Cities
Investors Seek Out Multifamily Gems
Investors are showing renewed interest in Greater Minnesota’s hidden multifamily gems.
DEAL OF THE DAY: Miami Condos Can’t Stop, Won’t Stop
Melo Group lands construction financing for a new 647-unit tower.
DEAL OF THE DAY: Fundamentals Bloom in Rose City
A joint venture takes advantage of Portland fundamentals with a $41.5 million apartment sale.
Bell Partners Rings In $49.5M Sale
The proof of a repositioning play is in the profits — in this case a 39 percent increase in rent rolls from March of 2012.
DEAL OF THE DAY: National Investor Nabs Tempe Student Housing
One of the largest student housing assets serving ASU trades hands.
Jonathan Rose Companies Names Chauhan New CFO
New York—Jonathan Rose Companies LLC, a green real estate development, investment and project management firm, has named Sanjay Chauhan chief financial officer. In addition to his responsibilities as CFO, he will manage investor relations and oversee the firm’s investment funds. Most recently, Chauhan served as CFO and asset management leader at Urban American, a New Jersey-based real estate firm focused on acquiring, improving, and managing workforce housing. During his time there, Chauhan played an integral role in the company’s expansion in the multifamily sector. Chauhan earned a Bachelor of Arts in Economics & Politics and a Master of Arts from…
Veteran Developer Joins Wood Partners
Denver—Wood Partners LLC announced that Jack Kachadurian, a multifamily investment and development specialist, has been hired as vice president of development for the Denver and Rocky Mountain markets. Kachadurian is based in Wood Partners’ Denver office. Since launching its Denver office eight years ago, Wood Partners has developed six apartment communities with more than 1,300 units in the Denver metro area and plans to close a seventh. After a brief respite to analyze absorption rates and the current market, Wood Partners is prepared to increase its development pipeline. A graduate of Regis University in Denver, Kachadurian is pleased to return to…
Giant Hotel Brokerage HWE Opens Shop in NYC
After closing on over $1.5 billion in hotel transactions in New York City this year, Hodges Ward Elliott(HWE) is now officially part of the New York City commercial real estate scene.
JV Lands Major Multifamily Deal in Windy City
A 642-unit multifamily community in suburban Chicago has recently changed hands in a deal secured by HFF.