Abode Communities Eyes Affordable Apartments in South LA

Abode Communities Eyes Affordable Apartments in South LA

Abode Communities wants to build a 60-unit affordable housing complex in South Los Angeles. An affiliate of the nonprofit developer based in Downtown L.A. filed plans to build the four-story building at... Read more »
Master planned communities post strong new home sales numbers in 2023

Master planned communities post strong new home sales numbers in 2023

Despite high mortgage rates, master planned communities (MPCs) did well in 2023. According to a survey released Tuesday by John Burns Research & Consulting, the top 50 MPCs sold more than 34,600... Read more »
FHLBank San Francisco Launches  Million Tribal Nations Program to Spur Affordable Housing Development for Native American Communities

FHLBank San Francisco Launches $1 Million Tribal Nations Program to Spur Affordable Housing Development for Native American Communities

SAN FRANCISCO, CA—The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced the launch of a new $1 million Tribal Nations Program that provides critically necessary infrastructure funding grants... Read more »
WS Communities Loses Control of 50% of Its Portfolio

WS Communities Loses Control of 50% of Its Portfolio

WS Communities’ Neil Shekhter, Hankey Capital’s Don Hankey, Lightstone Capital’s Eugene Rozovsky and Madison Realty Capital’s Josh Zegen with 7810 Topanga Canyon Boulevard, 11611 Blucher Avenue and 1550 Lincoln Boulevard (Kevin Scanlon,... Read more »
Shekhter’s WS Communities Defaults on Hankey Capital Loan

Shekhter’s WS Communities Defaults on Hankey Capital Loan

WS Communities, the apartment landlord founded by Neil Shekhter, has defaulted on a loan from Hankey Capital tied to a parcel in Santa Monica, The Real Deal has learned.  The firm is... Read more »
DOJ: 7M secured for communities of color in battle against redlining

DOJ: $107M secured for communities of color in battle against redlining

The U.S. Department of Justice (DOJ) announced this week that it has secured $107 million in judgments and enforcement actions against banks and mortgage lenders to combat the practice of lenders’ avoidance... Read more »