Property Types
Freddie Mac Approves Greystone as Designated Seniors Housing Seller/Servicer
Greystone, a national provider of multifamily and healthcare mortgage loans, today announced that it has been approved as a National Senior Housing Seller/Servicer by Freddie Mac to originate and service multifamily seniors housing loans nationwide.
WiSe Urban and Nuestra Comunidad Begin Boston Rehabilitation Project
Nuestra Comunidad Development Corporation and WiSe Urban Development are forming a joint venture to rehabilitate Washington Park, a multifamily community in Boston owned by Washington Park Limited Partnership.
Enterprise Developing Affordable Seniors Housing in Baltimore
Enterprise Homes Inc., a Columbia, Md.-based developer, is developing two affordable seniors housing projects in the Baltimore area.
TODAY’S DEALS: NGKF Sells Two Massachusetts Properties
NGKF sells two assets for a combined $32.5 million; Northmarq arranges acquisition financing of $34.7 million; and Grandbridge Real Estate Capital closes three seniors housing transactions totaling $23.5 million.
AMCAL Multi-Housing Begins Construction on Hollywood Affordable Community
AMCAL Multi-Housing has just started construction on a 40-unit affordable property called The Argyle Apartments, a development in Hollywood, Calif.
Two Affordable Housing Projects Developed in L.A.
Thomas Safran and Associates has developed Del Rey Square Senior Apartments, a 124-unit community in the upscale neighborhood on the Westside of Los Angeles, while AMCAL Multi-Housing has developed Portola Terrace, a 45-unit affordable community for families and young professionals in historic Temecula in Riverside County.
New Condos Planned for Miami’s Brickell District
The Rilea Group has unveiled plans and started marketing efforts for the Bond at 1080 Brickell, a new 323-unit condo tower in the Brickell Financial District. Construction of the 44-story tower is set to begin in late 2013, with completion scheduled for mid-2015.
Crescent to Build Scottsdale Quarter’s First Multifamily Project
Glimcher Realty Trust, a retail REIT, and Crescent Communities, a Charlotte-based real estate investment, development and operating company, recently announced plans to break ground on a 275-unit, luxury apartment community in Scottsdale under a joint venture agreement.
Economy Watch: Senior Home Builders More Optimistic
The National Association of Homebuilders said that its 55+ Single-Family Housing Market Index increased 19 points year-over-year to 46 in the first quarter of 2013.
Special Report: How to Make Mixed-Use Development Work in Neighborhood Revitalization
At the New York State Association for Affordable Housing’s 14th Annual New York State Affordable Housing Conference in New York in the session “Financing Mixed-Use Development,” speakers discussed why mixed-use buildings could be critical to neighborhood revitalization.