Stillman and Ceruzzi Plan Manhattan High-Rise
Stillman Development International and Ceruzzi Properties acquire 151 E. 86th on Manhattan’s Upper East Side with the intent to erect a 21-story condo and retail tower.
TODAY’S DEALS: Waterton Picks Up 300 Units in Plano
Waterton Associates grabs a 1999-built asset in Plano, Texas; HFF arranges the sale of a $31.6 million loan secured by a trio of Michigan apartment communities; and NorthMarq secures $10 million for a North Carolina asset.
Phoenix Realty Group Adds Two to West Coast Operations
Phoenix Realty Group has bolstered its Los Angeles office with the hiring of real estate vets R. Alex Saunders and Leslie Stephens.
Economy Watch: New Homes Sales Dip in December, Up Year Over Year
Home sales dip in December, and President Obama will address the situation of long-term unemployment in tonight’s State of the Union address.
The Mark Co. Takes on Branding of San Francisco Shipyard and Candlestick Point
Lennar Urban has tapped The Mark Company in the residential branding and design of San Francisco Shipyard and Candlestick Point, the city’s largest redevelopment effort since the 1906 earthquake and fire.
TODAY’S DEALS: Sacramento Asset Trades for $14.3M
Marcus & Millichap completes a 97-unit sale in Carmichael, Calif.; Centerline closes a $4 million Fannie Mae loan to refinance a 146-unit asset in California; and Red Capital Partners uses its own balance sheet to provide a $25 million bridge loan.
Atlantic | Pacific Cos. Acquires Pair of Atlanta Communities
Atlantic | Pacific Cos. augments its already extensive Atlanta portfolio with the acquisition of 518 units in the city’s central core.
Economy Watch: Investors Get the Jitters
Wall Street takes a tumble and CUNA reports that the cost of credit card breaches is mounting.
Jacksonville Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and MHN’s research editor Jack Kern discuss Jacksonville apartment market fundamentals in this edition of our market research podcast.
Humphrey’s & Partners Sees a Strong Pipeline, Increase in High-Rise Projects
In spite of all the recent construction activity, the apartment market is still supply constrained and should post another year of strong fundamentals, according to panelists on the ‘2014 Kick-Off Webinar for Apartment Development’ hosted by Humphreys & Partners Architects.