Business Specialties
TODAY’S DEALS: Vantage Lands Maryland High-Rise Management Gig
Guardian Realty Investors names Vantage property manager at a newly built high-rise; Centerline refinances a Pittsburgh apartment asset; and Capital One Multifamily Finance closes on a $11.1 million FHA 223(f) refinance that fixes a long-term rate.
SPECIAL REPORT: PREI Raises Concerns that Real Estate Valuations Could be Based on Quantitative Easing Worldwide
Prudential Real Estate Investors said that commercial real estate prices are on the rise worldwide as economies rebound internationally, but expressed concern that loose monetary policy could be driving property valuations.
KRE Group, Ironstate NJ City Development Fully Leased
The Marketing Directors have announced that the lease-up at Kushner Real Estate Group and Ironstate Development’s new luxury building in Jersey City, N.J., has set a city leasing record after inking more than 100 leases at the 422-unit community, 18 Park, within about four weeks of its initial lease-up campaign.
TODAY’S DEALS: Queens Development Site Sells for $10.2M
Marcus & Millichap brokers the sale of a development site in Flushing, N.Y.; NorthMarq secures $11.6 million for student housing serving Virginia Commonwealth University; and IPA arranges a $26 million sale in Greater Phoenix.
MHN Interview: Alan Missen, CIO, FirstService Residential
FirstService Residential is the largest third-party manager of homeowner’s associations in the United States. Alan Missen, CIO, FirstService Residential, talked to MHN about the various apps FirstService Residential is developing and how they hope to make the HOA experience more mobile-friendly for everyone involved.
Capstone Hosts Grand Opening of Rockdale,Texas, Seniors Community
Local politicians, community residents and members of the press were recently on hand to attend the grand opening of Hunter’s Chase, an age-restricted seniors community in Rockdale, Texas, that is exclusively managed by Capstone Real Estate Service Inc.
Eastern Europe On The Rise: Romania’s Second Largest City Welcomes First Green Luxury Residential Development
Cluj-Napoca, the second most populous city in Romania, is about to get its first green luxury residential project: the 91-unit Riviera Luxury Residence condominium tower.
TODAY’S DEALS: Carroll Organization Completes 15th Florida Buy Since April 2013
Carroll Organization completes a 320-unit acquisition; BMC Capital provides $1.1 million to refinance a Houston community; and NorthMarq Capital arranges a $2.85 million refinance of apartments in Queens, N.Y.
Related Midwest’s 500 Lake Shore Drives Certified LEED Gold
Related Midwest has announced that its 47-story luxury apartment tower 500 Lake Shore Drive has earned the United States Green Building Council’s LEED Gold Certification for its efforts in sustainable design and construction.