News
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.
Redevelopment of Dynamo Moscow Stadium Still Going as Developer Faces Difficulties of Russian Economy
Russian financial institution VTB Bank is continuing work on a large development project in the Russian capital, in spite of a number of changes brought to the specifics of the project, as well as recent sanctions on the country’s economy.
Facebook Adds More Space to Regent’s Place Campus in London
Tech giant Facebook Inc. is expanding its presence in London’s West End, adding 60,000 square feet of space to its existing 87,000-square-foot offices in British Land Co.’s Regent’s Place campus.
Former School Transformed into Affordable Senior Apartments
Community Preservation and Development Corp. will begin development of the Highland Park Senior Apartments, an adaptive reuse project that will provide 77 new affordable senior apartments in Richmond, Va.
Economy Watch: Economy Benefiting from Home Sales
What’s good in residential real estate is usually good for commercial real estate (eventually), and the best thing that can happen on the residential side these days are higher sales that don’t feed another bubble.