Multifamily

The Latigo Group secured the construction loan to develop the city's first major multifamily project in more than a decade, as part of the Thousand Oaks Boulevard Specific Plan.

While some Manhattan neighborhoods have fallen in pricing, other neighborhoods have reported significant sales increases, according to M.N.S.

If the stay at home order were lifted this week, death rates and hospitalizations would start rising sharply by the middle of May. It's projected that the peak death rate and peak resource needs would be almost as high as if there were never any mitigation measures put in place.

The 348-unit apartment complex is in the city's suburb of Saint John.

As of April 20, the multifamily portfolio has a current percentage leased rate of 95%. The remainder of outstanding collections of 4% is largely from tenants who are seeking a payment plan, the company states.

"We have also added additional cleaning staff to disinfect all areas of the building multiple times throughout the day, focusing on high-touch areas," says Magellan Development's Brian Gordon.

Home buying company Sundae is continuing to buy homes despite the current economic dislocation, and has yet to see a change in pricing.

Greystone's Dan Sacks said that the company worked with the client on a number of properties in Pennsylvania and is now helping it expand its portfolio into Delaware.