A multifamily housing developer and repeat borrower has secured a $10 million loan from Trez Forman Capital to acquire and plan for development of a 600-unit apartment community in Brandon, Florida. The property sits less than 1 mile from Westfield Brandon, a regional shopping mall with more than 1 million square feet of stores and restaurants.

WASHINGTON, July 10, 2019 – JLL announces it has secured capital for the development of Sorrento, a 306-unit multi-housing community in Reston, Virginia.

The VHDA Board of Commissioners ratified their final rankings for the 2019 low income housing tax credit program, a highly competitive housing tax credit program in Virginia.  Lawson’s latest development project, Market Heights, placed first out of eight applications in the Tidewater MSA pool of 9% tax credit allocation rankings.  This 80 unit mixed-income community located at 330 Tidewater Drive in Norfolk, was thoughtfully designed to serve renters from a wide range of income levels and will be indistinguishable from comparable market rate communities. Market Heights also includes a separate 84-unit 4% tax credit community that is being built simultaneously for a combined total of 164 units of new construction to provide essential housing during the redevelopment of the St. Paul’s area of Norfolk, as well as housing for those with developmental disabilities. 

Gardena, California-based Highridge Costa Development Company has announced that El Sereno Senior Living, a $21 million, 136-unit affordable apartment community in Cibolo, Texas for seniors age 55 and older, has reached 90 percent occupancy just four months after opening.

SAN FRANCISCO, CA – June 26, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces it has secured $31.3 million in construction financing for the development of Pivot, a mixed-use residential, office and retail property in Seattle’s Capitol Hill neighborhood.

Draper and Kramer, Incorporated, last week celebrated the grand opening of 61 Banks Street, an eight-story, 58-unit boutique rental building at Banks Street and Lake Shore Drive, on the last developable lakefront parcel in Chicago’s premier Gold Coast neighborhood.

Transaction marks company’s second loan for borrower in two-week span

SAN DIEGO, CA – June 19, 2019 – HFF announces it has arranged financing for the development of Carroll Canyon, a luxury residential and retail mixed-use development in San Diego’s affluent Scripps Ranch community.

Housing Trust Group (HTG), one of the nation’s largest developers of affordable housing, announces the completion of Princeton Park, a new, $36 million, 150-unit affordable housing community in south Miami-Dade County. Apartments at Princeton Park are reserved for households earning at or below 60 percent of the area median income (AMI), which is currently $50,820 for a family of four. Rents for qualified residents range from $411 per month for a one-bedroom apartment to $1,104 per month for a three-bedroom apartment. The property is 100 percent leased.