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Connecticut Awards $27M in Redevelopment Funds, Some for Multifamily

Connecticut Awards $27M in Redevelopment Funds, Some for Multifamily

The state of Connecticut, through its Department of Economic and Community Development, has awarded $27 million in grants and loans for 20 brownfield remediation and redevelopment projects throughout the state. …

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Crown Realty & Development Acquires Ocotillo Springs Community in Chandler, Ariz.

Crown Realty & Development  Acquires Ocotillo Springs Community in Chandler, Ariz.

Crown Realty & Development has announced that it has closed on the purchase of the 272-unit Ocotillo Springs Community in Chandler, Ariz. The $33.4 million acquisition is the company’s 10th purchase in the Phoenix area market since 2010 and the company already has plans for extensive interior renovations and other…

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TODAY’S DEALS: Kennedy Wilson Acquires 118 Units South of Seattle

TODAY’S DEALS: Kennedy Wilson Acquires 118 Units South of Seattle

Kennedy Wilson completes a $20.8 million acquisition in Turnwater, Wash.; Hunt Mortgage Group refinances an affordable seniors asset in Pennsylvania; and NorthMarq Capital arranges a seven-year, $22.8 million acquisition loan.…

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MNS Report Shows Rents in Queens on the Rise

MNS Report Shows Rents in Queens on the Rise

A new report by MNS, the “Queens Rental Market Report,” reveals that rent prices in Queens increased approximately 1.76 percent from June to July, with average rents going from $2,077 to $2,113.…

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Economy Watch: Personal Income Edges Up, Spending Dips

Economy Watch: Personal Income Edges Up, Spending Dips

Personal income nationwide increased $28.6 billion, or 0.2 percent in July compared with June, according to the Bureau of Economic Analysis. …

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PropertyShark to Host Annual Networking Event & User Appreciation Party on Sept. 16 at Space Ibiza in New York

PropertyShark to Host Annual Networking Event & User Appreciation Party on Sept. 16 at Space Ibiza in New York

More than 750 attendees are expected to join PropertyShark team members for a night of great music, delicious food and unforgettable fun.…

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TODAY’S DEALS: Greystar Nabs Oregon Community from Invesco

TODAY’S DEALS: Greystar Nabs Oregon Community from Invesco

Greystar acquires a 264-unit community in the Silicon Forest; NorthMarq Capital finalizes a $13 million bridge loan for a Manhattan High Line condo project; and Smith Equities arranges the sale of two student housing assets that serve the University of South Florida.…

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P.B. Bell, Davis Enterprises Tapped to Redevelop Barrister Place Building in Phoenix

P.B. Bell, Davis Enterprises Tapped to Redevelop Barrister Place Building in Phoenix

The City of Phoenix has selected P.B. Bell and Davis Enterprises to redevelop the historic Barrister Place building in the city’s downtown neighborhood.…

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Picerne Plans Metro Providence Apartments

Picerne Plans Metro Providence Apartments

Florida-based Picerne Development has unveiled plans for Liberty Square Apartments in Plainville, Mass. The property will include 248 market-rate units on the east side of Washington St. in the town.…

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Economy Watch: U.S. GDP Expands at 4.2 Percent Rate in Second Quarter

Economy Watch: U.S. GDP Expands at 4.2 Percent Rate in Second Quarter

The Bureau of Economic Analysis reported its revised, or “second,” estimate for Q2 2014 real U.S. gross domestic product growth, finding that GDP expanded at an annualized rate of 4.2 percent.…

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Barzilay’s Iron Mill Lofts in Philadelphia Unveils Model Unit

Barzilay’s Iron Mill Lofts in Philadelphia Unveils Model Unit

A fully furnished one-bedroom model loft has been opened at Iron Mill Lofts, a new Barzilay Development property in the trendy and dynamic Northern Liberties neighborhood of Philadelphia. …

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Morgan Group Finishes Houston Apartment Development

Morgan Group Finishes Houston Apartment Development

Work has been completed on Pearl Midtown, a new-construction apartment community in Houston. The property, developed by the Morgan Group, includes 154 units ranging from 499 square feet to 1,439 square feet with a mix of studios and one- and two-bedroom units.…

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