A staggering $360 million refinance of a gritty 1,800-unit complex from the 1950's is another indicator that high profits can be found in long-overlooked inner-city neighborhoods.
"Even as a battle looms between housing-rights advocates and a private buyer over the pending $1.3 billion sale of Starrett City, the nation's largest federally subsidized housing development, another deal quietly took place around a noted Central Harlem complex. Joint-venture partners Apollo Real Estate Advisors and Vantage Properties refinanced Delano Village, a seven-building, 1,800-unit housing complex dating from the 1950s for a whopping $360 million."
Thanks to Peter Slatin
FULL STORY: New Heights In Harlem
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
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Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Universal City TX
ULI Northwest Arkansas
Town of Zionsville
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