News
Alta Stone Place Nearing Completion in Melrose, Mass.
Wood Partners has announced that it has surpassed 30 percent occupancy at its soon-to-be completed 212-unit renovated mill in Melrose, Massachusetts—about 20 minutes from downtown Boston.
HTG Begins Development of Pinellas County Apartments
Housing Trust Group has started work on Whispering Palms Apartments, a 63-unit affordable housing development targeting families in Largo and Pinellas County, Fla. The community will also include four units specifically for special needs families.
GLCF Announces Senior Vice President for Business Development
Great Lakes Capital Fund recently announced the promotion of Fred Hash, a leader for the past 15 years in GLCF’s business development, to senior vice president of business development.
TODAY’S DEALS: Waterton Re-Enters Seattle with 155-Unit Buy
Waterton Associates re-enters the Seattle market after 10 years away; ACR Multifamily brokers a 344-unit sale in Austin; and NorthMarq Capital arranges a $11.09 million 15-year construction loan from a credit union.
Metroffice Development in Breaks Ground in Bucharest’s Iride City Master Plan
Site work has recently started on the Metroffice, a new office development project in the heart of the Romanian capital.
Sales and Design Gallery for Soon-to-Be High-End Miami Condos Doubles as Public Art Space
Miami’s Brickell Flatiron Park has been the recent focus of New York Artist Julian Schnabel, who is working on an art installation there that will serve as public art and a sales and design hub for CMC Group’s nearby luxury residential development, Brickell Flatiron.
Ground Broken on Proffitt Dixon Partners’ Fountains Matthews
Multifamily real estate development and investment firm Proffitt Dixon Partners has begun construction on a 258-unit luxury rental property called Fountains Matthews.
RED Capital Group Announces New Senior Managing Director of Affordable Housing
Tracey Peters is the new senior managing director of affordable housing for RED Capital.
Economy Watch: Most States See Unemployment Drop
Forty-one states and the District of Columbia saw unemployment rate decreases in November compared with October, three states suffered increases and six states experienced no change, the Bureau of Labor Statistics reported.
Continential Properties Starts Work on Suburban New Orleans Apartments
Continental Properties Co. has broken ground on the Springs of Fremaux Town Center in Slidell, La.