Northeast

In this exclusive panel podcast, panelists say high construction costs and regulatory requirements make affordable housing in Philadelphia for anything other than rental properties all but, well, unaffordable.

Latitude targets the middle-market segment and its focus has been on originating bridge loans for value add and transitional properties.

The refinancing is for a residential building at 150 W. 82nd St.

New York City tax revenues grew 8.1% in FY 2018, a turnaround from FY 2017 when the city posted the lowest tax revenue growth since FY10.

The developer notes the property reaffirms the revitalization of Lower Manhattan.

Freddie Mac research says that satisfied renters still feel the effects of rising costs.

The REIT states that the 330,000-square-foot first phase of the 102-acre mixed-use development opens today at 93% leased. Some of its major tenants include: TJ Maxx, Hobby Lobby, Ulta, Lucky's Market, BrandsMart, Five Below, Starbucks and YouFit Health Club.

The term loan provides funding for the merger deal as well as financing to pay off LaSalle's current outstanding debt balances and other transaction closing costs.