Lena Park Community Development Corporation

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  • Passco Shells Out $54M for Florida Community

    The buyer worked with a mortgage group to secure a 10-year acquisition financing for the deal.

    04 May 2017 13:48
  • Western Wealth Snags Phoenix Community

    The company paid $13.4 million to acquire Tierra Santa, a 274-unit property at 4620 W. McDowell Road. ARA Newmark brokered the transaction, which was subject to a $10 million loan originated by Walker and Dunlop.

    12 May 2017 18:28
  • Greystone Enters Michigan Market with New JV

    The new joint venture with Commercial Property Advisors will focus on providing multifamily advisory services for clients in Michigan. Cary Belovicz will lead the new organization as an executive managing director.

    21 July 2017 18:54
  • Covenant Sells 272-Unit Atlanta Asset for $32M

    The deal continues the Atlanta market momentum for Covenant Capital Group, following the company’s sale of the 500-unit Viera Briarcliff in June for $76 million. Mike Kemether and Travis Presnell of Cushman & Wakefield worked on behalf of StoneBridge Investments, the seller, while Elliott Throne, Gregg Shapiro and Ware Shipman of HFF secured acquisition financing.

    03 August 2017 18:22
  • Economy Watch: Immigration Policy Changes’ Impact on CRE

    Limiting the number of immigrants to the U.S. would exacerbate the labor shortages that several real estate-related fields are already facing, according to a recent Cushman & Wakefield study.

    22 September 2017 13:43
  • Investcorp Snags Phoenix Community for $50M

    The 582-unit Tuscany Palms in Mesa, Ariz., last traded in 2014, when P.B. Bell paid $29.5 million for its acquisition.

    19 July 2017 08:15
  • Rapid Job Gains Reshape Tampa

    Above-trend job growth continues to put the metro in the spotlight as a prime coastal market, both in Florida and nationally. Solid fundamentals and a diverse economy fuel Tampa Bay’s multifamily sector, with the region producing strong rent gains.

    18 October 2017 15:35
  • Rent Growth

    Rents were up 1.5% nationwide in May, down 40 basis points from April, 90 basis points from March and well below the 5.3% growth rate of a year ago. Deceleration is more than firmly established, as the year-over-year growth rate has decreased for 13 straight months since reaching 5.4% in April 2016. The last time the year-over-year increase was as low as 1.5% was in April 2011.

    19 June 2017 20:09
  • Aimco Buys Out Palazzo JV Partners for $452M

    The company sourced funds for the acquisition by taking title subject to existing allocable debt and using cash proceeds from the pending sales of some of its assets in the Northeast.

    11 July 2017 12:43
  • South Side Chicago Affordable Housing Completed

    Brinshore Development's Park Place includes 78 units within West Elsdon's Back of the Yards neighborhood. McShane Construction worked as the contractor and provided all site work.

    09 June 2017 08:44