News
Instrata Lifestyle Residence Renters Gain Ultimate Travel Perk
Home may be where the heart is. But residents at Instrata Lifestyle Residences in New York City and greater Washington, D.C., benefit to their hearts’ content by getting away and enjoying the ultimate travel perk.
Economy Watch: Employment Surges by 321K Jobs in November
The U.S. economy created 321,000 jobs in November, according to the Bureau of Labor Statistics, which is well above the average monthly gain for the past 12 months of 224,000.
El Paso Taps Hunt Cos. for Mixed-Use Project
The City of El Paso has selected Hunt Cos., through its affiliate Hunt Metro 31, to develop a 31-acre TOD. The development will be at the site of the former Northpark Mall in northeast El Paso, at the meeting of Dyer St. and Diana Dr.
Starwood Capital Group Acquires Quattro Business Park in Krakow, Poland
Starwood Capital Group, a global private investment company with $37 billion in assets recently announced it has acquired the 500,000-square-foot Quattro Business Park in Krakow, Poland on behalf of Starwood Distresses Opportunity Fund X.
TODAY’S DEALS: Oak Grove Capital Closes $135.2M in Three Weeks
Oak Grove Capital closes a series of affordable, market-rate and seniors housing loans; Jason Cohen Pittsburgh buys a neglected property with planned repositioning; and Capital Fund Services arranges financing for a Southside Chicago housing.
Becca Wilson, President/CEO of Spherexx.com, Gets Gold for Woman of the Year–Technology–Business and Finance
Becca Wilson, president and CEO of Spherexx.com, recently received the 2014 Woman of the Year Stevie Award for Technology – Business Services and Financial Services.
Georgetown Co. Acquires Chicago Community for $214.25M
Georgetown Co. has acquired K2 Apartments, a 496-unit Class A luxury apartment development, from a joint venture between Fifield Companies and Wood Partners, for $214.25 million.
Economy Watch: Beige Book Paints Generally Stronger Picture of Economy
The latest Beige Book—formally called the “Summary of Commentary on Current Economic Conditions by Federal Reserve District”—says that national economic activity continued to expand in October and November.
Dolben Begins Work on Rumney Flats in Suburban Boston
The Dolben Co. has broken ground on Rumney Flats, a 231-unit apartment development in Revere, a suburb of Boston. The property is part of a larger Planned Urban Development that includes BJ’s Wholesale Club, which has already been completed.
Recruiting Top-Tier Talent
Recruiting the right talent can play an integral role in the long-term success of any company. This especially rings true in the people-centric business of property management.