News
TODAY’S DEALS: Canyon Capital Provides Related JV with $157M for Miami Condo/Hotel
HFF arranges $157 million for a mixed-use Miami development; Equus Capital Partners acquires 288 units in Atlanta; and Berkadia arranges more than $26 million for two multifamily properties on the East Coast.
Wall*nut Brings the Functional Beauty a Bathroom Deserves
Brooklyn-based design studio Think Fabricate has unveiled a line of vanities that build off the well-received Wall*nut Medicine Cabinet. The texture, warmth and elegance of wood can heighten room aesthetics without creating a feeling of clutter.
Joint Venture Opens Affordable Housing in Harlem
A joint venture has opened Bethany Place, 23 renovated apartment units in Harlem, to go to Sandy-impacted and rent-burdened families.
Berkeley Point Capital Continues to Expand Its Affordable Housing Finance Team with the Hiring of Matt Naish
Matt Naish joins Berkeley Point Capital LLC as director, affordable housing finance.
Economy Watch: Manufacturing Continues to Grow
The U.S. manufacturing sector expanded in November for the 18th consecutive month, according to latest Manufacturing ISM Report On Business.
Oculus Opens The Colonel Apartments in DC for Leasing
Oculus Realty has started leasing at The Colonel, a new 70-unit apartment development with historic components in Washington, D.C.’s Shaw neighborhood. The five-story structure at the corner of 9th and N Sts. also includes 8,500 square feet of first-story retail space.
New Zealand’s First DoubleTree by Hilton Hotel Opens in Queenstown
Hilton Worldwide’s DoubleTree by Hilton brand recently opened its first property in New Zealand.
First Building of Green Court Bucharest Office Complex Sells for $55.08M
Green Court Bucharest A will soon change hands. The first building of the approximately 560,000 square-foot office park is currently in Skanska Property Romania’s ownership and will be transferred to Globalworth Real Estate Investments LTD foreseeably in the second quarter of 2015.
AHEPA Opens New Houston Seniors Apartments
Owners, sponsors and supporting entities of the new Penelope 54-II affordable seniors apartment building in Houston recently held a dedication and ribbon cutting ceremony to celebrate the opening of the new community.