Property Types
First Phase Underway for Denver’s Dahlia Square Affordable Seniors Apartments
Denver–McDermott Properties already has a waiting list for its Dahlia Square Senior Apartments, and they’re only in Phase One of construction.
TODAY’S DEALS: Cohen Financial Obtains Lower Interest for $8.7M Loan
Cohen Financial arranges an $8.7M loan for the acquisition of Marcus Pointe apartments, and CT Realty and WLCM’s joint venture acquires a cluster of value-added opportunities for $10M.
Cascades at World Golf Village Enters Penultimate Phase
St. Augustine, Fla.–Dock Street Communities kicks off the sixth of the seven-phase development of The Cascades at World Golf Village, an active-adult master-planned community.
Ground Broken for Yonkers Workforce Housing
Yonkers, N.Y.–The Yonkers Industrial Development Agency, L+M Development Partners Inc. and the Greyston Foundation have broken ground on 49 North Broadway, an affordable multifamily housing development.
American Campus Communities and ISU Partner on $59.6M Student Apartment Project
Normal, Ill.–American Campus Communities Inc. and Illinois State University will break ground on Cardinal Court, an 896-bed student-housing community.
TODAY’S DEALS: Panther Properties Acquires 300-Unit Property near Atlanta
Panther Properties acquires a 300-unit property in Georgia; Behringer Harvard purchases two student housing communities near the University of Georgia; and Alliance Residential picks up an REO asset in Las Vegas.
Affordable Housing Project in Suburban Seattle Obtains Financing
Kirkland, Wash.–Saint Andrew’s Housing Group has won financing for construction of Francis Village Apartments through $10 million in Low Income Housing Tax Credits.
The Avenue at South Orange Wins NJBA’s Rental Community of the Year
South Orange, N.J.–The Avenue at South Orange, a 79-residence luxury community, has been recognized for its high-end amenities, design touches and ideal location.
HUD Experiences Cuts in FY11 Budget, Faces Uncertain FY12
Washington, D.C.–Now that the long-delayed fiscal 2011 federal budget has been settled by Congress, the impact on HUD can be quantified.
Leasing Goes Fully Green and Virtual at Manhattan’s MiMA Residential Tower
New York–Through the Related Companies website, future residents can facilitate a lease agreement from start to finish without touching a sheet of paper.