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Affordable Housing Emerges as Important MF Play
Investors are diversifying their portfolios by adding affordable properties to the mix, says Berkadia’s Ernie Katai. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Planned Tampa Area Multifamily Secures Bridge Financing
The undeveloped property at the northeast corner of South Lakewood Drive and Brandon Parkway will have 600 multifamily units and 75,000 square feet of mixed-use buildings and stores on 55 acres, which is one of the largest remaining undeveloped parcels in Brandon. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Phoenix’s Canyons on Colter Apartments Trades Hands
The a California-based buyer acquired the property for $34 million and secured a $27 million acquisition loan. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Roxborough Fund Sheds Las Vegas Apartment Portfolio
The fund sold the 1,194-unit apartment portfolio for $137.5 million after it invested $5 million in property upgrades. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
With Milestones Met, Alameda Point Charges On
Alameda Point Partners has completed demolition of the 30-acre Site A parcel of the former air station and is 50% complete with construction of the infrastructure to include parks as well as a ferry terminal. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Is Your Earthquake Protocol Up to Snuff?
The recent earthquakes in Southern California has property owners reevaluating earthquake protocol systems. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Penn-Florida Lands $225M Construction Loan to Complete Via Mizner’s Final Phase
The construction loan was originated by Madison Realty Capital of New York City and will be utilized to complete The Residences at Mandarin Oriental, Boca Raton, the third and final tower of Via Mizner, a 2-million-square-foot urban resort. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Triple-Lot Multifamily Site Trades At Record Price
The West Los Angeles property sold for $613 per square foot, a record in the market. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
The Rise of Hybrid Student Apartment Projects
New apartment projects have both by-the-bed leasing for students and conventional by-the-unit apartments for adult professionals. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
NYC Housing Partnership Appoints Crystal Kay General Counsel
The attorney for the nonprofit which connects developers to financial institutions and government agencies comes from Brooklyn Legal Services. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service