News
Efficiency Top Priority to Attract Millennials to These New Apartments
Grubb Properties plans to begin construction early this year on Link Apartments West End, a 215-unit apartment community in the dynamic West End of Greenville, S.C. Leasing is expected to begin in spring, 2016.
Seniors Housing Wins Cincinnati’s Greenest Building for ’15
The Reserve on South Martin, a seniors housing property, has been named Cincinnati’s Greenest Building for 2015 by the Cincinnati Business Courier.
TODAY’S DEALS: Forest City Completes Three Investments with Arizona State Retirement System
Forest City closes investment allocations in D.C., Philadelphia; and Oakland, Calif.; a joint venture led by The Preiss Co. completes a Florida student housing acquisition; and CareTrust REIT closes a $7.5 million preferred equity investment.
Stewards of Affordable Housing for the Future Names New Senior Vice President
Stewards of Affordable Housing for the Future announced the promotion of Rebecca Schaaf to senior vice president and will be leading SAHF’s energy and water conservation work.
‘Best Site in North Texas’ Slated for Mixed-Use Development
Downtown Dallas is getting a new mixed-use project. In a joint venture with MetLife Inc., Trammel Crow announced the 916,000-square-foot project to be called Park District.
Former Greystar Executive Marcie Williams Joins Rivergate | KW Management
Rivergate | KW Management, a multifamily property management company, recently announced that former Greystar executive Marcie Williams has joined the company as president.
Invesco’s INSTRATA Devises New Approach for a Sophisticated Rental Market
INSTRATA at Mercedes House, INSTRATA Lifestyle Residences’ Midtown West luxury rental building, has partnered with New York City-based full-service residential brokerage Mirador Real Estate.
Economy Watch: Another Strong Jobs Report to Round Out 2014
The U.S. economy gained 252,000 jobs in December, representing another healthy month of job growth, according to the Bureau of Labor Statistics.
Time to Go: Dobbins Sells Alabama Community for $24M
After holding the property for about two and a half years, Dobbins Group has sold the Moretti at Vulcan Park in Birmingham for $24.6M to Raia Properties.
TODAY’S DEALS: Oak Grove Keeps the Texas Deals Rolling
Oak Grove Capital arranges four acquisition loans for ICG; Blue Ridge Cos. lands a property management gig in South Carolina; and NorthMarq Capital finalizes a $19.95 million refinance carrying a five-year interest-only feature.