Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
The real estate development firm and the non-profit economic revitalization organization worked together on this $26 million large-scale housing and retail property project.
The Trump administration has signaled it wants to review a potential downfall in opportunity zones — gentrification. But whether the government's initiative would work depends on whom you ask.
The Federal Reserve has signalled it will be pursuing a dovish monetary policy for the time being. This should be good news for REITs, but don't be surprised if many view the development as merely a blip on a longer-term horizon.
Holliday Fenoglio Fowler, L.P., which worked on behalf of Beachwold, reports that the financing will be used to refinance existing debt on the 400-unit The Place at Alafaya in Orlando and to acquire Litchfield Place, a 76-unit development in Savannah.
“We continue to see the growth of the University of Pennsylvania and Drexel University driving the demand for housing in this submarket and driving growth and redevelopment further west,” says Rittenhouse Realty's Ken Wellar.