News
Manhattan Residential Sales End ’14 on Strong Note
Last year was a strong one for the sale of Manhattan residential properties, with steady increases in prices per square foot and higher sales volumes, Urban Compass notes in its latest Manhattan Market Compass report.
TODAY’S DEALS: Dwight Capital Funds $41.5M in HUD Loans
Dwight Capital closes out 2014 with a trio of HUD loans; a Canadian investment firm nabs a REO condo parcel in Illinois; and Meridian Capital arranges a five-year, $10.5 million acquisition loan for a Queens, N.Y., property.
$8M in Grants For Connecticut Affordable Housing
The Bristol Housing Authority has received three Connecticut state housing grants totaling $8 million aimed at revitalizing its Zbikowski Park development.
2015 is the Year of the Smart Kitchen
From fridges that know when you’re low on milk to ovens that can preheat while you finish up in the gym—2015 will be the year when the kitchen gets smart.
A Taxing Agenda in 2015
Tax reform, housing finance overhaul and immigration action are top industry issues.
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.