Apartment Look

Greystone has provided a $37. 4 million HUD loan for The Verandas Apartment Homes in West Covina, Calif., Commercial Observer can first report. The refinance will allow owner Legacy Partners to complete interior and exterior property renovations . Lori DiMartino , a vice president at Greystone, originated the loan. “Legacy’s ability to finance renovation funds based on future rents is one of the true benefits of this HUD refinance product , aside from the advantages of a low fixed-rate, nonrecourse and 35-year term,” DiMartino said in prepared remarks. The Verandas is a 209- unit multifamily community , owned by Legacy Partners since 2007. The property’s clubhouse, pool, barbeque area and dog park will all be upgraded as part of the renovations. “We are thrilled to have refinanced this property, as the rehabilitation and resident experience is a top priority for us,” said Tim O’Brien , a senior managing director at Legacy Partners . “We are happy to have secured long-term, low-r...

Plano shopping and dining mega- center Legacy West has signed on more than a dozen new stores and restaurants, set to open in the fall. They will join Legacy West 's burgeoning lineup of tenants including the recently opened flagship Frontgate store ; Warby Parker; and the first Tommy Bahama Store and Restaurant in Dallas-Fort Worth. Among the openings are the largest food hall in North Texas and new concepts from Barnes & Noble and Starbucks. Here's the list: Barnes & Noble Kitchen The new Barnes & Noble concept store opening at Legacy West will be the first in the Southwest to offer not just the latest novels, but a restaurant with an expanded menu including beer and wine. The Legacy West new concept store will have 9,000 square feet, and will be a place to relax, discover new books, listen to an author speak, and have a glass of wine. Especially the part about the glass of wine. Barnes & Noble is the nation's largest retail bo...

Marquette Mayor Dave Campana introduces Snyder at a press meet after his tour of the apartments, and explains the importance of providing affordable housing in close proximity to the downtown area. (Journal photo by Rachel Oakley) Marquette Mayor Dave Campana introduces Snyder at a press meet after his tour of the apartments, and explains the importance of providing affordable housing in close proximity to the downtown area. (Journal photo by Rachel Oakley) Snyder speaks with Roger Curtis, Director of Talent and Economic Development for the State of Michigan outside of the Grandview Marquette , which is still undergoing construction. The apartments are intended to give low-income individuals in Marquette easier access to opportunities in the downtown area. The project is expected to be completed this fall. (Journal photo by Rachel Oakley) MARQUETTE — Gov. Rick Snyder and other state officials Wednesday morning toured the affordable housing development Grandview Marquette , whi...