that has been sitting vacant for nearly four decades.
Campus Evolution Villages Acquires UA Property
Campus Evolution Villages has acquired University Village, a housing property serving University of Alabama students in Tuscaloosa, Ala. The acquisition delivers an increase of more than 1,160 beds to the company portfolio.
Crescent’s $700M Multifamily Portfolio Sale Includes Three New Triangle Apartment Communities
Crescent Communities has announced plans to sell a portfolio of nine new apartment communities in North Carolina, Florida and Georgia, for a total of approximately $700 million.
TODAY’S DEALS: W.P. Carey Grabs Pair of Georgia Apartment Assets for $46M
W.P. Carey-led investment group grabs 444 units in Georgia; HFF arranges financing for a 520-bed student-housing asset in California; and Red Capital provides a $3.85 million balance-sheet construction mezzanine loan.
Shuster Group Reaches 80-Percent Occupancy at Jersey City Apartment
The Shuster Group has reached 80 percent occupancy on The Art House, a luxury multifamily building in downtown Jersey City, with approximately 100 of the 119 new residences now leased.