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MALDEN, MA—MassHousing provided $16.8 million in financing for an affiliate of Beacon Communities, LLC. The deal was structured through MassHousing's Multifamily Accelerated Processing/Ginnie Mae joint venture program with lender partner Rockport Mortgage Corp.
RANCHO SANTA FE, CA—Overbuilt going into the recession, these often member-owned properties are being sold, sometimes to residential developers for repurposing, CBRE's Jeff Woolson tells GlobeSt.com in this <b>EXCLUSIVE</b> look at a recent deal.
IRVINE, CA—Some of the newest assisted-living communities look like resort hotels, while others look rather contemporary; however, none of them look like the places previous generations of seniors have inhabited, KTGY's Soo Im tells GlobeSt.com in this <b>EXCLUSIVE</b> Forum feature preview.
NEW YORK CITY—The 900,000-square-foot office property, which is being developed in conjunction with an electrical firm, will feature several technologies to aggregate utility usage data.
JERSEY CITY, NJ AND NEW YORK CITY—The global insurance firm signed for 46,360 square feet at 499 Washington Boulevard in Jersey City, NJ, with The LeFrak Organization and inked a lease for 21,499 square feet at 1221 Avenue of the Americas in midtown Manhattan with building owner The Rockefeller Group.
SANTA CLARA, CA—Located adjacent to Lawrence Expressway and just steps from the Lawrence Caltrain station, Monticello makes the commute within Silicon Valley and the Bay Area much more bearable.
SOUTH ORANGE, NJ—The property is located at 9 West South Orange Avenue in South Orange, and includes 57 luxury residential apartments and three commercial units encompassing more than 9,000 square feet of prime retail space. The property was acquired for $32.775 million.
LOS ANGELES—The current authorizing legislation is set to expire or "sunset" Sept. 30, 2016. One source tells us the key issues that must be considered now for the renewal legislation.