News
TODAY’S DEALS: Equus Sells Florida Apartments to Bluerock for $14.3M
Equus Capital Partners completes a 224-unit sale; Aztec secures $9.1 for an acquisition in Pensacola, Fla.; and CareTrust REIT completes a sale-leaseback transaction in Minnesota.
Hunt Companies Appoints Paul Kopsky as Chief Operating Officer
Hunt Companies Inc. announced that, effective January 1, 2015, Paul Kopsky, Jr. will become executive vice president and chief operating officer of the company. Kopsky assumes the position following the appointment of Chris Hunt to chief executive officer.
W.P. Carey Buys $29.5M Light-Industrial and Distribution Facility in Poland
In a $29.5 million (€23.8 million) deal, global net-lease real estate investment trust W.P. Carey Inc. has acquired a new build-to-suit 362-000 square-foot light-industrial and distribution center in Poland.
Rose Associates Promotes Two Veteran Officers
Rose Associates, a New York-based real estate firm, has announced the promotion of two of their managing directors, Mitchel S. Gelberg and Mark Motley, to senior managing director positions.
Hines Takes Back Parque Industrial Tecnológico II Industrial Park in Guadalajara from Union Investment
Hines recently completed the acquisition of a property in industrial real estate market of Mexico.
TODAY’S DEALS: Offshore Investor Grabs Brooklyn Apartments for $52.2M
Studley Savills brokers a Naftali Group sale in Brooklyn; Equity Residential is happy to take a LEED asset off Vulcan’s hands in Seattle; and NorthMarq arranges $24 million for a loft property in Portland, Ore.
Trammell Crow Company Teams with Northwestern Mutual on Dallas Mixed-Use Property
High Street Residential, the residential subsidiary of Trammell Crow Company, has teamed with Northwestern Mutual Real Estate to develop Knox Heights, a Class A, six-story, mixed-use project featuring 182 luxury residential units and ground-floor retail and restaurants in Dallas’ popular Knox Street Corridor.
Capri Capital Sells 351-Unit Multifamily Community in Fort Lee, NJ
The Crest at Fort Lee, a 351-unit apartment community in Fort Lee, N.J., has been sold by Capri Capital Partners LLC, of Chicago, for $120 million to Pantzer Properties, of New York.
Economy Watch: No Real Hint of Interest Rate Increase from FOMC
Economists, pundits and other Fed-watchers had wondered, before the Federal Open Market Committee released its latest meeting minutes, exactly what would happen to two little words: “considerable time.” That is, would the central bank remove those words from its guidance about interest rates?
Greystone Plans Mixed-Use Development in Harlem
Locally based developer Greystone has acquired four adjacent land parcels on 125th and 126th Streets in the Harlem neighborhood of Manhattan. The company plans to develop a single mixed-use property, about 12 stories high, on the site.