Property Types
Renters Face Affordable Housing Crisis, Harvard Housing Study Reports
Renters are spending more of their monthly incomes on housing than ever before.
MHN Interview: An Affordable Makeover in Hawaii
MHN talks to Stacie Brach, who manages the Western States affordable portfolio in Honolulu for The Michaels Organization, about the logistics such a significant effort entailed and how her “residents first” approach helped.
TODAY’S DEALS: Cohen Financial Secures $27.7M Construction Loan Miami Condo
Cohen Financial provides a construction loan to a nearly sold out Miami condo; Morgan Properties and Core Properties acquire a 500-unit portfolio in Maryland; and NorthMarq Capital’s Denver office executes two loans totaling $33.12 million.
BLT and Metrovest Unveil Third Rental Building at The Beacon in Jersey City, NJ
Co-developers BLT and Metrovest have unveiled their latest building, The Paramount, within the companies’ Jersey City, N.J. development The Beacon, following on the heels of successful lease-ups of its two other buildings, Mercury and Orpheum, earlier this year.
Greenbuild Property Tour Slideshow: Four Sustainable Communities in Philadelphia
While it is great to report on all the innovative apartment communities being built across the country during this development cycle, there is nothing like getting to tour some properties first hand. MHN recently had the opportunity to tour four niche multi-housing communities in Philadelphia at the forefront of the green movement.
TODAY’S DEALS: Campus Advantage Buys 850-Bed Student Housing Asset in Georgia
HFF arranges the sale of a newly built student housing property; Federal Capital Partners provides $10 million for a high-rise student housing asset in North Carolina; and Johnson Capital arranges a $6 million takeout loan for a newly constructed property.
New Boston Fund and Asian Community Development Corp. Kick Off Construction on 362-Unit Mixed-Income Community
New Boston Fund Inc. and the Asian Community Development Corporation have announced the closing of financing and the beginning of construction on the mixed-income community One Greenway, located on Hudson Street in Boston’s Chinatown neighborhood.
Stonemont Financial Bringing Student Housing to SCAD Students
University Housing Services Inc. is developing The Hue, a loft-style, off-campus student housing community in the heart of historic Savannah, Ga., which will provide housing for 446 Savannah College of Art & Design students when it opens next September.
TODAY’S DEALS: Cassidy Turley Arranges JBG’s $222M Sale of Newly Constructed Multifamily Properties
Cassidy Turley announced that it represented The JBG Cos. in the sale of the newly completed Sedona and Slate, located in Arlington, Va.; Cushman & Wakefield arranges the sale of 163 condos in Florida; and Arc Capital acquires a 139-unit apartment community in Austin.
The Sterling Group Breaks Ground on North Carolina Apartment Community
Construction has started on The Enclave at Bailes Ridge, a $31.4 million luxury apartment community in Charlotte, N.C.