News
Davis Cos. Acquires 29 Apartment Buildings in Virginia, Plans Rehab
The Davis Cos. has acquired the River City Renaissance portfolio in Richmond for over $37.3 million.
NorthMarq Capital Recognizes Paul Cairns with Annual Award of Excellence
NorthMarq Capital recognizes one producer every year to be awarded the prestigious O’Brien/Klebanoff Award of Excellence.
TODAY’S DEALS: HFF Closes Sale of 14-Property Senior Housing Portfolio
Holliday Fenoglio Fowler LP closed the sale of a multi-state senior housing portfolio totaling 1,038 units; and Marcus & Millichap brokered the sale of a property built in 1973.
Special Delivery
Renters might not list package delivery systems as an important amenity—that is, until they don’t receive their package.
Organic Development: Luxury Community Built Above a Whole Foods
The Morgan Group will develop a mixed-use concept that is a first for the area.
Extravagant Condo Development Launching in Premier Florida Golf Course Community
A new condominium development, offering the ultimate Florida lifestyle, is coming to St. Augustine.
Economy Watch: Two Tales of Employment Recovery: Construction and Hospitality
Construction has had a fairly good run lately in terms of job creation, with the Bureau of Labor Statistics reporting that the industry added a net of 45,000 positions in April, after not budging much in March.
EdR Announced Two Key Hires
EdR announced two recent and key additions: Sonja N. Harris as vice president of human resources, and Samantha Long as director of strategic planning and analysis.
TODAY’S DEALS: Praedium Buys Massachusetts Apartments from Wood Partners JV
Wood Partners and Bavin Inc. complete a Boston-area disposition; Canada’s Starlight Fund finds value in Florida; and Berkadia arranges $18.5 million for affordable and student housing.
Hunt Launches New Transit-Oriented Apartment Development in Dallas-Fort Worth Metroplex
Construction has begun on a new transit-oriented development in Richardson, Texas.