News

Development Site Sale Closes Nearly Nine Years After Going Under Contract

New York & Tri-State

Lee & Associates NYC has completed the $7.5-million acquisition of a 2.84-acre development site at 374 Atlantic Ave. in Oceanside, NY on behalf of Sunrise Senior Living, concluding a transaction that spanned nearly nine years. Kelly Koukou, executive managing director and principal at Lee NYC, represented Sunrise Senior Living. Marlon Matza of Strategic Realty Advisors represented the sellers, Grossman Nurseries and Breslin...

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Walker Webcast: Economist Peter Linneman Says Economy is Stable

Apartment Buildings

Despite persistent uncertainty surrounding inflation, gasoline prices and politics, economist Peter Linneman believes the U.S. economy remains on solid footing. During the July 8 Walker Webcast, Linneman told host Willy Walker, Chairman and CEO of Walker & Dunlop, that the economy could be performing even better if businesses and consumers had greater confidence. “Could the...

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Construction Tops Out at 19-Story Fulton Market Mixed-Use Development

Chicago & Midwest + Apartment Buildings

Chicago-based developer, Focus, announced the recent structural completion at 1221 W. Washington Blvd., a new mixed-use tower in Chicago’s Fulton Market neighborhood. Focus is also serving as the general contractor for the project. Designed by Pappageorge Haymes, the 19-story, 286,232-square-foot luxury development features a concrete podium with a brick façade, topped by a glass curtain...

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Hoffman & Associates Named Development Partner for Sauer Center Project

Washington DC + Apartment Buildings

Sauer Properties, Inc. has named Hoffman & Associates as the development partner for the next phase of The Sauer Center. This next phase of the project advances the continued evolution of the Sauer family’s 37-acre master-planned district connecting the West Broad Street Corridor from the Fan District to downtown with amenities, offices, retail, and housing....

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WNC Closes Latest LIHTC Fund at $210M

California & West + Apartment Buildings

WNC & Associates, Inc. has closed on WNC Institutional Tax Credit Fund 59, L.P., a $210-million national Low-Income Housing Tax Credit fund. The fund will support the creation and preservation of affordable housing across 18 communities in 13 states. Fund 59 is investing in 2,015 units across Alaska, California, Florida, Indiana, Kentucky, Massachusetts, Maine, Minnesota,...

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TD Asset Management, iCapital Launch new Canadian Investment Vehicle Linked to Global Real Estate Strategy

Canada + Apartment Buildings

TD Asset Management (TDAM) and iCapital Canada have launched a Canadian investment vehicle that will give eligible accredited investors access to a global real estate strategy managed by TD Asset Management. The launch marks the second investment strategy introduced in Canada through iCapital Canada’s platform featuring TDAM private-market strategies, following the rollout of a global...

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MassHousing Awards $15M Financing to Spur Three Mixed-Income Projects

Boston & New England + Apartment Buildings

The Healey-Driscoll Administration announced $15 million in Momentum Fund financing to advance three mixed-income housing developments that will create 192 new rental homes in Milton, Middleton and Newburyport. The projects, which have already received local approvals, will use the financing to move into construction quicker. MassHousing is administering the financing. It includes $2.5 million for the Residences at Quarry Hills...

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New Houston Apartment Community Rents Start at $9,480

Texas + Apartment Buildings

The Langley, a 20-story residential high-rise developed by StreetLights Residential and Hunt Real Estate, has completed construction at the intersection of Houston’s historic Boulevard Oaks and Southampton neighborhoods. Located at 1717 Bissonnet Street near Rice University, The Langley features 134 luxury residences for lease. Two- and three-bedroom homes range from approximately 2,165 to 3,396 square...

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