News
Demand for Quality Housing in Corona Brings New Luxury Apartments
The area of Corona, Calif., has a high demand for quality rental housing and for the first time in a while, ground has broken for new luxury apartments.
Romania’s First Park Inn by Radisson Hotel to Open Q4 2015
The Carlson Rezidor Hotel Group recently announced that Romania’s first ever Park Inn by Radisson will open in Bucharest at the end of 2015.
Carroll Organization Acquires West Palm Beach Apartments
Carroll Organization, in a joint venture with Blue Mountain Capital, has acquired Resort at Laguna Lakes in West Palm Beach, an 812-unit property developed during the 2000s. The company plans to rebrand the apartments and manage them itself.
TODAY’S DEALS: Bascom, Oaktree Close Seventh Acquisition with Nevada Buy
Bascom bets on a recovering Las Vegas market; Milestone Apartments REIT grabs 303 units in Orlando; and Mortgage Equicap arranges a construction loan for an 80-unit building.
161-Unit Boston-Area Community Sold
Jefferson at Admiral’s Hill, a 161-unit Chelsea, Mass., apartment community, has been sold by CBRE/New England’s Capital Markets team.
Holland Residential Announces New President
Holland Partner Group announced that it has named Tony D’Alto president of Holland Residential.
Thoughts on Modular Construction
In a recent MHN poll, readers were asked if they thought modular construction would have a significant market share in the next 15 years.
Joint Venture Transforming Commercial Site to Luxury Apartment Community
A joint venture is bringing a modern, luxurious multifamily property to Orange, Calif.
Ashford Hospitality Trust Procures $33.3M Financing for Acquisition of Marriott Hotel
After announcing that it entered a definitive purchase agreement to buy the 232-room Marriott Memphis East Hotel back in January, Ashford Hospitality Trust, Inc. wasted no time in procuring financing and closing on the hotel.
TODAY’S DEALS: Kushner Cos. Acquires New York Walk-Up Portfolio for $131.5M
Kushner Companies closes on the acquisition of a 16-building, 291-unit portfolio of Manhattan and Brooklyn multifamily walk-up properties; and HFF secures financing for a property near the University of Houston.