Property Types
USA Properties Fund Completes Rehab on LA Seniors Community
The renovation of Huntington Plaza Apartments, a 184-unit low-income seniors housing property in the Los Angeles suburb of Huntington Park, has been completed. The entire cost of the property’s acquisition and rehabilitation was $30.2 million.
Sacramento Affordable Housing Community Receives Grant for Green Upgrades
Mutual Housing California has been awarded a $5,000 grant from the Bank of Sacramento in order to make green renovations at Greenway Village Mutual Housing Community, a 54-unit affordable housing community located in South Sacramento, Calif.
Cypress Landing Affordable Apartments Reopen in Shreveport
Cypress Landing, formerly known as University Oaks I and II, has received a “grand reopening” in Shreveport, La.
Bijou Properties, Intercontinental Break Ground on New Development
Ground has broken on an $83 million luxury multifamily project in Hoboken, N.J., via a joint venture between Bijou Properties and Intercontinental Real Estate Corp. The project, 900 Monroe, is located next to the 9th Street Light Rail Station.
Campus Advantage on Growth Spurt With Five Acquisitions This Year
Campus Advantage has acquired five additional student housing properties since the beginning of this year, helping solidify the Austin-based company’s already significant standing in the nation’s student-housing industry.
Aquinas Realty Partners Breaks Ground on Philadelphia Community
Aquinas Realty Partners, along with Philadelphia Mayor Michael A. Nutter, City Council President Darrell Clark and the Philadelphia Redevelopment Authority, recently hosted a groundbreaking event for a redevelopment project located at 2017-2023 Chestnut Street in Philadelphia.
MHN Interview: Michael Preston, Regional Director, National Church Residences
With more than 20 years of experience in social work, Michael Preston is a good judge of what kind of social support program actually makes a difference for disabled homeless and veterans. In his role as regional director of permanent supportive housing for Columbus, Ohio-based National Church Residences—the nation’s largest non-profit specializing in affordable senior housing—he’s involved in a fast-growing collaborative effort to help house those in need.
Second Phase Complete at L+M’s Candlestick Heights Community in SF
L+M Development Partners celebrated the completion of the second phase of construction this month at the company’s first California community, Candlestick Heights, in San Francisco.
ZOM Moves Forward With a Pair of New Developments in Miami
Luxury multifamily developer ZOM announced that it has closed on a pair of separate transactions that put the developer and its joint venture partners in positions to add more than 800 high-end rental apartments to the South Florida Market.
TODAY’S DEALS: The Bassuk Organization Closes $73.5M for NYC’s Chelsea Tower
The Bassuk Organization closes $73.5 million with TIAA-CREF for a luxury apartment community in New York; ARA arranges a 352-unit sale in Washington; and HFF brokers a $5.65 million sale, and closes a three-year, interest-only, loan for the acquisition of an apartment community.