PorchLight Real Estate Group

Market Outlook,Real Estate Investment

Northwood Investors | November 23, 2022

Global real estate investment firm Northwood Investors LLC announced today its acquisition of Fifth + Broadway, a newly developed 6.2-acre mixed-use, open-air center. The property was developed and operated by Brookfield Properties, which completed construction in 2021. Northwood has purchased the property in its entirety, including its retail district, 501 Commerce office tower and The Place residences, from a subsidiary of Brookfield. As Northwood expands its footprint in Nashvi...

Real Estate Technology

Walker & Dunlop, Inc. | November 16, 2021

Walker & Dunlop, Inc. announced the launch of a new digital lending platform powered by machine learning to dramatically grow its small balance multifamily lending business. "Multifamily investors want a faster and more transparent borrowing experience, That's why we asked our data scientists and engineers to automate loan sizing and pricing. We created a more efficient process for investors to review financing options, tailor them to their projects'...

69 News | April 23, 2020

Allentown is aiming to help property owners during the coronavirus pandemic by extending city real estate tax due dates. The city will extend the discount period for payment of 2020 city real estate taxes until August 31. All 2020 city real estate tax paid or postmarked on or before August 31 is eligible for a 2% discount on the tax portion only of their 2020 city real estate tax bill. The measure also extends the deadline to pay the 2020 city real estate tax gross amount in full without penalty...

Real Estate Investment

Walker & Dunlop, Inc. | May 13, 2022

Walker & Dunlop, Inc. announced that it structured $47,000,000 in financing for the development of The Line, a 219-unit, Class A+ multifamily project in Savannah, Georgia. Situated just three blocks from the Savannah River, the development is within walking distance to all of Savannah's outstanding retail and lifestyle amenities. Located in Savannah's downtown area, the property is within the bounds of a designated Economic Opportunity Zone census tract. Opportunity zo...