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Torres, Velazquez beg Biden to save affordable housing program

Deep in the acronym-laden world of affordable housing programs exists one called FFB Risk-Sharing, which has helped state agencies finance 42,000 homes since its inception in 2015. The Trump administration let it expire at the end of 2018, but President Joe Biden revived it in September 2021. However, the Federal Financing Bank’s Risk-Sharing is poised […]

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Scott House unveils massive golf course redevelopment in Florida 

Ronin Assets founder Scott House wants to transform the former Grenelefe Golf and Tennis Club in Haines City, Florida, into a sprawling residential community. House’s ambitious plan calls for almost 1,900 single-family homes, townhomes, duplexes and apartments across 536 acres, the Orlando Sentinel reported. The plans came to light in advance of a Polk County […]

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Central Islip luxury community offers discount to first responders

Belmont at Eastview may be the safest apartment complex on Long Island. Developers of the Central Islip complex have been offering 10 percent monthly rent discounts for first responders, Newsday reported. Firefighters, police officers, EMTs and veterans are among those who have been benefiting from the unique deal. They’ve certainly been taking advantage. Of the […]

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Tenant renovations planned for Atlanta’s historic Plaza Theatre

The historic Plaza Theatre near downtown Atlanta is closer to its return to glory.  Building owner Chris Escobar is making strides in his mission to revive the Plaza Theatre, with renovations aimed at restoring its former grandeur while bringing it into the modern age, the Atlanta Business Chronicle reported.  Escobar recently secured a 25-year lease, […]

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How Related scored SoCo’s best new development site

Just about any night of the week, if you follow the scent of cigarette smoke and the sound of bad karaoke on South Congress Avenue, you’ll end up at Ego’s Bar. It’s a grungy neighborhood dive that appears to be nearing the end. Developers have eyed it for years, as it is one of the […]

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Daily Dirt: Related casino proposal could face zoning battle 

Related Companies has finally put forth its grand plan for a casino above the undeveloped Western Rail Yards at Hudson Yards. Well, the scoping documents, at least. The fancy renderings and full rollout are yet to come. The development would include three skyscrapers, each of them about 1,200 feet or taller. The gaming and resort […]

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Allstate selling Wacker Drive office building 

Allstate is looking to sell a downtown office building that it never moved into. The Northbrook-based insurance giant has hired Colliers to market the 10-story, 133,600-square-foot office building at 29 North Wacker Drive, two years after buying it for $29.7 million, Crain’s reported.  An asking price has not been revealed, but sources familiar with the […]

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GVA offloads San Antonio apartment complex

Troubled multifamily syndicator GVA has offloaded one of its San Antonio assets and evaded a foreclosure.  Big Spring-based nonprofit Crossroads Housing Development has acquired the 335-unit Aspire Apartments, at 1830 Bandera Road, on the city’s Northwest Side, the San Antonio Business Journal reported.  While the sale price was not disclosed, Bexar County records show that […]

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Dow leases 200K sf in Midway’s CityCentre Six

Midway landed a massive tenant to occupy nearly two-thirds of a 19-story office building it is developing in Houston. The Dow Chemical Company has leased 200,000 square feet in CityCentre Six, which is expected to span 310,000 square feet at 903 Town and Country Boulevard. Terms of the deal, facilitated by Michael Anderson of Cushman […]

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Prado Group pitches more homes at shuttered SF hospital site

Prado Group wants to add more than 230 homes for seniors to its approved plan to redevelop the former California Pacific Medical Center in San Francisco’s Presidio Heights. The locally based developer led by Dan Safier aims to revise its plans to add 157 independent living units for seniors and 75 assisted living and memory […]

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