Boston Financial, an Orix company and the longest-standing syndicator focused exclusively on affordable housing, has closed on Boston Financial Institutional Tax Credits 62 Limited Partnership (ITC 62), a $237-million multi-investor Low-Income Housing Tax Credit fund. ITC 62 is the second-largest multi-investor fund the firm has closed since 2006. The new fund secured commitments from eight...
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Morguard, CENGN and Nokia have launched three smart-building living labs to help startups and scaleups advance technologies that improve building safety, efficiency and connectivity. CENGN is the Centre for Excellence in Next Generation Networks, a group backed by industry and the Ontario and federal governments. The labs cover the office, multi-family and retail sectors. They...
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As is often the case, there are a lot of pieces involved in building an affordable housing project. Rocky Mountain Communities helmed a $126 million project that will bring affordable housing to the Globeville neighborhood in Denver. The 170-unit mass timber project, and retail space, will soon break ground near the National Western Center Complex....
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Stockdale Capital Partners acquired Amelia at Farmer’s Market, a 297-unit luxury residential building in Downtown Dallas in an all-cash transaction. “At Stockdale, our strategy is to build a multifamily platform anchored in modern, high-demand assets within strong markets,” said Stockdales’s Sam Palmer. The highly amenitized five-story property is in downtown Dallas’ Farmers Market neighborhood. The...
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Equus Capital Parnters has sold the Reserve at Bridford apartment in Greensboro for $41.5 million. Hawthorne Residential Partners was the buyer. The Triad Business Journal reports Hawthorne is the second largest apartment management company in the Triad, with 6,744 units across 32 properties in the region. Bridford is made up of 19 two-story garden-style buildings across...
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Ocean Bank provided $132 million to affiliates of The TREO Group LLC for the student-oriented housing VOX I and VOX II near the main campus of the University of Miami. VOX I and II have 262 apartments starting at one bedroom and one bathroom to four-bedroom, four-bath units with a total of 726 beds. The...
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Ciprés and the Rilea Group secured $90 million in construction financing for The Rider Residences, a luxury boutique condominium now under construction at the crossroads of Miami’s Wynwood, Midtown, Edgewater, and Design District neighborhoods. The loan, provided by Mexico-based Banco Inbursa, will fund the ongoing development of the 12-story project, which will encompass 146 turn-key residences, 11,000...
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Legion Investment Group and partner AVRS Partners LP closed on a $155-million construction loan from Eldridge Real Estate Credit, the real estate investing strategy of Eldridge Capital Management, for 550 W. 21st St., a condominium project that will bring 83 residences to West Chelsea. The financing coincides with visible progress onsite, where concrete superstructure pours have been underway since...
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Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California