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  • Changing the HVCRE Rules: What to Expect

    In a strict lending environment, the clarification of High Volatility Commercial Real Estate (HVCRE) regulation could help improve loan terms for investors and developers. However, the long-awaited changes, stipulated in a bill referred to the House Financial Services Committee, have little chance of being approved and implemented, Alston & Bird's Gregg Loubier told MHN.

    18 July 2017 18:29
  • REIT Nabs $57M NC Community

    Bluerock Residential Growth REIT acquired Wesley Village, a 301-unit property in Charlotte that the company plans to upgrade. The transaction was made possible through the assumption of a $41 million Freddie Mac loan.

    07 April 2017 13:48
  • Yesler Terrace—Soon to Be Seattle’s Densest Neighborhood

    Yesler Terrace is a 30-acre development that Seattle Housing Authority (SHA) built in the 1940s as the city's inaugural subsidized housing community. Stephanie Van Dyke, director of development at SHA, spoke with MHN about the site's future as a mixed-use global neighborhood.

    16 October 2017 15:47
  • PAC Buys Recently Built Virginia Community

    The company purchased Founders Village, a 247-unit community in Williamsburg, Va., and financed the acquisition using a portion of the proceeds from a 1031 exchange sale.

    05 April 2017 14:09
  • Yardi Launches Hurricane Harvey Registry; Pledges $1M

    To help the tens of thousands of people affected by Hurricane Harvey and to assist its multifamily clients in the region, Yardi has leveraged its RENTCafé property marketing and leasing platform to create a housing registry website that will help displaced residents find temporary and permanent homes.

    05 September 2017 19:49
  • Friedman Sells 58-Unit Detroit Community

    9501 Iris Manor LLC purchased Iris Manor from Thornton Enterprise LLC. The three-story property features one- and two-bedroom units and is close to Wayne State University and the University of Michigan-Dearborn.

    07 April 2017 18:05
  • RD Olson Breaks Ground on 4th Affordable Community

    The general contracting firm is building a 55-unit affordable housing asset in Fullerton, Calif. IDS Group serves as the architect and Related California is the developer.

    08 August 2017 14:10
  • 29th Street Capital Buys 12th Bay Area Community

    The acquisition of the 79-unit community in San Leandro, Calif., brings the company’s multifamily portfolio to more than 7,600 units. As part of its value-add investment strategy, the company plans to invest $2.3 million in capital improvements.

    13 April 2017 13:42
  • NEI Completes Phase II of Boston Redevelopment

    The company developed a 39-unit affordable community in the property, part of an initiative to transform as many as 11 acres of vacant lots in Boston into a mixed-use, transit-oriented development.

    25 May 2017 15:46
  • Westmount Welcomes New Director

    Kevin Michels has 14 years of experience in commercial real estate with a primary focus on asset analysis and evaluation. In his new position, he will provide analysis of Westmount’s multifamily portfolio.

    12 May 2017 06:58