Construction starts on Chicago area TOD after $14 million loan from Knighthead Funding
Knighthead Funding, LLC has provided Noah Properties Chicago with a $14.36 million construction loan for the Roselle Apartments (Roselle), a multifamily community in the Chicago submarket of Glendale Heights/Lombard. When completed in the first quarter...
Trammell Crow Company opens Boston office; appoints Leatherbee as head of office
Trammell Crow Company (TCC), one of the nation’s largest developers and investors in real estate, announces that it has opened a Boston office and appointed Charles Leatherbee as Senior Vice President and Business Unit...
Census releases housing construction data for March 2019
The Census Bureau released its monthly new residential construction report for March 2019. The report shows a multifamily housing construction market with a strong level of completions but some weakness in the development pipeline. Note...
CA Ventures appoints CEO of CA Management Services
CA Ventures, a U.S. real estate investment holding company, today announced Steve Boyack has been appointed CEO of CA Management Services (CAMS), the firm’s new property management arm announced last December. CAMS oversees operations...
HUD asks for input on opportunity zones
The U.S. Department of Housing and Urban Development (HUD) announced a Request for Information (RFI) seeking public input on how the Department can use its existing authorities to maximize the beneficial impact of Opportunity...
The Clean New Deal
A year or so ago we mentioned a start up by apartment veteran, Howard Behr. Wharton grad and world traveler, Behr spent a large part of his career perfecting the art of multifamily profitability...
HUD tells public housing authorities and private owners to protect residents from carbon monoxide
In an effort to protect families living in federally subsidized housing from potentially deadly carbon monoxide (CO), the U.S. Department of Housing and Urban Development (HUD) today sent all public housing authorities and private...
ZOM Living, Scout Capital Partners and Mattoni Group team up to activate Miami’s Ludlam...
Miami’s highly anticipated Ludlam Trail – a ‘rails to trails’ project that will convert unused train tracks and the adjacent right-of-way into a six-mile-long, 100-foot-wide public space running from Miami International Airport to Dadeland...
Aztec Group arranges $5.75 million loan for luxury rental building, Grovehaus, in Miami’s Coconut...
Aztec Group, Inc., Florida’s leading real estate investment and merchant banking firm for the past 37 years, announces that Jason Shapiro, Managing Director; Charles Penan, Executive Vice President; and Brell Tarich, Director; have secured...
Rent control update
While California’s rent control measure, Proposition 10, lost big at the ballot box last year, the push to impose rent control continues. Here’s what’s been going on: California Assembly Bill 36, which allows rent control to...
Passco Companies announces Carey Levy rejoins as president
Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., announces that Carey P. Levy has rejoined Passco Companies Development as...
TruAmerica Teams with Oaktree Real Estate Income Trust to acquire 448-unit apartment community in...
TruAmerica Multifamily, in partnership with Oaktree Real Estate Income Trust (“Oaktree”), has acquired Anzio, a 448-unit class “B” multifamily community in Atlanta. Anzio represents the third deal TruAmerica has bought in Atlanta this year and...
Dekel Capital arranges $47.5 million loan from ACORE for acquisition of vacant 306-unit apartment...
Dekel Capital, on behalf of CGI Strategies, has arranged a $47.5 million bridge loan for the acquisition, renovation and stabilization of a vacant 306-unit luxury multifamily community located at 1662 Celebration Boulevard in Celebration,...
CBRE appoints Leah C. Stearns as chief financial officer
CBRE Group, Inc. announced that Leah C. Stearns will join the company as Chief Financial Officer (CFO). Stearns, who assumes her new role on May 15, was previously Senior Vice President and CFO for...
Meta Housing breaks ground on 72-unit transit-oriented affordable multifamily development in Los Angeles, CA
Meta Housing Corporation, a Los Angeles-based developer, in a joint venture partnership with Western Community Housing, a Southern California-based non-profit public benefit corporation, has announced the development of Vermont Corridor Apartments, a six-story, transit-oriented...
