Oak Park Apartments

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    Formerly a hotel known as “the aristocrat of Brooklyn Heights,” the 295-unit The Towers will be redeveloped into Brooklyn’s first luxury senior housing community.

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    A billion here, a billion there, and pretty soon you’re talking real money,” Everett Dirksen once said, and the legendary lion of the Senate would have to admit that $3.4 billion is a nice chunk of change. That’s how much multifamily property owners could save every year through energy efficiency upgrades, according to a 2016 estimate by the American Council for an Energy-Efficient Economy.

    03 October 2017 06:49
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    While investment activity has slightly tempered in the city, property values have skyrocketed, boosting average per-unit prices to $160,000. New supply remains limited, as only 900 units will be added to the market in 2017.

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    The property management company was awarded management of four student housing communities located in Texas, Nevada and North Carolina.

    25 July 2017 14:33
  • HFF Arranges Financing for Denver Property

    Located in Colorado Springs, Peak 4420 received a 10-year, fixed-rate loan. The 209-unit community had an occupancy rate of 99.5 percent as of August.

    26 September 2017 14:29
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    The company completed Turnrow in Somerville, Tenn., as well as Tall Oaks in Verona, Miss., and Fountain Square in Columbus, Miss., all of which are affordable properties.

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    East West Partners sold the asset to a New York-based investment company. The former brick warehouse has been transformed into a 247-unit residential project that also includes 24,000 square feet of retail space.

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  • Redevelopment of Affordable Housing Begins in Western MA

    First Resource Cos. is making extensive renovations at the 173-unit Maple Commons Apartments in downtown Springfield. One improvement includes adding 50 cameras over two city blocks that will be connected directly to the police department.

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    American Assets Trust acquired Pacific Ridge, a $232 million luxury community that includes 533 units and is 95 percent occupied.

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    House Co. sold Willowdaile Apartments in Durham for $11.8 million. The property is only a few miles from Duke University’s campus.

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