News
Mill Creek Launches Online Leasing for New Luxury Rental Community
Mineola, N.Y., residents have embraced Smart Growth concepts, ushering in a new era of planned suburban development and re-visioning.
Economy Watch: Transit Indicators Positive for Retail, Industrial Sectors
By Dees Stribling, Contributing Editor Trucking is as a barometer of the U.S. economy, since it tracks the movement of manufactured and retail goods–which move in response to demand. All together, the trucking industry represents nearly 70 percent of tonnage carried by all modes of U.S. freight transportation. Persistently strong trucking also means that conditions are positive for industrial real estate, which handles volumes of shipped goods; and retail real estate, the end recipient of much of the shipping. Monthly fluctuations by themselves might not mean that much, but a run of strong numbers is good. The American Trucking Association…
Couples Who Work Together: It’s Good for Business
Husband-and-wife team Steve and Randy Fifield find that the arm wrestling they do is actually very productive.
Texas Master-Planned Community to Get First Apartments
Allied Orion Group has broken ground on Harper’s Retreat, an apartment community in Conroe, Texas.
The Finch Group Opens Cleveland Apartments
Innova, an apartment development by The Finch Group, has opened. The property includes 177 apartments within a 400,000 square-foot “all-inclusive” pedestrian-friendly site.
Monadnock Announces New President and Partners
Brooklyn, NY.–Monadnock, a New York City residential general contractor, has announced a series of promotions to expand its leadership and senior executive team. Established in 1975, Monadnock has steadily grown over the years into one of the largest multifamily contractors and developers in the New York area. In that time Monadnock has built and developed over 14,000 units of housing, including luxury hi-rises, modular and site-built town homes, mid-rise affordable housing, dormitories, supportive housing, and senior housing. “We’ve grown as a company and these are the people who really made it happen,” said Monadnock’s founder Nick Lembo. Some of Monadnock’s current high-profile…
Greystar Completes $900M Purchase of High-End Student Housing Portfolio in London
In a deal worth approximately $900 million, Greystar Real Estate Partners has closed on the acquisition of three premium student accommodation properties from Nido London S.à r.l.
Summer Launch Slated for Brooklyn Condos
Sales are scheduled to begin this summer at Forty2East, a new six-story, 53-unit condominium in Brooklyn’s Williamsburg neighborhood.
Crowd-Investing Platform Gives Investors Ability to Sell their Private Placement Interests
One of the growing numbers of crowd investing platforms has launched a capability aimed at providing real estate investors with greater liquidity.
TODAY’S DEALS: Greystone Closes $96M CMBS Loan for Portfolio Acquisition
A 1,856-unit portfolio in Raleigh, N.C., & Dallas/Forth Worth trades hands; Capital One Multifamily Finance refinances a Sacramento apartment asset; and Berkeley Point Capital helps cut a borrower’s refinance interest rate by 50 percent.