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$109 Million in Construction Financing Secured for Brooklyn Multifamily Development

$109 Million in Construction Financing Secured for Brooklyn Multifamily Development

by Phil Hall | Mar 18, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Walker & Dunlop Inc. (NYSE: WD), the Bethesda, Maryland-headquartered commercial real estate finance and advisory service firm, announced it has structured $109 million in construction financing for the development of 1034-1042 Atlantic Ave., a to-be-constructed,...
Armour Residential REIT Chief Jeffrey J. Zimmer to Retire

Armour Residential REIT Chief Jeffrey J. Zimmer to Retire

by Phil Hall | Mar 18, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Armour Residential REIT Inc. (NYSE: ARR,  ARR PRC) announced the retirement of Jeffrey J. Zimmer as co-CEO, president, vice chairman and director of the company. Zimmer, who held the leadership role at the company since November 2009, will serve as an ex-officio,...
Hits and Misses for the Real Estate Week of March 11-15

Hits and Misses for the Real Estate Week of March 11-15

by Phil Hall | Mar 15, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An unexpected settlement, an unexpected resignation and the unexpected closing of 1,000 stores. From the wild and wooly world of real estate, here are the Hits and Misses for the week of March 11-15. Miss: NAR’s White Flag. The National Association of Realtors...
JLL Income Property Trust Acquires Oregon Apartment Community for $61 Million

JLL Income Property Trust Acquires Oregon Apartment Community for $61 Million

by Phil Hall | Mar 15, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

JLL Income Property Trust (NASDAQ: ZIPTAX, ZIPTMX, ZIPIAX, ZIPIMX), announced its acquisition of Creekview Crossing, a class-A 183-unit apartment community in the suburban Portland market of Sherwood, Oregon. The purchase price was approximately $61 million and...
Mark Tribuna Named Chief Operations Officer at Arrive Home

Mark Tribuna Named Chief Operations Officer at Arrive Home

by Phil Hall | Mar 15, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Arrive Home, a Salt Lake City-based down payment assistance provider and operational entity for multiple governmental agencies, announced the appointment of Mark Tribuna as chief operations officer. Tribuna, who was previously chairman and CEO of Nation One Mortgage...
$7,000 in Grants Awarded to Preserve Three Historic Chicago Sites

$7,000 in Grants Awarded to Preserve Three Historic Chicago Sites

by Phil Hall | Mar 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Landmarks Illinois, a historic preservation-focused nonprofit organization, has awarded grants totaling $7,000 through the Timuel D. Black Jr. Grant Fund for Chicago’s South Side to preserve three historic sites. The Bronzeville Trail Task Force in the city’s...
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