News
Stone Point Capital Acquires Situs
Situs announced it would be acquired by Stone Point Capital LLC, a private equity firm focused on investing in the global financial services industry.
Office Vacancies Drop as Economy Strengthens
Reis reported that U.S. office vacancies—the national average—dropped from 16.8 percent in the third quarter of 2014 to the 16.7 percent in the fourth quarter.
Two NY Apartment Properties Among First to Win Energy Star
Two Related Cos. properties in Manhattan are among the first in the nation to earn Energy Star certification for existing multifamily properties, according to the EPA.
Rose Names Two New Directors
Rose Associates, a New York-based full-service real estate firm, has announced the promotion of two individuals, George Olmo to director of construction and Chris Gibaldi to director of development. Each will lead their respective department in construction and development.
TODAY’S DEALS: Redwood Capital Expands in Raleigh
ARA brokers Church Street’s sale of a 188-unit asset; NorthMarq refinances a LEED property in Evanston, Ill.; and ARA arranges a sale to a syndicate advised by American Capital Realty Partners.
NorthWest International Healthcare Properties REIT Adopts Yardi Voyager for Enterprise-wide Management
Until recently, NorthWest International Healthcare Properties REIT managed accounting and financial reporting for its worldwide real estate investment portfolio with several different platforms, making consolidated reporting difficult.
Capitalizing on the Brooklyn Boom
AECOM subsidiary Tishman Construction has been selected to provide construction management services for Greenland Forest City Partners’ 535 Carlton Avenue, an 18-story residential tower in Brooklyn, N.Y.
Economy Watch: A Look at the Slip in Construction Spending
The Census Bureau reported that U.S. construction spending dropped in November.